The BSE Sensex jumped 1,403.71 points to 78,689.87 in early trade on Thursday, November 5, while the NSE Nifty surged 378.85 points, news agency PTI reported, as Indian equities extended their rally into another session.

Source: PTI via Dailyworld

The rally built through the opening minutes. By 9:19 am IST the Sensex was up 1,435.46 points, or 1.86 per cent, at 78,736.86, and the Nifty was up 395.20 points, or 1.65 per cent, at 24,355.80, according to Dalal Street Investment Journal's opening-bell report. Upstox reported the Sensex opened at 78,910.94 and touched a morning high of 78,922.44.

Source: Dalal Street Investment Journal

1,403.71Sensex points gained in early trade (PTI)
78,689.87Sensex level in early trade
378.85Nifty points gained in early trade (PTI)
Rs 7,284 croreFII net buying on November 4

Market reports linked the surge to a sharp correction in global crude prices, with Brent crude trading near $94.30 a barrel, a pullback in bond yields and improving sentiment around the West Asia conflict after the US midterm results. On Wall Street, the Dow Jones closed 3.03 per cent higher overnight.

Source: Upstox

Foreign institutional investors bought equities worth Rs 7,284 crore on Wednesday, a fourth straight session of net buying, while domestic institutional investors sold Rs 3,712 crore, according to exchange data reported by Tradebrains. Shriram Finance, InterGlobe Aviation and Asian Paints were among the top Nifty gainers, and the broader market rose too, with the Nifty MidCap index up 1.19 per cent and the SmallCap index up 1.14 per cent.

On Wednesday the Sensex had closed 383.55 points higher at 77,301.40 and the Nifty 149.75 points higher at 23,960.60, a fifth straight session of gains. The rupee also strengthened in early trade, rising 14 paise to 94.32 against the US dollar, PTI reported. Early-trade levels change quickly, and the indices may not hold these gains by the close.