Indian benchmark indices are likely see a strong opening on November 3, tracking GIFT Nifty, which is trading higher by 154 points at 23,551.50 in early trade.
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Indian benchmarks ended higher on the third straight session on November 2, with the Nifty crossing the 23,300 mark supported by strong buying in heavyweight stocks, particularly Reliance Industries. RIL rallied around 11.5% after reporting strong Q2 earnings.
However, fall in US bond yield, cooling of Brent crude prices amid hopes of progress in talks to end the Iran war, and robust GST collections in October also supported sentiment.
Reliance Industries (RIL) shares surged over 11%, marking their biggest single-day gain since April 2020. The rally pushed the company's market capitalisation past Rs 17 lakh crore, following record Q2 FY27 earnings and bullish brokerage calls.