Indian Stocks Rally for Seventh Day; Sensex Surges 1,718 Points, Nifty Tops 25,000

Indian stock markets rallied for a seventh consecutive session on November 6, with the Sensex surging 1,718 points to close at 81,028 and the Nifty reclaiming the 25,000 level, driven by strong gains in banking stocks. Private banks led the advance, with ICICI Bank, HDFC Bank, and Axis Bank among top gainers, while IT stocks also supported the recovery. However, broader markets lagged, with midcap and smallcap indices falling, and sectoral losses in energy, media, and realty. The rally came despite a global tech sell-off, as investors treated Indian equities as a safe haven amid foreign inflows of Rs 14,975 crore. Crude oil prices and the rupee's stability added to the appeal, though market breadth remained negative with more decliners than advancers.