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Sensex, Nifty hit nine-month highs

The Sensex rose 0.95% to 81,879.40 and the Nifty gained 0.84% to 25,255.05 in the first session after the Diwali break, the highest closes since February, helped by banks, autos and foreign inflows.

Phiroze Jeejeebhoy Towers, Bombay Stock Exchange, Mumbai (file image), Wikimedia Commons, CC BY-SA 2.0

The Sensex rose to 81,879 on Wednesday.

The Nifty closed at 25,255.

Banks and autos led.

Foreign investors kept buying.

It was the first session after Diwali break.

The Nifty Bank index rose 1.76% to close at 60,792.40, and heavyweight banks lifted monthly gains in the index to 11.2%, according to The Week.

The Nifty PSU Bank index gained 2.91%, according to 5paisa, and about 3%, according to a Business Standard headline.

Nifty Auto rose 2.14%, according to The Week, while 5paisa reports a gain of 1.14%, so the figure for autos differs between the two reports.

Nifty IT fell 0.53%, according to 5paisa, and Mphasis dropped more than 2.5%.

Broader indices also rose: 5paisa reports the Nifty Smallcap 100 up 1.59% and the Nifty Midcap 100 up 0.81%.

IIFL shares rose about 6% after Blackstone was reported to be set to invest Rs 5,000 crore in the company, according to The Week.

Bank deposit growth was over 17% from a year earlier, driven mainly by FCNR-B deposit schemes, according to The Week.

Foreign investors have bought up to Rs 55,000 crore of Indian equities in November, their biggest monthly purchase since September 2024, according to The Week.

5paisa gives the November foreign inflow in dollars as approximately $5.68 billion in one place and nearly $6 billion in another, so the dollar figure is approximate.

Brent crude hovered near a 10-week low of about $93 a barrel, according to The Week, while 5paisa says it fell to $89.16 on Tuesday, a two-month low, before recovering to about $92, so the reports describe the low differently.

The rupee closed at 93.69 against the dollar, up about 24 paise, and touched its strongest level since April 2026 during the day, according to 5paisa.

The Week says Wall Street ended lower overnight after US inflation rose 0.4% in October, and cites Democrats’ wins in the US midterms and comments on de-escalation as easing tensions between the US and Iran.

Phiroze Jeejeebhoy Towers, Bombay Stock Exchange, Mumbai (file image), Wikimedia Commons, CC BY-SA 2.0