Market overview
Indian equity benchmarks extended their recovery from last week’s sell‑off. The Sensex advanced 336 points (≈0.40%) to 83,871.32 and the Nifty 50 gained 121 points (≈0.47%) to 25,694.95. Both indices bounced sharply from intraday lows after early weakness linked to a security incident in Delhi. Strength in information‑technology (IT), auto and metal names and fresh buying from foreign institutions underpinned the rebound. Broader indices were mixed: the Nifty Midcap 100 added ~0.5 %, while the Nifty Smallcap 100 slipped ~0.2 %. Market breadth was negative, with around 1,777 stocks advancing against 2,047 declining.
Key indices and sectoral performance
| Index/Sector | Close | Change (Pts/%) | Notes |
|---|---|---|---|
| Sensex | 83,871.32 | +335.97 / +0.40% | recovered ~747 pts from day’s low (83,124) |
| Nifty 50 | 25,694.95 | +120.60 / +0.47% | bounced from 25,449 intraday low |
| Nifty Bank | 58,138.15 | +0.35% | resilient; support around 57,800 |
| Nifty IT | 35,117.65 | +1.20% | top gainer; tech exporters rose on improved U.S. sentiment |
| Nifty Auto | 19,111.40 | +1.07% | auto names rallied on optimism for rural demand |
| Nifty Metal | 8,304.20 | +0.71% | metals benefited from global growth hopes |
| Nifty Oil & Gas | 9,190.75 | +0.59% | sustained by energy majors |
| Nifty PSU Bank | 5,094.35 | −0.39% | underperformed; profit‑taking in state‑run lenders |
| Nifty Midcap 100 | 60,307.85 | +0.50% | mid‑caps outperformed large caps |
| Nifty Smallcap 100 | 13,649.20 | −0.21% | small‑caps saw mild profit‑taking |
| India VIX (volatility) | 12.30 | −2.05% | continued to cool, signalling improved risk appetite |
Numbers are approximate rounded values drawn from exchange data on 11 Nov 2025.
Top gainers & losers (Nifty 50)
| Top gainers (Nifty 50) | % chg | Comments |
|---|---|---|
| InterGlobe Aviation (IndiGo) | ≈+3.6% | rebound after last week’s sell‑off; positive Q2 guidance |
| Bharat Electronics (BEL) | ≈+2.4% | stock rallied for a third day on winning additional ₹792 crore defence orders |
| Mahindra & Mahindra | ≈+2.2% | strong tractor and SUV sales boosted sentiment |
| Bajaj Auto | ≈+1.8% | continued demand for premium bikes and export growth |
| HCL Technologies | ≈+1.7% | IT stocks gained as U.S. government reopened, improving spending outlook |
| Top losers (Nifty 50) | % chg | Comments |
|---|---|---|
| Bajaj Finance | ≈−7.0% | stock corrected after strong results on valuation concerns and profit taking |
| Bajaj Finserv | ≈−5.9% | followed parent Bajaj Finance lower despite decent earnings |
| ONGC | ≈−0.6% | subdued due to profit booking in energy names |
| Tata Motors PV (TMPV) | ≈−0.5% | investors cautious ahead of passenger‑vehicle demerger and separate listing |
| Power Grid Corp. | ≈−0.3% | minor decline following recent rally |
Key statistics
- Market breadth: 1,777 stocks advanced, 2,047 declined and 137 remained unchanged. More than 100 stocks, including Bharat Forge, BHEL, Ashok Leyland, Mahindra & Mahindra and IOC, touched 52‑week highs.
- Institutional flows: After six days of selling, foreign institutional investors (FIIs) turned net buyers, signalling renewed confidence. Domestic institutions continued to provide support.
- Currency & rates: The rupee appreciated about 13 paise to close near ₹88.56 per US dollar. The benchmark 10‑year government bond yield slipped to around 6.50 %, reflecting expectations that moderating inflation could prompt the Reserve Bank of India to maintain an accommodative stance.
- India VIX: The volatility index eased by ~2 % to 12.3, its lowest level in several weeks.
What moved the market
- Global cues: The U.S. Senate passed a bill to end the longest‑ever federal government shutdown, boosting global risk appetite. U.S. index futures rose, and Asian and European markets traded higher. Positive progress toward a U.S.‑India trade pact and Goldman Sachs upgrading India to “overweight” also buoyed sentiment.
- Domestic factors: A security incident in Delhi initially weighed on markets, but strength in quarterly earnings and optimism that India’s inflation will continue moderating supported a late‑session rally. IT, auto, metal and FMCG sectors attracted buying, while PSU banks and healthcare names experienced mild profit booking.
- Corporate earnings: Nykaa’s quarterly profit more than tripled, driving its shares up nearly 6 % intraday. Bajaj Finance reported a 22 % jump in net profit but sold off due to rich valuations. InterGlobe Aviation, Bharat Electronics and Mahindra & Mahindra delivered upbeat numbers, lifting their shares.
Global cues
- U.S. government shutdown resolution: The Senate advanced legislation to fund the U.S. government through January 2026, fuelling hopes that the record‑long shutdown would end within days. Nasdaq and S&P 500 futures gained over 1 % in Asian trade.
- Economic data: Chinese October consumer inflation returned to positive territory (0.2 % y/y), while producer prices fell 2.1 %. European indices were firm as investors anticipated central banks would remain dovish amid slowing growth.
- Commodity moves: Brent crude for December settlement rose to around US$64.06 a barrel, supported by expectations of a U.S. government reopening and potential demand recovery. Gold prices advanced toward ₹123,125 per 10 g on the MCX as investors sought safe‑haven assets amid lingering geopolitical tensions.
Stocks to watch for 12 November 2025
- Bajaj Finserv, Rail Vikas Nigam, BSE, Bharat Forge, Tata Power: These companies are scheduled to report quarterly results; earnings and management commentary could drive volatility.
- Vodafone Idea: The telecom operator’s Q2 net loss narrowed to around ₹5,524 crore. The stock was among the most‑traded counters (≈196 crore shares) and may remain active.
- Britannia Industries: Executive vice‑chairman and MD Varun Berry resigned after a decade at the helm. Investors will watch for succession details and the company’s growth strategy.
- Bharat Electronics: Secured new defence orders worth ₹792 crore; momentum may continue.
- Tata Motors: Shares could react to the separate listing of its commercial‑vehicles division on 12 Nov and investor response to the demerger.
- Baazar Style Retail: The small‑cap retailer returned to profitability in Q2 (₹51 crore vs. a ₹9 crore loss a year ago), making it a potential momentum play.
- Hero MotoCorp: Its electric mobility arm, VIDA, launched the VX2 Go variant; watch for market reaction and guidance on EV penetration.
- JK Tyre: Announced plans to invest ₹5,000 crore over the next 5–6 years to expand capacity and target export markets.
- HUDCO: The state‑owned financier reported net profit growth of ~3 % for Q2; the stock may react to guidance.
Corporate updates
- PhysicsWallah IPO: The popular ed‑tech platform opened its initial public offer at a price band of ₹103–109 per share and was subscribed ~6 % on day one. The issue closes on 13 Nov.
- Lenskart Solutions listing: Shares of the eyewear retailer listed at a discount (₹390 vs. IPO price of ₹402) but recovered to close slightly above the issue price after heavy trading volumes (~9.3 million shares). The company’s long‑term growth story and premium valuations will be closely watched.
- Nomura & HSBC reports: Nomura maintained a ‘buy’ rating on KEC International with a target price of ₹985, citing strong execution in transmission & distribution despite transportation challenges. HSBC kept a ‘hold’ rating on Petronet LNG (target ₹320) due to lower volumes and one‑off provisions.
- Global Health rating: HSBC upgraded the hospital chain to ‘hold’ with a target of ₹1,270, noting that fixed costs for its Noida unit have largely been incurred, paving the way for margin expansion.
- Britannia leadership change: Long‑time CEO Varun Berry stepped down; investors will track the appointment of a new managing director and potential strategy shifts.
- Nykaa & Trent: Nykaa’s net profit tripled in Q2, sending shares up nearly 6 %. In contrast, retail chain Trent tumbled over 7 % after reporting its slowest revenue growth since 2021.
Technical view and outlook for 12 November
- Nifty 50: The index formed a bullish reversal pattern on intraday charts after repeatedly defending the 25,450–25,500 support zone, highlighting strong buying interest at lower levels. Immediate support has now moved up to around 25,500, with a deeper cushion near 25,450. Resistance lies at 25,700–25,820; a decisive close above 25,820 could confirm the resumption of the uptrend and open the door to the 26,000–26,300 range. Failure to hold above 25,500 may trigger consolidation toward 25,200.
- Bank Nifty: The banking index finished around 58,138. Momentum indicators suggest mild bullishness as long as it stays above 57,800. Resistance is seen near 58,500; a breakout could pave the way for a test of 59,000–59,200.
- Sensex: The 30‑share index faces resistance at 84,000–84,200. Support has shifted higher to 83,500. Sustaining above this zone could help the index attempt 84,500 in the near term.
- Expected market tone: With the U.S. shutdown resolution boosting global risk appetite, FIIs turning buyers and volatility easing, the tone for Wednesday (12 Nov) is cautiously positive. Markets may start on a firm note, but traders should watch for profit‑taking near resistance levels. Domestic triggers include India’s October CPI and industrial production data due later in the week, while global investors will monitor U.S. inflation and bond‑yield movements. Overall, the bias remains constructive with sector rotation favouring IT, auto, energy and select metals, but pockets of volatility could persist in high‑beta names.
