Nifty crosses 24,500, Sensex gains 2,070 points as crude extends slide; Bajaj finance leads rally
BusinessLine 10 min ago·5 Nov 2026, 8:44 am
The Indian equity market witnessed a sharp rally on Thursday, with the Nifty 50 index crossing the 24,500 mark and the Sensex climbing over 2,000 points. The surge was primarily driven by a sharp fall in crude oil prices, which eased global inflationary fears and boosted sentiment. The broader market also showed strength, with a significant number of stocks hitting new 52-week highs and many others trading at their upper circuit limits.
Bajaj Finance emerged as the top performer, leading the rally among the major indices. The stock surged on strong buying interest, reflecting the broader positive sentiment in the financial sector. The rally indicates that investors are optimistic about the economic recovery and are betting on the resilience of the banking and financial services sector.
Investors should watch for the sustainability of this rally. While the momentum is strong, the breadth of the market suggests that the gains are not entirely uniform. A continued decline in crude oil prices and positive corporate earnings will be key factors to monitor in the coming days.
Excerpt from BusinessLine
A total of 117 stocks hit 52-week highs against 60 touching 52-week lows, while 213 stocks were locked in upper circuits and 152 in lower circuits, indicating strong but not entirely uniform breadth. Markets surged to their strongest session in months by early afternoon on Thursday, with the Sensex climbing 2,070…Read the original at BusinessLine
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Bajaj Finance (BAJFINANCE).
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Bajaj Finance and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
