Bajaj Finance, Bajaj Finserv, ITC, Eternal, ICICI Bank, SBI, and Adani Ports led the charge on the 30-pack Sensex shortly after the opening bell. While the BSE benchmark opened lower, it quickly gained ground in the first ten minutes, crossing 82,250-mark.
On the NSE, the Nifty 50 also gained by 100 points, with HDFC Life leading the benchmark with a 3 per cent jump. Bajaj Finance and Bajaj Finserv both gained more than 2 per cent.
This sustained momentum was mostly due to foreign fund inflows, with at least $1.3 billion returning to Indian markets on Wednesday as per exchange data.
If this sustains over the day, it would mark the tenth consecutive winning streak (when not counting the Muhurat session). The rupee holding firm, along with softening crude oil prices, eased the external factors, adding to the overall positivity.
November has already seen the highest FII inflows since September 2024, with investors buying more than $6.4 billion worth of equities so far. This has pushed the Sensex monthly returns closer to 15 per cent.
