Indian Equity Indices End Higher for Second Day, NIFTY50 Near 25,700
Indian equity benchmark indices closed higher for the second consecutive day on Tuesday, driven by strong gains in IT and auto stocks. The S&P BSE SENSEX rose 0.40%, while the NSE's NIFTY50 gained 0.47%. The Nifty IT and Auto indices were the major contributors to the market's recovery.
Real Estate News:The Indian equity benchmark indices ended higher for the second consecutive day on Tuesday, November 11, after a volatile session, supported by strong gains in IT and auto stocks amid mixed global cues. At close, the S&P BSE SENSEX stood at the 83,871.32 level, rising 335.97 points, or 0.40%, while the NSE's NIFTY50 index gained 120.60 points, or 0.47%, to close at the 25,694.95 level.
The NIFTY50 index rebounded 246 points from its intraday low of 25,449.25, while the SENSEX recovered 747 points from the day’s low of 83,124.03. The Nifty IT index, driven by gains in Persistent Systems (2.89%), Coforge (2.29%), and HCL Technologies (2.01%), staged a strong rally that helped the 50-share index recover from its early losses.
Meanwhile, the surge in the Nifty Auto index was driven by Bharat Forge, which rose 5.62% following its second-quarter results. Motherson Sumi (↑3.17%) and Ashok Leyland (↑2.68%) also added strength to the index. According to exchange data, on Monday, the foreign institutional investors (FIIs) sold shares worth ₹4,114.85 crore, while the domestic institutional investors (DIIs) bought equities worth ₹5,805.26 crore on a net basis.
On the global front, Asian markets ended mostly mixed on Tuesday as the recent rally driven by gains in technology stocks lost momentum. Investors also showed little reaction to the latest development in the US, where the Senate passed legislation to reopen the government and avert a shutdown. Japan's Nikkei fell 0.53%, Singapore's Straits Times advanced 1.2%, Hong Kong's Hang Seng rose 0.2%, and South Korea's KOSPI increased 0.81%. The Shanghai Composite slipped 0.40%.
On Wall Street, US stocks ended higher on Monday on the back of renewed buying interest in AI-related stocks and growing optimism that the historic US government shutdown could end soon. The S&P 500 advanced 1.54%, the Dow Jones Industrial Average gained 0.81%, and the tech-heavy Nasdaq jumped 2.27%.
Here are the key developments of Tuesday’s session that you need to know:
Market statistics: As many as 3,203 stocks traded on the NSE on Tuesday. Out of this, 1,561 advanced and 1,562 declined, while 80 scrips remained unchanged. A total of 59 stocks hit their 52-week highs, while 146 stocks touched their one-year lows. Besides, 75 stocks hit their upper circuit limits, and 76 touched their lower circuit bands on Tuesday. NSE-listed firms' market capitalisation stood at ₹466.65 lakh crore at the end of the session. The volatility index India VIX rose 1.54% to close at 12.49 levels.
Broader market: The broader market, however, ended mixed, with the NIFTY Midcap 100 index advancing 0.5%, ending at 60,427 levels, while the NIFTY Smallcap 100 gauge settled 0.21% lower at 18,101.40 levels.
Sectoral update: Among sectors, Nifty IT (1.2%), Nifty Auto (1.07%), Nifty Metal (0.71%), Nifty Oil & Gas (0.59%), and Nifty Private Bank (0.36%) were the major gainers. Meanwhile, Nifty PSU Bank (-0.39%), Nifty Realty (-0.16%), Nifty Pharma (-0.05%), and Nifty Consumer Durables (-0.05%) ended in the red.
Top gainers and losers: On Tuesday, 40 stocks advanced on the NIFTY50 index, while 10 settled in red. IndiGo parent InterGlobe Aviation was the top gaining stock, climbing 3.55%, followed by Bharat Electronics (2.39%), Mahindra & Mahindra (2.22%), Adani Ports (2.02%) and HCL Technologies (2.01%). On the flip side, Bajaj Finance (-7%), Bajaj Finserv (-5.92%), ONGC (-0.60%), Tata Motors Passenger Vehicles (-0.57%) and Kotak Mahindra Bank (-0.22%) were the top losers on the 50-share index.
Frequently Asked Questions
What were the major gainers in the Nifty IT index?
The major gainers in the Nifty IT index were Persistent Systems (2.89%), Coforge (2.29%), and HCL Technologies (2.01%).
How did the broader market perform on Tuesday?
The broader market ended mixed, with the NIFTY Midcap 100 index advancing 0.5% and the NIFTY Smallcap 100 gauge settling 0.21% lower.
Which sectors were the major gainers?
The major gainers were Nifty IT (1.2%), Nifty Auto (1.07%), Nifty Metal (0.71%), Nifty Oil & Gas (0.59%), and Nifty Private Bank (0.36%).
What was the performance of the S&P 500 on Monday?
The S&P 500 advanced 1.54% on Monday, driven by renewed buying interest in AI-related stocks and growing optimism about the US government shutdown.
Which stock was the top gainer on the NIFTY50 index on Tuesday?
IndiGo parent InterGlobe Aviation was the top gainer on the NIFTY50 index, climbing 3.55%.