Indian shares rise for fifth session; IT stocks drag, media leads

Indian equity benchmarks rose for a fifth consecutive session on November 4, with the Sensex gaining 383.55 points to close at 77,301.40 and the Nifty up 149.75 points at 23,960.60, supported by falling crude oil prices, foreign fund inflows, and strong domestic earnings. The broader market outperformed, with the Nifty midcap index rising 1.3 percent and smallcap index up 2 percent. Sectorally, the Information Technology index fell 1.5 percent, while Media surged 5 percent, Metal and Realty gained 2 percent each, and consumer durables, oil & gas, energy, and FMCG rose 1 percent each. Top Nifty gainers included Bharat Electronics, Titan Company, and Adani Enterprises, while TCS, Infosys, and HCL Technologies were among losers. The Indian rupee closed marginally higher at 94.64 against the US dollar, marking a fourth straight session of gains. Over 100 stocks hit 52-week highs, including Bosch, Adani Ports, and Divis Labs. BHEL shares surged 6 percent on Adani Power orders worth Rs 20,000-28,000 crore, while Linde India rose 10 percent post strong results. New listing M K Sons Fine Jewels ended flat after a 6 percent premium debut.