Last Updated on November 12, 2025 9:04 pm by BIZNAMA NEWS
BIZNAMA
Benchmark domestic equity indices, the Sensex and the Nifty, extended their strong opening momentum throughout the day to close higher for the third consecutive session. The surge was fueled by growing global optimism and robust performance in the domestic IT and Consumer Durables sectors. The market rally was notably broad-based, with mid and small-cap indices also closing significantly in positive territory, reflecting strong underlying investor confidence.
Key Index Performance
| Index | Closing Value | Change (Points) | Change (%) |
| Sensex | 84,467 | $\uparrow 595$ | $0.71\%$ |
| Nifty | 25,876 | $\uparrow 181$ | $0.70\%$ |
| Mid-Cap Index (BSE) | – | $\uparrow > 0.4\%$ | – |
| Small-Cap Index (BSE) | – | $\uparrow \approx 0.8\%$ | – |
Key Drivers of the Market Rally
The market gains were driven by a confluence of positive global and domestic cues:
- Global Optimism: Renewed risk appetite in global markets driven by:
- Optimism over the anticipated resolution of the US government shutdown impasse, which lifted global sentiment.
- Growing expectations of Federal Reserve interest rate cuts amid signs of a cooling US labour market, benefiting interest-rate-sensitive sectors.
- Sector-Specific Triggers: Strong performance in the IT sector, supported by:
- Optimism over a possible India-US trade deal, which is positive for IT companies that derive significant revenue from the US.
- Renewed buying interest in large-cap IT stocks following a period of consolidation.
- Domestic Fundamentals:
- Supportive domestic macro fundamentals including easing inflation and a strong GDP outlook.
- Healthy expectations for the second half (H2) corporate earnings.
- Continued institutional buying, with Domestic Institutional Investors (DIIs) being net buyers despite Foreign Institutional Investors (FIIs) selling on the previous day.
Sectoral Performance (BSE)
18 out of 21 sectors on the BSE ended in positive territory, demonstrating the widespread nature of the rally.
| Leading Gainers | Rise (%) | Key Reason(s) |
| Focused IT | $\approx 2.0\%$ | Strong global demand outlook, US-India trade deal optimism, and expectations of Fed rate cuts. |
| IT | $\approx 2.0\%$ | Global cues and renewed buying interest. |
| Consumer Durables | $\approx 1.9\%$ | Strong domestic consumption outlook, rising disposable incomes, and the ongoing festive season sentiment. |
| Teck | $\approx 1.8\%$ | Technology-related stocks benefiting from the IT sector rally. |
| Marginal Decliners | Dip (%) | Possible Reason(s) |
| Realty | $0.5\%$ | Potential profit-booking or sector-specific concerns despite overall market buoyancy. |
| Utilities | Marginally | Sector rotation or stock-specific pressures. |
| Metal | Marginally | Tata Steel, a major metal company, was among the top Sensex laggards, indicating sector-specific weakness. |
Top Stock Movers (Sensex Pack)
| Top Gainers | Rise (%) | Top Laggards | Dip (%) |
| Asian Paints | $\approx 4.5\%$ | Tata Steel | $1.3\%$ |
| Tech Mahindra | $> 3.3\%$ | Tata Motors PV Ltd. | $1.3\%$ |
| Tata Consultancy Services (TCS) | $> 2.7\%$ | Tata Motors CV Ltd. | $\approx 0.8\%$ |
| – | – | Bharat Electronics Ltd (BEL) | $> 0.6\%$ |
Market Breadth
The overall market breadth remained positive, as advancing stocks significantly outnumbered declining ones, confirming the broad-based participation in the rally:
- Advanced: 2,509 companies
- Declined: 1,701 companies
- Unchanged: 163 companies
Would you like a summary of the reasons why the Tata Group stocks were among the top laggards despite the general market rally?