Wednesday, 11 November 2026. The Nifty 50 rose 210.40 points (0.84%) to 25,255.05 on the first session after Tuesday's holiday, with carmakers and banks leading a rise that HDFC Sky, DSIJ and 5paisa put down to foreign buying and Brent crude's slide to a two-month low; Mahindra & Mahindra jumped 5.30% and the Nifty PSU Bank index 2.94%. The Sensex gained 772.75 points, and The Week reported that both indices closed at their highest since February. The overnight backdrop is in this morning's pre-market report.
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 25,255.05 | +210.40 pts (+0.84%) |
| Sensex | 81,879.40 | +772.75 pts (+0.95%) |
| Bank Nifty | 60,792.40 | +1,051.15 pts (+1.76%) |
| Nifty Midcap 100 | 61,519.10 | +496.55 pts (+0.81%) |
| Nifty Smallcap 100 | 19,489.35 | +304.30 pts (+1.59%) |
| India VIX | 17.56 | +0.14 (+0.80%) |
Changes are against Monday's close; Tuesday was a market holiday. Advancing shares outnumbered declining ones by 2,756 to 1,555, with 162 unchanged, HDFC Sky reported.
Foreign money and a $89 Brent
HDFC Sky, DSIJ and 5paisa all pointed to the same two things. Foreign portfolio investors have bought $5.68 billion of Indian shares so far in November, their biggest monthly buying since September 2024, after selling through October. And Brent crude touched $89.16 a barrel on Tuesday, a two-month low, as concern over further US-Iran escalation eased, which those reports said took pressure off India's import bill and the rupee.
Oil did not stay there. Brent was at $93.20 on Wednesday evening, up $1.71 (1.87%), Trading Economics reported, after Iran's security chief said Tehran would block any enriched nuclear material from leaving the country and shipping risk in the Strait of Hormuz persisted. The rupee closed at 93.69 to the dollar from 93.93, according to 5paisa, after touching 93.635, its strongest level since April.
Foreign buying has come with a sharp run in the index: the Nifty is up 2,201.95 points (9.55%) since its 30 October close of 23,053.10. The overseas lead was negative. Wall Street fell on Tuesday after US consumer prices rose 0.4% in October, more than forecast.
Mahindra & Mahindra, and a 129-point finish
M&M closed at ₹3,465, up 5.30%, the biggest gain in the Nifty 50; DSIJ calculated that it alone added 34.15 points to the index. None of the reports I read gave a company-specific reason for Wednesday's move; its September-quarter results came out on 5 November.
More than a quarter of that gain was set after 3:15 PM. M&M's last trade in the continuous session was at ₹3,417, up 3.84%, and the most it traded at in that session was ₹3,449. The closing auction then fixed its close at ₹3,465. The Nifty itself stood at 25,125.80 at 3:15 PM, up only 81.15 points, before the official close of 25,255.05 added 129.25 more. That was the biggest such step in the 30 sessions I have measured, which are counted in how far the Nifty moves after 3:15 PM.
The rest of the auto group rose with it. The Nifty Auto index gained 2.14% to 28,523.30, with Maruti Suzuki up 1.99% at ₹13,185, Tata Motors Passenger Vehicles 1.44% at ₹299.25 and Bajaj Auto 0.56% at ₹11,040; Eicher Motors slipped 0.48% to ₹7,592. The Week linked the buying to festival-season sales and the easing in US-Iran tension, without giving sales figures.
State banks lead, ICICI Bank lags
Bank Nifty rose 1,051.15 points to 60,792.40 after touching 61,394.30 during the day; the close was 972.45 points below its 52-week high of 61,764.85. The state-owned lenders led: the PSU Bank index rose 2.94% to 9,167.20 and SBI 1.84% to ₹1,061.20, after reaching ₹1,077.95. Among private banks, Axis Bank added 1.96% to ₹1,336.40, Kotak Mahindra Bank 1.71% to ₹487.70 and HDFC Bank 1.06% to ₹806.60.
ICICI Bank went the other way. It opened at its high of ₹1,616 and closed 1.10% lower at ₹1,571.60, taking 27.35 points off the Nifty by DSIJ's count, the largest drag of any stock. I found no reported reason.
Gainers and laggards in the Nifty 50
| Nifty 50 stock | Close | Change |
|---|---|---|
| Mahindra & Mahindra | ₹3,465.00 | +5.30% |
| InterGlobe Aviation | ₹5,665.00 | +4.33% |
| Trent | ₹3,222.70 | +3.32% |
| Tata Steel | ₹189.28 | +2.40% |
| Power Grid | ₹263.75 | +2.25% |
| ITC | ₹285.00 | +2.22% |
| Titan | ₹4,970.00 | −0.70% |
| Nestle India | ₹1,288.00 | −0.76% |
| HCLTech | ₹1,395.00 | −0.85% |
| Tech Mahindra | ₹1,788.50 | −0.91% |
| ICICI Bank | ₹1,571.60 | −1.10% |
| Adani Ports | ₹1,907.00 | −1.84% |
No report I read gave a reason for the 4.33% rise in InterGlobe Aviation, which runs IndiGo. Adani Ports opened at its high of ₹1,979 and closed at ₹1,907; DSIJ put its cost to the index at 6.12 points, again without a stated reason. Tata Steel rose 2.40% to ₹189.28.
| Nifty index | Close | Change |
|---|---|---|
| PSU Bank | 9,167.20 | +2.94% |
| Auto | 28,523.30 | +2.14% |
| FMCG | 47,188.55 | +1.13% |
| Energy | 37,548.05 | +1.03% |
| Financial Services | 27,663.40 | +1.02% |
| Metal | 12,786.15 | +0.96% |
| Media | 1,719.00 | +0.69% |
| Pharma | 28,776.45 | −0.41% |
| Realty | 893.95 | −0.42% |
| IT | 32,295.60 | −0.53% |
IT was the weakest group, losing 173.30 points after trading as low as 32,067.75. TCS slipped 0.13% to ₹2,472.10 and Wipro 0.51% to ₹197.99.
An early high, an afternoon slide
The Nifty opened at 25,337.80, 293.15 points above Monday's close, and made its high of 25,424.35 in the 9:45 to 10:00 AM quarter-hour. It was still at 25,392.15 at noon, then eased through the afternoon and made its low of 25,095.35 in the 3:00 to 3:15 PM quarter-hour, the last of continuous trading. The day's range was 329.00 points, and the close sat 159.70 points above the low and 169.30 below the high. The Sensex ranged from 81,417.39 to 82,520.40. India VIX edged up 0.80% to 17.56.
Tata Power and IIFL Finance after hours and in the news
Tata Power's September-quarter numbers came out after the close; Upstox's report on them is timestamped 5:27 PM. Consolidated revenue from operations rose 26.32% to ₹19,636 crore from ₹15,545 crore, and net profit rose 48.6% to ₹1,366.11 crore from ₹919.44 crore, Upstox reported. The share will trade on them for the first time on Thursday. How a consolidated figure differs from the standalone one is covered in standalone vs consolidated results.
Outside the Nifty, IIFL Finance announced a preferential capital raise of ₹6,414 crore led by Blackstone, which is putting in ₹5,000 crore, DSIJ reported; The Week said the shares rose 6%.
Wednesday's flow figures are not out yet
Provisional FII and DII figures for Wednesday had not been published when I last checked 5paisa at 6:15 PM, and NSE's page did not load. On Monday, foreign institutions bought a net ₹7,212.20 crore in the cash market and domestic institutions sold a net ₹7,172.50 crore (how to read these figures). Wednesday's numbers will be in Thursday's pre-market report.
Thursday: October inflation and a heavy results list
- India CPI for October is due from the statistics ministry on Thursday, 12 November. September's reading was 5.54%; how retail and wholesale inflation differ is in WPI vs CPI.
- Results: Hindustan Aeronautics, Bharat Dynamics, NMDC, Oil India, Page Industries, Alkem Laboratories, Vodafone Idea, Manappuram Finance, Amber Enterprises and Hitachi Energy India are on MyAlgoMate's F&O results calendar for Thursday.
- Expiry and holidays: the next weekly Nifty expiry is Tuesday, 17 November. NSE is shut on Tuesday, 24 November, so the November monthly expiry is on Monday, 23 November.
Before Thursday's open I will be looking at Wednesday's provisional flows, the first trade in Tata Power on its results, and Brent after Wednesday's rebound to $93.20.
Sources
- Index, sector and stock closes, intraday highs and lows, 15-minute and hourly candles, M&M's last continuous trade, Bank Nifty's 52-week high: Zerodha Kite market data (NSE and BSE)
- Reasons for the move, foreign flows, Brent's low and breadth: HDFC Sky, DSIJ and 5paisa; index-point contributions and IIFL Finance: DSIJ; rupee: 5paisa
- Highest close since February, auto sales link and IIFL's share move: The Week
- Brent on Wednesday: Trading Economics; US CPI: US Bureau of Labor Statistics, with the forecast and Wall Street's fall as given in this morning's pre-market report and by HDFC Sky
- M&M's results date: Upstox
- Tata Power results: Upstox results live blog
- Flows for 9 November: NSE provisional data via 5paisa
- CPI date and September figure: Business Today and MoSPI's September release; results calendar: MyAlgoMate; holidays and expiry: NSE holiday list
This note summarises public news and data for information only. It is not investment advice or a recommendation to buy or sell any security, and I don't publish levels, targets or trade ideas. I am not registered with SEBI as an investment adviser or research analyst.