Sensex rises over 250 pts, Nifty reclaims 25,550 as global mood lifts on U.S. reopening hopes

Market Overview - The S&P BSE Sensex increased by 0.19% to 83,376.62, gaining 160 points, while the NSE Nifty 50 rose by 0.21% to 25,545.45, adding 53 points at the open [1] - By 9:38 AM, the Sensex was up 253 points or 0.31% at 83,470, and the Nifty50 rose by 81 points or 0.33% to 25,573 [1] Sector Performance - On the Sensex, Asian Paints, Tata Motors Passenger Vehicles, and Bharat Electronics led the gains, with increases between 1.5% and 2% [1] - Broader markets also showed strength, with midcaps and smallcaps up by 0.3% each [2] Institutional Investment - Foreign Institutional Investors (FIIs) purchased equities worth over Rs 4,581 crore on November 7, while Domestic Institutional Investors (DIIs) were net buyers of Rs 6,675 crore [10] Global Market Trends - Global equities advanced as optimism grew regarding a potential end to the U.S. government shutdown, with Nasdaq futures climbing 1.1% and S&P 500 futures gaining 0.65% [11] - European markets were set for a strong open, with EUROSTOXX 50 and DAX futures up nearly 1.4% each, and FTSE futures advancing 0.8% [12] Oil Market - Oil prices increased, supported by optimism that an end to the U.S. government shutdown could boost demand, with Brent crude futures gaining 47 cents to $64.10 per barrel and U.S. West Texas Intermediate climbing 50 cents to $60.25 [13] Currency Exchange - The Indian rupee opened steady at 88.65 against the U.S. dollar, with a softer dollar and expectations of central bank support stabilizing sentiment [14]