Dalal Street closed marginally higher on Thursday, extending its winning streak to a tenth consecutive session as sustained foreign fund inflows and softening crude oil prices offset losses across most major sectors.

Dalal Street closed marginally higher on Thursday, extending its winning streak to a tenth consecutive session as sustained foreign fund inflows and softening crude oil prices offset losses across most major sectors.

Dalal Street closed marginally higher on Thursday, extending its winning streak to a tenth consecutive session as sustained foreign fund inflows and softening crude oil prices offset losses across most major sectors.

Dalal Street ended marginally higher on Thursday, with the Nifty 50 edging higher than the BSE Sensex at the closing bell. Despite choppy intraday trading, both indices ended steady and maintained their gains. Softening crude oil prices and sustained foreign fund inflows helped maintain positive investor sentiment. 

The benchmark Nifty 50 was up 44 points to close at 25,299.35. The BSE Sensex gained roughly 30 points to settle at 81,911.01. Despite 11 of the 16 major sectors falling on Thursday, the slight gains have extended Dalal Street’s consecutive winning streak to a tenth day. 

Bajaj Finance, State Bank of India, BEL, Bajaj Finserv and ICICI Bank were winners in the Sensex bunch. Hindustan Unilever, Maruti, Powergrid, TCS and Mahindra and Mahindra lagged behind. HDFC Life and Shriram Finance led gains in the Nifty 50, jumping 3.5 to 4 per cent. 

Bajaj Finance shares jumped higher after it launched a share sale to raise up to $1.25 billion from institutional investors. 

As per exchange data, foreign investors pumped in $1.3 billion on Wednesday, helping sustain the Diwali momentum in the market. November has seen the highest FII inflows since September 2024, with investors purchasing domestic equities worth $6.4 billion. Banking stocks have benefited from the inflow, with the Nifty Bank gaining 726 points. 

Brent crude oil prices hovered around their 10-week low, at $93 per barrel. Despite developing uncertainty about US-Iran negotiations and Ukrainian drone attacks disrupting Russia’s refineries, easing crude oil supply flows from the Middle East have helped maintain oil prices. 

Wall Street ended higher overnight, with Dow Jones, S&P 500 and the Nasdaq closing higher, led by tech sector gains. Japan’s Nikkei 225 closed lower, down by 0.7 per cent, and KOSPI traded lower during today’s session. 

The Indian indices have risen about 10 per cent this month. Brokerages shared a positive outlook for the indices, with Citi and Bernstein raising target levels for Nifty. 

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