Sensex, Nifty trade with strong gains; auto shares rally for 3rd day

The key equity benchmarks traded with substantial gains in mid-afternoon trade, supported by a stronger rupee following recent Reserve Bank of India measures and a decline in Brent crude prices, although oil remained above $100 a barrel. Investors remained focused on the September-quarter earnings season, global market cues, upcoming US inflation data and foreign institutional investor (FII) flows.

Auto shares witnessed buying demand for third for consecutive trading session.

At 14:25 IST, the S&P BSE Sensex advanced 696.40 points or 0.96% to 72,609.27. The Nifty 50 index jumped 225.65 points or 1.01% to 22,589.

In the broader market, the BSE 150 MidCap Index added 0.38% and the BSE 250 SmallCap Index shed 0.14%.

The market breadth was positive. On the BSE, 2,038 shares rose and 2,194 shares fell. A total of 264 shares were unchanged.

Buzzing Index:

The Nifty Auto Index advanced 0.46% to 25,200.95. The index rallied 2.81% in the three consecutive trading sessions.

Bajaj Auto (up 2.73%), TVS Motor Company (up 0.85%), Hyundai Motor India (up 0.85%), Samvardhana Motherson International (up 0.8%), Mahindra & Mahindra (up 0.72%), Bharat Forge (up 0.55%), Ashok Leyland (up 0.4%), Sona BLW Precision Forgings (up 0.19%), Bosch (up 0.15%) advanced.

Numbers to Track:

The yield on India's 10-year benchmark federal paper declined 0.42% to 7.351 compared with the previous session close of 7.382.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2875 compared with its close of 96.7850 during the previous trading session.

MCX Gold futures for 4 December 2026 settlement fell 0.08% to Rs 1,49,425.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.31% to 102.28.

The United States 10-year bond yield fell 1.01% to 5.557.

In the commodities market, Brent crude for December 2026 settlement tumbled $1.57 or 1.47% to $105.08 a barrel.

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