Indian Stocks Extend Winning Streak as Sensex Rises Over 300 Points

Indian stock markets opened higher on Wednesday, extending a four-day winning streak, with the Sensex gaining over 300 points and the Nifty trading above 23,900 in early trade. At 9:22 am, the Sensex climbed 312.60 points, or 0.41%, to 77,230.45, while the Nifty advanced 91 points, or 0.38%, to 23,901.85. Buying in FMCG, banking, and heavyweight stocks supported the market, while IT shares declined. The rally follows Tuesday's strong session, supported by softer crude oil prices and renewed foreign investor inflows. India VIX rose 2.06% to 16.05, indicating some market nervousness. Oil prices slipped as investors awaited US midterm election results. Market strategists noted a reversal in foreign institutional investor stance, with buyers in five of the last six trading days, and suggested the rally could be led by large-caps.