Stock Market Live Updates: Sensex gains over 100 pts, Nifty above 25,250; financial, media stocks rally
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Business News›Markets›Stocks›Live Blog›Stock Market Live Updates: Sensex gains over 300 pts, Nifty above 25,300; financial, media stocks rally
Sensex Today | Nifty 50 Live Updates: Indian shares opened little changed on Thursday, as benchmark indexes looked to consolidate after a sharp rally driven by sustained foreign fund inflows, lower crude oil prices and a cooling global AI trade.
Sectoral indices traded on a mixed note, with media, financial services and financial services ex-banks leading the gains. FMCG, realty, private banks and consumer durables also advanced, indicating buying interest across several sectors.
However, IT, auto, pharma, healthcare, oil and gas, cement and mid-small healthcare stocks faced selling pressure, reflecting pockets of weakness in the broader market.
Global Markets Updates
S&P 500 futures fell 0.3% as of 11:58 a.m. Tokyo time
Japan’s Topix rose 0.7%
Australia’s S&P/ASX 200 fell 0.3%
Hong Kong’s Hang Seng fell 1%
The Shanghai Composite rose 0.3%
Euro Stoxx 50 futures rose 0.3%
Global Markets Updates
Japan’s Topix rose 0.7%
Australia’s S&P/ASX 200 fell 0.3%
Hong Kong’s Hang Seng fell 1%
The Shanghai Composite rose 0.3%
Euro Stoxx 50 futures rose 0.3%
1 New Update
- MSCI’s November index rejig will add LIC, Coforge, Meesho, and Adani Green to its Standard Index and remove PI Industries.
- Nuvama estimates the changes could trigger around $2 billion in passive inflows into Indian equities.
- Several stocks will also see weight adjustments, while the Smallcap Index will witness fresh additions and exclusions, creating potential stock-specific inflows and outflows. Read more
Nvidia Corp. shares sank in extended trading Wednesday as investors grappled with the possibility of the company without Chief Executive Officer Jensen Huang at the helm. Read more
India's mutual funds (MFs) continued to provide support to domestic equities amid market volatility and subdued returns, even as foreign investors remained net sellers. FPI outflows were driven by US-Iran tensions that pushed up crude oil prices and a dearth of large artificial intelligence-related investment opportunities in India. However, ET data show that MFs trimmed their holdings in 79 companies for four consecutive quarters through September 2026.
Hindalco posted record revenue and net profit in the September quarter, supported by higher metal prices and an improvement in Novelis' performance. However, growth is expected to moderate in the second half of the current fiscal year amid softer aluminium prices and rising input costs. The company is ramping up investments in capacity expansion and value-added products to drive future growth.
Indian consumers increased their purchases of precious metals during the Dhanteras-Diwali period despite high prices, with gold buying by volume rising 30% and silver demand climbing 10% from a year earlier, according to the India Bullion and Jewellers Association (IBJA). Jewellers said the trend points to a recovery in demand ahead of the key wedding season.
Debt mutual funds recorded net outflows of Rs 1.8 lakh crore in September, the steepest monthly withdrawal in the first half of FY27. Nevertheless, they continue to serve as an important investment option for those looking to deploy surplus funds, meet short-term financial goals and diversify their portfolios.
Equity mutual fund inflows fell 14% in October as subdued stock market performance during the first three weeks of the month prompted investors to pare allocations to smallcap and several other fund categories. However, large and midcap funds saw a sharp rise in investments.
Oil prices fell more than $1 on Thursday as optimism over potential progress in peace negotiations involving the Middle East and Russia-Ukraine conflicts weighed on the market.
The dollar remained close to a one-month high against major currencies in early Asian trade on Thursday, buoyed by rising expectations of a Federal Reserve rate hike. Meanwhile, the yen moved closer to the key psychological threshold of 160 per dollar.
Gold prices slipped on Thursday as stronger-than-expected US inflation and hawkish comments from Federal Reserve officials pushed the dollar close to a one-month high and strengthened expectations of an interest-rate hike next month, putting pressure on bullion.
US stocks ended higher on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each, as strong earnings from neocloud firm CoreWeave eased concerns over the sustainability of the AI trade. Nvidia also steadied after two consecutive sessions of sharp losses.
US stock index futures declined after a report that Nvidia Corp.’s board was weighing the removal of Chief Executive Officer Jensen Huang, tempering an earlier rally in technology stocks.
Several stocks, including life insurance companies, Tata Power, Cupid, Garden Reach Shipbuilders, ITC, Aurobindo Pharma and Vodafone Idea, are likely to remain in focus on Thursday, November 12, as investors react to quarterly earnings, corporate updates and other key developments.
GIFT Nifty on the NSE IX traded higher by 23 points, or 0.09 per cent, at 25,248, signaling that Dalal Street was headed for a muted start on Thursday.
Indian benchmark equity indices ended higher on Wednesday, November 11, extending their winning streak to nine consecutive regular trading sessions, excluding the Muhurat trading session, which closed marginally lower. Although the benchmarks surrendered some of their initial gap-up gains amid profit-booking at higher levels, they sustained their positive momentum throughout the session.
Indian benchmark equity indices ended higher on Wednesday, November 11, extending their winning streak to nine consecutive regular trading sessions, excluding the marginal decline recorded during the Muhurat trading session. Despite paring some of their early gains amid profit-booking at higher levels, the Sensex and Nifty maintained their positive momentum to close in the green, reflecting sustained buying interest across the market.