| The key equity benchmarks traded with modest gains in early trade, supported by softer crude oil prices, raising hopes of a potential de-escalation in the Iran conflict. The Nifty traded above the 25,300 level.
Media, consumer durables and private bank shares advanced while pharma, IT and auto shares declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 201.88 points or 0.23% to 82,074.13. The Nifty 50 index rose 60.25 points or 0.25% to 25,319.30.
In the broader market, the Nifty MidCap 150 Index rose 0.35% and the Nifty SmallCap 250 Index added 1%.
The market breadth was strong. On the BSE, 2,159 shares rose and 750 shares fell. A total of 98 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 12,563.33 crore, while domestic institutional investors (DIIs) were net sellers of Rs 8,434.53 crore in the Indian equity market 11 November 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.10% to 7.224 compared with the previous session close of 7.224.
In the foreign exchange market, the rupee remains unchanged against the dollar. The partially convertible rupee was hovering at 93.7150 compared with its close of 93.7150 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement shed 0.38% to Rs 1,39,190.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.10% to 103.01.
The United States 10-year bond yield declined 0.42% to 4.983.
In the commodities market, Brent crude for December 2026 settlement declined $1.02 or 1.10% to $91.74 a barrel amid hopes of progress in negotiations to end the Iran conflict and the Russia-Ukraine war.
Stocks in Spotlight:
Mishra Dhatu Nigam advanced 1.98% after the company reported a 114.8% increase in consolidated net profit to Rs 27.8 crore in Q2 FY27 from Rs 13 crore in Q2 FY26. Revenue from operations increased 41.1% to Rs 295.9 crore from Rs 209.7 crore.
Triveni Turbine shed 0.08%. The company reported a 41.6% decline in consolidated net profit to Rs 53.3 crore in Q2 FY27 from Rs 91.2 crore in Q2 FY26. Revenue from operations declined 3% to Rs 491 crore from Rs 506.2 crore.
DCX Systems surged 11.06% after the company reported a consolidated net loss of Rs 0.25 crore in Q2 FY27 as against a net loss of Rs 9.04 crore in Q2 FY26. Revenue from operations declined 27.3% to Rs 140.2 crore from Rs 192.9 crore.
Global Market:
Dow futures rose 88 points, signalling a positive opening for US stocks.
Most Asian shares advanced on Thursday as investors assessed renewed uncertainty surrounding Nvidia's leadership and persistent concerns over higher US interest rates.
The regional technology sector remained in focus following Wednesday's recovery in US semiconductor stocks. However, renewed uncertainty over Nvidia's leadership weighed on sentiment. The company's shares fell more than 8% in after-hours trading following reports that its board was considering the future of chief executive Jensen Huang. The reports cited allegations concerning his personal associations, which have not been independently established.
Japan reported an acceleration in wholesale inflation. The corporate goods price index rose 7.1% year-on-year in October, compared with 6.8% in September and market expectations of 6.5%. Higher fuel, chemical and semiconductor prices contributed to the increase. The data strengthened expectations of another Bank of Japan rate increase.
US stocks rallied on Wednesday, 11 November 2026, as a recovery in artificial intelligence and semiconductor shares helped offset concerns over higher interest rates.
The Dow Jones Industrial Average advanced 254.60 points or 0.49% to 52,486.49. The S&P 500 gained 98.45 points or 1.31% to 7,619.38, while the Nasdaq Composite jumped 400.31 points or 1.60% to 25,466.19.
Technology stocks led the advance. The Philadelphia Semiconductor Index surged 5.7%, with all its components ending higher. The S&P 500 technology sector gained 2.7%. The CBOE Volatility Index declined for a fourth consecutive session to 17.49.
CoreWeave surged 24.7% after its third-quarter results and improved financial outlook eased concerns about the sustainability of AI infrastructure spending. The company reported revenue of $3.66 billion, up 168% year-on-year, while adjusted EBITDA increased to $2.26 billion from $838 million.
The company raised its FY26 revenue guidance to $13 billion-$13.3 billion from its previous range. It also increased its adjusted operating income guidance to $1.275 billion-$1.375 billion. CoreWeave said it expected to achieve adjusted profitability in the first half of 2028.
Other AI-linked stocks also advanced. Nebius Group jumped 15.4%, while Applied Digital gained 7.4%. The strong performance reflected renewed investor interest in AI infrastructure companies following concerns over high capital expenditure and debt-funded expansion.
Anthropic's proposed public listing also remained in focus. The artificial intelligence company is targeting a valuation of up to $1.4 trillion and could raise as much as $64.4 billion through its share offering. The proposed listing is expected to test investor appetite for large AI-related offerings. |