Nifty 50 hits 23,811; NSE, SBI, MCX post strong quarterly results

Indian equities extended their winning streak to a fourth consecutive session on Tuesday, with the Nifty 50 rallying 370 points to settle at 23,811. The index faces immediate resistance at the key psychological level of 24,000. Several stocks remain in focus on Wednesday, November 4, following quarterly results and operational updates. NSE reported a 23% YoY profit increase to Rs 2,578 crore, while SBI's net profit rose 14% to Rs 23,038 crore. MCX profit surged 130% to Rs 454.57 crore. Other notable results include Happiest Minds (profit up 15.12%), Minda Corporation (up 68.2%), and IEX reporting a 16.5% rise in October electricity volumes. Investors will track September-quarter earnings, monthly sales data, and corporate developments.