November 4, 2026: Indian benchmark equity indices extended their gains for the fifth consecutive session, with the Sensex rising 384 points and the Nifty closing at 23,961. Gold and silver prices surged in the domestic market, while the rupee appreciated against the US dollar. Meanwhile, India’s services sector growth accelerated to a four-month high in October.
Top India Headlines
- Sensex Rises 384 Points, Nifty Closes at 23,961: Domestic equity markets continued their upward momentum for the fifth consecutive session. The Sensex gained 384 points, or 0.5%, to close at 77,301, while the Nifty advanced 150 points, or 0.63%, to settle at 23,961.
- Gold Jumps 2.9%, Silver Gains 5.5%: In the domestic bullion market, 24-carat gold rose over 2.9% to ₹1,41,622 per 10 grams. Silver prices increased 5.5% to ₹1,86,133 per kilogram.
- Rupee Appreciates 10 Paise Against US Dollar: The Indian rupee strengthened by 10 paise to close at ₹94.65 against the US dollar. The dollar index was trading at 101.45 during intraday trade.
- RBI Sets Up Technical Consultative Committee for Financial Markets: The Reserve Bank of India announced the formation of an eight-member Technical Consultative Committee for Financial Markets to focus on critical policy and operational matters across money markets and government securities. The committee will be chaired by the Deputy Governor in charge of the relevant area.
- India’s Services PMI Rises to Four-Month High of 55.8: India’s services sector growth accelerated in October, supported by new business and resilient domestic demand. The seasonally adjusted HSBC India Services Purchasing Managers’ Index rose to 55.8 from 55.2 in September.
- Global Crude Oil Prices Decline: Brent crude fell 1.3% to $102.21 per barrel, while West Texas Intermediate crude declined 1.2% to $94.95 per barrel at the time of reporting.
- Asian Markets End Mixed; European Indices Trade Higher: Asian markets closed on a mixed note, with Shanghai Composite rising 2.2%, Hang Seng gaining 1.7% and South Korea’s Kospi advancing over 0.6%. Japan’s Nikkei 225 declined 1.4%, while Taiwan’s Taiex fell over 0.8%.
- US Markets Close Mixed as Technology Stocks Rebound: Wall Street ended the previous session on a mixed note. The Nasdaq Composite gained over 0.8%, while the S&P 500 advanced 0.4%, snapping their three-session losing streak amid gains in chip stocks. The Dow Jones Industrial Average moved lower.
