Sensex closed 685 points higher at 73,068, and Nifty gained 220 points to 22,776, marking the second straight day of gains on Tuesday.
The advance‑decline ratio stood at 2:1, with 74 stocks rising against 37 falling, highlighting broad market strength across the 55‑stock universe.
Sectoral dynamics were mixed: Nifty Bank surged 414 points to 55,128, whereas the IT index fell nearly 1% and hospital shares slumped ahead of a Supreme Court hearing, dragging the healthcare sector down.
Market sentiment was buoyed by Brent crude slipping below $100 per barrel, a 1.3% drop that lifted commodity sentiment, and by positive quarterly updates from Kotak Mahindra Bank, which gained 4% after its earnings release, and Trent, which leapt 12% on stronger‑than‑expected growth.
Capital‑market stocks led the rally: the BSE index rose 4%, with air‑conditioner names edging up, and PG Electroplast surged 8% on expectations of robust demand.
Looking ahead, investors will focus on Reliance Industries’ earnings due in early December and the RBI’s policy meeting on 15 November, both of which could shape the next session’s direction.