Indian equity benchmarks ended in green on Friday after
falling for the last two days, on the back of continuous buying from foreign
institutional investors and a largely positive trend in Asian and European
markets. Markets made a cautious start and traded volatile after the Bank of
England raised interest rates to 3% on Thursday from 2.25%, its biggest rate
rise since 1989. BoE warned of a “very challenging” outlook for the economy.
However, in the last minutes of trade, markets recovered from losses to break a
two-day falling spree ahead of key US jobs data.

Also Read | Top 5 cryptocurrencies of the day: Bitcoin up 1%, Dogecoin trends at no. 1

The Sensex rose 113.95 points or 0.19% to settle at
60,950.36. The Nifty ended 64.45 points or 0.36% higher at 18,117.15.

The broader indices ended in green with the BSE Midcap
index gaining 0.00% and the Small cap index up by 0.41%. The top gaining
sectoral indices on the BSE were Metal up by 2.90%, Energy up by 0.84%, Oil
& Gas up by 0.59%, Industrials up by 0.53% and Capital Goods were up by
0.51%, while Healthcare was down by 0.68%, IT down by 0.35%, TECK down by
0.34%, FMCG down by 0.28%, Consumer Durables down by 0.23% were the top losing
indices on BSE.

Also Read | Adani Enterprises stock jumps 6% as Q2 net profit doubles to Rs 461 crore

Top gainers from the Sensex pack were Bajaj Finserv up by
4.55%, Tata Steel 2.50%, UltraTech Cement 2.50%, State Bank of India 1.53%,
Reliance 1.43%, Asian Paints 1.28%, Bajaj Finance 1.24%, Wipro 0.51% and
IndusInd Bank 0.40%.

Among the laggards were Dr. Reddys Labs down by 1.49%,
Infosys 1.08%, Hindustan Unilever 1.03%, HDFC Bank 0.76%, NTPC 0.73%, and Power
Grid Corp 0.50%.

Also Read | Gold, silver and other metal prices on Friday, November 4, 2022

The rupee appreciated by 47 paise to close at 82.41 against
the US dollar as the greenback retreated from its elevated levels.

Asian markets settled mostly higher with the Shanghai
Composite up by 2.43%, Hang Seng up by 5.36%, KOSPI Composite up by 0.83%, and
the Nikkei 225 down by 1.68%.

European stock exchanges were trading in the positive
territory in mid-session deals. US equity markets ended lower on Thursday.

Also Read | RBI MPC meets to draft inflation report for government

Brent crude, the international oil benchmark was trading
2.34% higher at USD 96.89 per barrel.

According to stock exchange data, foreign Institutional
Investors (FIIs) were net buyers on Thursday as they bought shares worth Rs
677.62 crore.