Market Rally Extends for Another Session; Sensex Climbs 336 Points, Nifty Near 25,700
Stock Market Extends Gains: Nifty Near 25,700, Sensex Jumps 336 Points on Global Optimism
| Index | Price | Change | % Chg |
| Nifty 50 | 25,694.95 | 120.60 | +0.47% |
| Nifty Bank | 58,138.15 | 200.60 | +0.35% |
| Nifty Financial | 27,279.30 | 25.75 | -0.09% |
| BSE SENSEX | 83,871.32 | 335.97 | +0.40% |
Indian equity markets continued their winning streak for the second consecutive session on November 11, buoyed by global optimism over a potential India-US trade deal and easing concerns around the US government shutdown. The benchmark Nifty 50 closed near the 25,700 mark, while the Sensex surged 336 points, driven by buying in auto, IT, and metal stocks.
At the close, the Nifty 50 settled at 25,694.95, up 0.47%, while the BSE Sensex advanced 0.40% to finish at 83,871.32. The Bank Nifty, however, remained under pressure, ending down 0.35% at 58,138.15 after a volatile session.
The markets started in the red, tracking mixed global cues and weak early momentum, but recovered sharply in the afternoon session amid renewed buying in large-cap stocks.
The day’s movement was marked by high volatility, with the Nifty slipping below 25,500 in early trade before staging a robust comeback in the second half. The rally was fueled by gains in technology, auto, telecom, and metal sectors, even as some selling pressure persisted in financial and healthcare counters.
Broader indices underperformed the benchmarks — the BSE Midcap and Smallcap indices ended flat, reflecting selective participation by investors.
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Among the top performers on the Nifty 50, key gainers included InterGlobe Aviation (+3.55%), Bharat Electronics (+2.39%), Mahindra & Mahindra (+2.22%), Adani Ports (+2.02%), and HCL Technologies (+2.01%).
On the downside, Bajaj Finance (-7.00%), Bajaj Finserv (-5.92%), ONGC (-0.60%), Tata Motors DVR (-0.57%), and Kotak Mahindra Bank (-0.22%) were the major laggards.
Sector-wise, the IT (+1.20%), Auto (+1.07%), Metal (+0.71%), and Oil & Gas (+0.59%) sectors led the market, while Realty (-0.16%), Pharma (-0.05%), and Consumer Durables (-0.05%) lagged behind.
A host of stock-specific actions dominated market movements:
Bajaj Finance plunged 7% after disappointing Q2 earnings and rising asset quality concerns.
Vodafone Idea rallied 8% as Q2 losses narrowed, renewing investor confidence in its turnaround efforts.
Ather Energy surged 7% after reporting reduced losses for Q2 FY26.
Gokaldas Exports rose 5% amid reports of a potential India-US trade deal boosting export prospects.
Swan Defence jumped 5% after signing a Letter of Intent (LoI) with Rederiet Stenersen AS.
Atul Auto surged 9% after posting a 70% jump in Q2 net profit.
Hindustan Copper advanced 6% after reporting an 82% rise in Q2 profit.
Britannia Industries, however, slipped 3% following the resignation of its MD and CEO.
More than 100 BSE-listed stocks hit their 52-week highs, including BHEL, Bharat Forge, NALCO, Muthoot Finance, Shriram Finance, Asahi India, Hitachi Energy, and MCX India, indicating continued optimism in select mid-cap counters.
On the technical front, the Nifty 50 formed a long bullish candle with a strong lower shadow on the daily chart, indicating sustained buying at lower levels. Analysts noted that this pattern reflects continuation of upside momentum despite volatility.
According to market experts, the index’s short-term trend remains positive, with potential upside targets of 26,000–26,100 in the coming week. Immediate support is seen around 25,500, and sustaining above the 20-day exponential moving average (DEMA) of 25,600 could pave the way for further gains.
“The recovery from intraday lows near 25,450 levels shows strong resilience in the market,” said an analyst at HDFC Securities. “As long as Nifty sustains above 25,600, we expect the bullish momentum to continue toward 26,000.”
However, analysts advised traders to adopt a stock-specific strategy, focusing on high-quality names in the IT, auto, and metals segments while maintaining strict stop losses amid prevailing volatility.
In the currency market, the Indian Rupee snapped its two-day losing streak to close 13 paise higher at 88.56 per dollar, supported by optimism surrounding the India-US trade agreement.
US President Donald Trump hinted that both nations are “nearing a new trade agreement” that could include tariff relief measures. This development boosted market sentiment and strengthened the Rupee, which has now gained 0.23% this month despite being down 3.45% for the year.
Experts believe that the RBI’s steady interventions and improved domestic sentiment have prevented sharper depreciation.
“The Rupee remains stable as the RBI continues to manage volatility while global risk appetite improves,” said Amit Pabari, Managing Director at CR Forex Advisors.
Global cues were largely positive, as the US Senate’s approval of a temporary funding measure helped avert a prolonged government shutdown, supporting investor sentiment worldwide.
In the commodities space, crude oil prices steadied amid balanced supply expectations. Brent crude was up 0.44% at $64.37 per barrel, while WTI crude gained 0.38% to $60.37 per barrel as of 3:45 PM IST.
The India VIX, a measure of market volatility, inched up 1.54% to 12.49, suggesting mild caution among traders ahead of key economic data releases.
With Nifty closing near 25,700 and reclaiming key support levels, analysts believe the uptrend remains intact. Stable global cues, strong FII inflows, and sectoral rotation into cyclicals and defensives could sustain momentum.
However, given the ongoing earnings season and mixed global economic signals, markets may see short-term consolidation before a decisive breakout toward 26,000–26,100 levels.
For now, traders are advised to stay selectively bullish, focusing on sectors like IT, auto, and metals, while monitoring banking and financial stocks for cues on broader market direction.
Why did the Nifty and Sensex rise on November 11, 2025, despite global uncertainty?
The Nifty and Sensex gained due to improved global sentiment following progress on the US shutdown bill and optimism around a potential India-US trade deal. Strong buying in IT, auto, and metal stocks also supported the market’s upward momentum.
What are the key sectors driving the recent rally in the Indian stock market?
The IT, auto, telecom, oil & gas, and metal sectors have led the market rally, while financials, healthcare, and realty stocks remained subdued amid rotational buying across cyclical sectors.
What is the short-term outlook for Nifty after closing near 25,700 levels?
Analysts expect Nifty to maintain its positive bias as long as it holds above the 25,500 support level. The next upside targets are seen around 26,000–26,100, supported by strength in heavyweights like M&M, HCL Tech, and Adani Ports.
How did Bajaj Finance’s Q2 results impact the broader market sentiment?
Bajaj Finance shares dropped 7% after weaker-than-expected Q2 earnings and asset quality concerns. The fall weighed on financial indices but was offset by gains in IT, auto, and telecom sectors, keeping the Nifty in green.
How is the Indian Rupee performing against the US Dollar amid trade deal optimism?
The Indian Rupee strengthened by 13 paise to close at 88.56 per dollar, snapping a two-day losing streak. Positive cues from ongoing India-US trade talks and RBI’s active intervention helped stabilize the currency.
What technical indicators suggest Nifty’s trend remains bullish?
The formation of a long bullish candle with a lower shadow on the daily chart and the Nifty reclaiming its 20-day exponential moving average (DEMA) signal continued bullish momentum toward 26,000 levels.
Which stocks hit their 52-week highs on November 11, and what does it indicate?
Over 100 stocks, including BHEL, Bharat Forge, Muthoot Finance, and MCX India, touched their 52-week highs, signaling strong market breadth and investor confidence across midcap and large-cap segments.
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