Sensex ends 383 points higher, Nifty nears 24,000; Titan up 4%

Stock market ended higher on Wednesday, November 4, after a volatile session in which benchmark indices swung between gains and losses. The Sensex and Nifty recovered from early weakness to close in the green, supported by buying across banking, auto, metal and media stocks.The BSE Sensex settled at 77,301.40, rising 383.55 points or 0.50%. The index had opened at 76,853.11 and slipped to an intraday low of 76,604.85 before recovering to touch a high of 77,396.04.The NSE Nifty 50 closed at 23,960.60, gaining 149.75 points or 0.63%. The index opened at 23,742.25 and recovered to its day's high of 23,960.60, after falling to an intraday low of 23,696.15.The benchmarks had opened higher but came under pressure during the session, briefly slipping into negative territory. Buying at lower levels helped the indices regain momentum and finish closer to their day's highs. TOP SENSEX GAINERS AND LOSERSAmong Sensex stocks, Bharat Electronics (BEL) was the top gainer, rising 4.56%. Titan followed with a gain of 4.28%, while InterGlobe Aviation (IndiGo) advanced 2.39%.Bajaj Finance gained 2.38%, ITC rose 2.32% and Adani Ports added 2.30%. Bajaj Finserv, Tata Steel, Mahindra & Mahindra, HDFC Bank and UltraTech Cement were among the other notable gainers. On the other hand, IT stocks weighed on the market. Tata Consultancy Services (TCS) was the biggest loser on the Sensex, falling 2.70%. HCL Technologies declined 2.23%, while Infosys slipped 1.65%.Eternal fell 1.60%, Kotak Mahindra Bank lost 1.08% and Asian Paints declined 0.45%. Tech Mahindra and Larsen & Toubro also ended lower.SECTORAL INDICES: IT DRAGS, METAL AND MEDIA SHINESectoral performance was largely positive, although the IT index remained under pressure.Nifty Media emerged as the top-performing sectoral index, rising 5.15%. Nifty Metal gained 2.80%, while Nifty Realty advanced 2.85%. Nifty Consumer Durables rose 2.04% and Nifty FMCG added 1.50%.Nifty Auto gained 1.16%, while Nifty Financial Services 25/50 advanced 1.08%. Nifty PSU Bank, Nifty Pharma and Nifty Private Bank also ended higher.In contrast, Nifty IT declined 1.50%, making it the key sectoral drag on the market. The weakness was reflected in losses across major IT stocks, including TCS, HCL Technologies and Infosys.The broader market indices outperformed the benchmark indices, indicating wider participation in the day's recovery.The Nifty Smallcap 100 index gained 2%, while the Nifty Midcap 100 advanced 1.55%. The Nifty Midcap 50 rose 1.42%, and the Nifty 500 ended 1.11% higher. The Nifty 200 and Nifty 100 gained 0.96% and 0.82%, respectively.The India VIX, which measures expected market volatility, declined 2.83% to 15.28, suggesting some easing in market nervousness.Oil prices were marginally lower during the session. US West Texas Intermediate (WTI) crude futures traded at $95.95 per barrel, down 0.15%, while Brent crude futures declined 0.73% to $102.84 per barrel, according to the market data snapshot.The decline in crude prices offered some relief, although the session's market direction was largely shaped by stock-specific and sectoral moves.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends