Market Wrap, Nov 11: SENSEX, NIFTY50 rise 1% as banking stocks rally; NIFTY Smallcap 100 outshines, M&M top gainers

The Indian stock market ended 1% on Wednesday, November 11, following a strong rally led by gains in banking and auto stocks. The investors’ sentiment was further supported by foreign fund inflows, Asian stocks and easing crude oil prices.

Both the benchmark indices touched their highest levels in nearly nine months, with the 50-share index rising to an intraday high of 25,424, a level last seen on February 27, 2026.

Global crude oil benchmark Brent crude futures (January contract) declined to a low of $90.75 per barrel (bbl) on Wednesday in comparison to $92.08 per bbl at the previous market close, according to Investing.com data.

According to exchange data, on Monday, the foreign institutional investors (FIIs) bought shares worth ₹7,212.22 crore, while the domestic institutional investors (DIIs) sold equities worth ₹7,172.53 crore on a net basis.

Foreign investors turned net buyers of Indian equities in November, infusing ₹53,739 crore in the first nine days after two consecutive months of outflows,

The Indian stock market remained closed on Tuesday, November 10, on account of Diwali-Balipratipada.

On the global front, most of the Asian stocks closed with gains on Wednesday as a rebound in artificial intelligence-linked shares spread across the region.

Japan's Nikkei jumped 1.28%, Singapore’s Straits Times rose 0.59%, China’s Shanghai Composite gained 0.46% and South Korea’s Kospi index also closed 2.53% higher. The Hong Kong’s Hang Seng fell 1.22% on Wednesday.

On Wall Street, the US equity market indices ended lower on Tuesday, as investors focused on the hotter-than-expected CPI inflation data for the American economy, which pushed Treasury yields up to 5%, in turn increasing bets of an upcoming US Fed rate hike at the December meeting.

The Dow Jones Industrial Average closed 0.30% lower at 52,231.89 points after the trading session on Tuesday, the S&P 500 index ended 0.38% lower at 7,520.93 points, while the tech-heavy Nasdaq 100 closed 0.60% lower at 27,740.80 points.

Here are the key developments of Wednesday's session that you need to know

As many as 3,767 stocks traded on the NSE on Wednesday. Out of this, 2,495 advanced and 1,166 stocks declined, while 106 scrips remained unchanged.

This indicated that the market breadth was in favour of advances.

A total of 106 stocks hit their 52-week highs, while 25 stocks touched their one-year lows. Besides, 151 stocks hit their upper circuit limits, and 79 touched their lower circuit bands on Wednesday.

The market capitalisation of NSE-listed firms stood at ₹506.65 lakh crore at the close of the session.

India VIX, the volatility gauge, stood at 17.56 levels, rising 0.8%.

The broader market outperformed, with the Nifty Midcap 100 climbing 0.81% to settle at the 61,519.10 level, while the Nifty Smallcap 100 surged 1.59% to end at the 19,489.35 level.

Among sectors, NIFTY PSU Bank (2.94%), NIFTY Auto (2.14%), NIFTY Private Bank (1.14%), NIFTY FMCG (1.13%) and NIFTY Oil & Gas (1.03%) constituted the gainers’ pack. Meanwhile, NIFTY IT (-0.53%), NIFTY Pharma (-0.41%) and NIFTY Realty (-0.42%) were the only losers

On the NIFTY50 index, 37 stocks closed higher, while 13 declined by the end of the session.

Mahindra & Mahindra was the most contributing stock, rising 5.3%, followed by InterGlobe Aviation (4.33%), Trent (3.32%), Tata Steel (2.4%) and BSE (2.34%).

On the other hand, Adani Ports (-1.84%), ICICI Bank (-1.1%), Tech Mahindra (-0.91%), HCL Technologies (-0.85%) and Nestle India (-0.76%) were the biggest laggards on the 50-share index.