Sensex gains more than 1,000 points as Indian shares rise

Indian equities rose sharply in early trading on November 11, with the Sensex gaining more than 1,000 points and the Nifty climbing above 25,300 as crude oil prices eased. The advance followed a holiday closure on November 10 and came amid renewed foreign investment in domestic shares.

By early trade, the Sensex had risen 1,097.33 points to 82,186.92, while the Nifty was up 274.30 points at 25,317.55, according to reported market readings. Another snapshot at 9:23 a.m. put the Sensex at 82,274.50, up 1,167.85 points, and the Nifty at 25,352.60, up 307.95 points. These figures reflect different intraday observation times, not closing levels.

Brent crude was reported around $92 a barrel in early trading, easing pressure on an oil-importing economy. One market report put Brent at $89.16, described as a two-month low, but did not give a comparable observation time. The oil-price decline was cited alongside foreign investment as a support for equities.

Exchange data cited for November 9 showed foreign institutional investors bought equities worth ₹7,212.22 crore. Geojit Investments’ chief investment strategist, V.K. Vijayakumar, said the Nifty had risen 8.6% over the first seven...