Closing Bell: Nifty, Sensex Extend Winning Streak to 3rd Consecutive Trading Sessions; Realty Stocks Surge 4.51%

Market Update at 04:10 PM: Indian equity markets ended Thursday's session in positive territory, extending their winning streak to three consecutive trading sessions despite considerable Intraday volatility. Gains in realty and financial stocks helped offset selling pressure in select heavyweight shares, supporting the benchmark indices.

The Nifty 50 closed at 25,299.35, advancing 44.30 points or 0.18 per cent, while the Sensex settled at 81,911.01, gaining 31.61 points or 0.04 per cent. The Nifty opened lower at 25,213.50 against its previous close of 25,255.05. However, buying interest lifted the index to an intraday high of 25,384.80 before profit booking trimmed gains towards the end of the session.

Renewed participation from foreign institutional investors (FIIs) continued to support market sentiment. On November 11, FIIs recorded net purchases worth Rs 12,563.33 crore, while domestic institutional investors (DIIs) remained net sellers, offloading equities worth Rs 8,434.53 crore. Foreign portfolio investments during November reached approximately USD 6.43 billion, marking the strongest monthly inflow since September 2024. The return of overseas capital has helped improve investor confidence following the selling pressure witnessed in previous months.

Movement in international crude oil prices also influenced domestic market sentiment. Brent crude futures declined more than 1 per cent to around USD 91.80 per barrel during early trading on Thursday. Expectations of progress in geopolitical negotiations involving the Middle East and the Russia-Ukraine conflict contributed to the weakness in oil prices.

Sectoral performance remained mixed, with realty and financial stocks leading the gains. Nifty Realty emerged as the strongest sectoral index, surging 4.51 per cent, followed by Nifty Media, which advanced 2.46 per cent. Banking stocks also witnessed healthy buying interest, with Nifty PSU Bank gaining 1.51 per cent. Nifty Financial Services rose 1.42 per cent, while Nifty Bank advanced 1.19 per cent. Nifty Mid Select also ended higher, gaining 0.91 per cent.

On the other hand, automobile stocks faced the highest selling pressure, with Nifty Auto declining 1.02 per cent. Nifty FMCG fell 0.74 per cent, while Nifty Energy and Nifty IT slipped 0.42 per cent and 0.41 per cent, respectively. Pharmaceutical stocks also remained subdued, with Nifty Pharma declining 0.35 per cent, while Nifty Metal recorded a marginal loss of 0.11 per cent.

The broader market outperformed the frontline benchmark indices. The Nifty Smallcap 100 advanced 1.12 per cent, while the Nifty Midcap 100 gained 0.85 per cent, indicating stronger buying interest in midcap and smallcap stocks compared with the benchmark indices.

Meanwhile, the Indian rupee witnessed a volatile session on Thursday, November 12, 2026, amid a strengthening U.S. dollar and continued demand for the American currency. The rupee opened near Rs 93.73 against the U.S. dollar and weakened to Rs 93.77 during early trading, compared with Wednesday's reported close of Rs 93.71. However, sustained foreign institutional inflows and declining crude oil prices provided some support to the domestic currency.

European equity markets traded higher on Thursday, November 12, 2026, supported by positive investor sentiment across major indices. Germany's DAX led the gains, rising 297.43 points or 1.12 per cent to 26,939.50. France's CAC 40 advanced 65.44 points or 0.79 per cent to 8,398.31, while the UK's FTSE 100 gained 35.21 points or 0.32 per cent to trade at 10,870.68. All three indices remained in positive territory as trading continued.

Meanwhile, U.S. stock index futures traded mixed on Thursday, November 12, 2026, indicating cautious sentiment ahead of the Wall Street session. Dow Jones futures edged higher by 62 points or 0.12 per cent to 52,640, while S&P 500 futures declined 25.75 points or 0.34 per cent to 7,614.75. Nasdaq 100 futures fell 199.75 points or 0.70 per cent to 28,273.50, indicating relatively stronger selling pressure in technology stocks.

Market Update at 02:10 PM: The Nifty 50 and the Sensex traded in a narrow range, swinging between gains and losses during the session. Selling pressure in IT, FMCG and auto shares weighed on the benchmark indices.

As of 2:00 PM, the BSE Sensex rose 65.07 points, or 0.08 per cent, to 81,944.47, while the Nifty 50 gained 16.95 points, or 0.07 per cent, to 25,272.

Among the Nifty 50 constituents, Bajaj Finance, Shriram Finance and Bajaj Finserv emerged as the Top Gainers.

In the broader markets, buying interest remained stronger, with the Nifty MidCap 100 rising 0.66 per cent and the Nifty SmallCap 100 advancing 1.01 per cent.

Sector-wise, Nifty FMCG, Nifty IT and Nifty Auto were the biggest laggards, while Nifty Realty outperformed the broader market.

Market Update at 12:10: The Nifty 50 and the Sensex were trading in a narrow range, swinging between gains and losses during the session. Selling pressure in IT, FMCG and auto shares weighed on the benchmark indices.

As of 12:00 PM, the BSE Sensex gained 89.74 points or 0.11 per cent to trade at 81,969.14, while the Nifty 50 rose 14.55 points or 0.06 per cent to 25,269.60.

Among the Nifty 50 constituents, Bajaj Finance, Shriram Finance and Bajaj Finserv emerged as the top gainers.

In the broader markets, the Nifty MidCap index advanced 0.11 per cent, while the Nifty SmallCap index outperformed with a gain of 0.72 per cent.

Sectorally, Nifty FMCG, Nifty IT and Nifty Auto were the biggest laggards, while Nifty Realty emerged as the best-performing sector.

Market Update at 09:30 AM: The Indian equity markets traded in a narrow range on Thursday as investors assessed global cues. The benchmark indices remained marginally higher in early trade, with buying interest in select financial stocks supporting the market.

As of 9:20 AM, the BSE Sensex rose 214.68 points or 0.26 per cent to 82,094.08, while the Nifty 50 gained 39.95 points or 0.16 per cent to 25,295.00.

Among the Nifty 50 constituents, Bajaj Finance, Shriram Finance and Bajaj Finserv emerged as the top gainers, providing support to the benchmark index.

In the broader markets, buying interest remained positive, with the Nifty MidCap index rising 0.11 per cent and the Nifty SmallCap index advancing 0.72 per cent.

Sectorally, Nifty Pharma, Nifty IT and Nifty Auto were the top laggards, while Nifty Media outperformed other sectoral indices.

Pre-Market Update at 7:40 AM: GIFT Nifty indicated a muted opening for domestic equities on November 12. At 25,238.50 as of 7:01 AM IST, it was 16.55 points below the previous Nifty 50 closing level of 25,255.05.

The indication comes after a strong domestic market session on November 11, when the Nifty 50 gained 210.40 points, or 0.84 per cent, while the Sensex advanced 772.75 points, or 0.95 per cent. Strong foreign portfolio investor (FPI) inflows, a busy corporate earnings calendar and movements in crude oil prices are likely to remain key factors for the market.

Several companies, including Hindustan Aeronautics, Oil India, NMDC, Vodafone Idea, Ola Electric Mobility, Alkem Laboratories, Amber Enterprises, Manappuram Finance, Bharat Dynamics, Page Industries, Rail Vikas Nigam and IRCTC, are scheduled to announce their September-quarter results today. Their earnings could trigger stock-specific action across Defence, oil and gas, telecom, metals, consumer discretionary, Railways, hospitality and industrials. Investors will track updates on demand, order execution and margins.

Foreign institutional buying remained strong on November 11, with FPIs purchasing Indian equities worth Rs 12,563.33 crore. However, domestic institutional investors (DIIs) were net sellers worth Rs 8,434.53 crore. The divergence between foreign buying and domestic selling will remain an important market indicator following the previous session's gains. Meanwhile, India VIX increased 0.75 per cent to 17.55, indicating a modest rise in expected market volatility.

Crude oil prices remained below their recent levels in early trade on November 12. Brent crude traded at USD 91.85 per barrel, down 0.65 per cent, while West Texas Intermediate (WTI) crude declined 0.86 per cent to USD 86.13 per barrel as of 7:02 AM IST. Crude oil movements remain important for India because of its dependence on imports. Changes in prices can influence the country's import bill and inflation outlook, while also affecting sectors such as oil marketing, airlines, paints, chemicals, Logistics and upstream energy.

Global markets offered a largely positive but mixed set of cues. U.S. equities closed higher in the previous session, with the Nasdaq gaining 1.60 per cent to 25,466.19, the S&P 500 advancing 1.31 per cent to 7,619.38 and the Dow Jones Industrial Average rising 0.49 per cent to 52,486.49. The strength in U.S. markets provides a constructive global reference point, although GIFT Nifty indicates a relatively subdued domestic opening.

Asian markets were mixed in early trade on November 12. Japan's Nikkei advanced 0.19 per cent, while the Shanghai Composite gained 0.46 per cent. Hong Kong's Hang Seng declined 0.98 per cent. Meanwhile, European markets had ended the previous session higher, with Germany's DAX rising 1.20 per cent, the FTSE 100 gaining 0.78 per cent and France's CAC 40 advancing 0.66 per cent.

In the commodities market, gold gained 0.13 per cent to USD 3,992.49, while silver rose 0.15 per cent to USD 51.73. The Dollar Index was marginally lower at 102.867, while the Indian rupee traded around Rs 93.68 against the U.S. dollar, unchanged from its previous level. The U.S. 10-year Treasury yield stood at 4.994 per cent, up 0.004 percentage points. Movements in Treasury yields will remain important for assessing global risk appetite and equity valuations.

In the previous trading session on November 11, the Nifty 50 closed at 25,255.05, gaining 210.40 points or 0.84 per cent. The index touched an intraday high of 25,424.35 and a low of 25,095.35. The Sensex settled at 81,879.40, up 772.75 points or 0.95 per cent, after touching an intraday high of 82,520.40 and a low of 81,417.39.

Among individual stocks, Tata Power Company reported a 32.7 per cent year-on-year (YoY) increase in consolidated Q2 FY27 net profit to Rs 1,652.04 crore. Revenue from operations grew 26.3 per cent to Rs 19,635.94 crore, while EBITDA increased 5.3 per cent to Rs 4,245 crore. The company's board also approved an investment of Rs 11,871 crore for its 1,800 MW Shirwata pumped-storage project in Maharashtra. Tata Power said 75 per cent of the project would be debt-funded, with the remaining amount financed through equity. The company also expects Construction at its Odisha ingot-wafer plant to begin this month, with production targeted from March 2028.

Bajaj Finance launched a qualified institutional placement (QIP) of up to Rs 11,700 crore. The indicative issue price is Rs 1,025 per share, compared with the November 11 NSE closing price of Rs 1,078.80. The Sebi floor price has been set at Rs 992.25 per share. The proposed issue could dilute pre-issue equity by up to 1.8 per cent. The company plans to use the proceeds towards repayment of borrowings and general corporate purposes. This development follows the allotment of Rs 5,800 crore worth of warrants to promoter Bajaj Finserv on November 10.

Hindustan Copper reported a 179 per cent YoY increase in standalone Q2 net profit to Rs 519.54 crore, while revenue rose 64 per cent to Rs 1,175.24 crore. For the first half of the financial year, profit after Tax increased 172 per cent to Rs 872.15 crore. EBITDA margin expanded to 60 per cent from 42 per cent a year earlier. The company attributed the improvement to higher sales volumes, stronger copper prices and productivity gains.

Garden Reach Shipbuilders & Engineers reported an 8.9 per cent YoY increase in standalone Q2 revenue to Rs 1,826 crore. Net profit grew 11.8 per cent to Rs 171 crore, while gross profit increased 25.6 per cent to Rs 181 crore. Investors will track the quarterly performance for further indications of execution trends in the defence shipbuilding segment.

Mishra Dhatu Nigam reported a 41.1 per cent YoY rise in consolidated Q2 revenue to approximately Rs 296 crore. Net profit increased around 115 per cent to Rs 28 crore, while gross profit grew approximately 106 per cent to Rs 33 crore. The results provide a fresh trigger for the speciality metals and defence-linked public sector company.

Triveni Turbine reported weaker consolidated Q2 FY27 performance. Revenue declined approximately 3 per cent YoY to Rs 491 crore, while net profit fell around 41 per cent to Rs 53 crore from Rs 91 crore. Gross profit also declined approximately 49 per cent to Rs 54 crore, putting the focus on profitability and execution trends in its industrial equipment business.

Aurobindo Pharma said the U.S. Food and Drug Administration (FDA) classified the inspection outcome at Lannett Company LLC's Seymour facility as Official Action Indicated (OAI). The inspection was conducted between August 17 and August 21, 2026, and resulted in four observations. The regulatory classification will be monitored as it relates to a U.S.-facing subsidiary facility and could have implications for manufacturing continuity, product approvals and compliance costs.

Overall, domestic markets are likely to take cues from the ongoing September-quarter earnings season, foreign institutional activity, crude oil movements and global market trends. Despite strong gains in the previous session and positive U.S. market cues, GIFT Nifty points to a muted start, keeping stock-specific developments in focus.

Disclaimer: The article is for informational purposes only and not investment advice.

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