The Nifty50 and Sensex rallied sharply as a steep decline in crude oil prices boosted investor sentiment. The Democrats’ victory in the US midterm elections further strengthened expectations of a quicker resolution to the West Asia conflict.

At 9:40 hours, the 30-share benchmark index was trading at 78791.41 up by 1490.01 points or by 1.93 % and then NSE Nifty was at 24347.4 up by 386.8 points or by 1.61 %.

Sensex touched intraday high of 78922.44 and intraday low of 78520.56 The NSE Nifty touched intraday high of 24391.95 and intraday low of 24296.3

The top gainers of the BSE Sensex pack were InterGlobe Aviation Ltd. (Rs. 5399.70,+5.05%), Bajaj Finance Ltd. (Rs. 1042.20,+4.95%), Asian Paints Ltd. (Rs. 2529.60,+4.53%), Maruti Suzuki India Ltd. (Rs. 12478.45,+4.25%), Mahindra & Mahindra Ltd. (Rs. 3055.50,+3.51%), among others.

The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 321.00,-0.22%), Bharti Airtel Ltd. (Rs. 2065.90,0.00%), among others.

Auto index was at 59973.1 up by 1817.46 points or by 3.13%. Ashok Leyland Ltd. (Rs. 165.90,+7.73%), Tata Motors Ltd. (Rs. 431.75,+7.19%), Balkrishna Industries Ltd. (Rs. 2366.00,+5.44%), Apollo Tyres Ltd. (Rs. 422.00,+4.81%), Tata Motors Passenger Vehicles Ltd. (Rs. 290.20,+4.28%),.

CGS index was at 72036.23 down by -894.94 points or by -1.23%. Cummins India Ltd. (Rs. 4115.25,-13.35%), Kirloskar Oil Engines Ltd. (Rs. 1683.65,-6.68%), CG Power and Industrial Solutions Ltd. (Rs. 817.80,-2.86%), GE Vernova T&D India Ltd. (Rs. 4151.30,-2.67%), Siemens Energy India Ltd. (Rs. 2888.20,-2.43%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3758 , shares advanced were 2937 while 654 shares declined and 167 were unchanged.