Nifty Capital Markets Index surges 4 per cent, BSE and Groww shares rally

According to a report by Business Standard, the Nifty Capital Markets Index was the highest gaining thematic index, recording a surge of 4 per cent. In comparison, the Nifty 50 rose by 1.73 per cent. During this rally, shares of companies such as BSE, Groww, 360 ONE, and MOFSL saw a significant jump of up to 7 per cent.

The primary reason behind this market surge is believed to be the results of the US midterm elections. As per a report by The Hindu, American voters have handed control of the US Congress to the opposition Democratic Party. The Democratic Party secured a majority in both the Senate and the House of Representatives. President Donald Trump's Republican Party faced defeats even in their strongholds such as Texas, Georgia, Iowa, and Ohio.

Alongside this political shift, the decline in crude oil prices also remained positive for the market. Brent crude prices fell by 1.07 per cent to reach 93.61 dollars per barrel. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services Limited, stated that Brent crude has decreased by nearly 10 per cent, which is the biggest positive aspect for the market. This decline is due to hopes of a swift resolution to the US-Iran conflict.

On Wednesday, 4 November 2026, the Sensex closed at 77,301.40, up by 383.55 points or 0.50 per cent, marking its highest level in the last two months. The Nifty closed at 23,960.60, increasing by 149.75 points or 0.63 per cent. According to a report by Amar Ujala, the Nifty Realty Index saw a gain of 2 per cent, and the Nifty FMCG and Consumer Durables indices gained over 1 per cent, although the Nifty IT Index recorded a decline.

On Thursday, 5 November 2026, the market opened with strong gains. The Sensex rose by 1,403.71 points to reach 78,689.87, while the Nifty climbed 378.85 points to reach 24,340.40. According to an NDTV report, the Nifty 50 index reclaimed the 24,000 mark for the first time since 4 September and reached 24,442.20 in intraday trade, an increase of 2.01 per cent.

Among the 30 Sensex companies, InterGlobe Aviation, Asian Paints, Bajaj Finance, Maruti, Mahindra & Mahindra, and UltraTech Cement were the primary winners, while shares of Kotak Mahindra Bank and Bharti Airtel declined. According to exchange data, Foreign Institutional Investors (FIIs) purchased equity shares worth ₹7,284.03 crore on Wednesday.

Global markets showed a mixed response. US markets remained bullish, with the Dow Jones rising 3.03 per cent, the S&P 500 increasing 1.58 per cent, and the Nasdaq gaining 1.44 per cent. In Asian markets, the Shanghai Composite and Hong Kong Hang Seng indices rose, while Japan's Nikkei 225 and South Korea's Kospi index traded with losses.

According to an NDTV report, the Indian rupee also strengthened, rising by 29 paise from Wednesday's 94.65 to 94.36 per dollar on Thursday. Additionally, the Nifty India Volatility Index fell by 23.5 per cent to 11.62, indicating a decrease in short-term market volatility.