Market Wrap, Nov 11: Indices end in green for second session, NIFTY50 near 25,700, SENSEX rises 336 points; IndiGo, BEL top gainers

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.

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

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.

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.

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.

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.