Market News

4 min read | Updated on November 12, 2026, 15:03 IST
SUMMARY
The broader market was seen outperforming the main equity benchmark indices, with the NIFTY Midcap 100 and Nifty Smallcap 100 rising over 1.1% and 1.5%, respectively.

Kalyan Jewellers India shares continued with their rally for the second consecutive day after the firm's strong Q2 FY27 earnings. Image: Shutterstock
The Indian stock market was trading flat on Thursday, November 11, as investors focused on the correction in global crude prices and massive FII buying interest. The investors’ sentiment was further supported by broadly strong earnings from Indian companies.
The broader market was seen outperforming the main equity benchmark indices, with the NIFTY Midcap 100 and Nifty Smallcap 100 rising over 1.1% and 1.5%, respectively. On both the indices, as many as six stocks hit their 52-week high levels.
The SENSEX and NIFTY50 have jumped as much as 0.5% to touch intra-day highs of 82,325.61 and 25,384.80, respectively.
| STOCK NAME | 52-WEEK HIGH LEVEL |
|---|---|
| Multi Commodity Exchange | ₹3,645 |
| Pheonix Mills | ₹2,263.2 |
| One 97 Communications | ₹1,905.8 |
| Motilal Oswal Financial Services | ₹1,227.5 |
| Kalyan Jewellers | ₹714.5 |
| Meesho | ₹259 |
Shares of Meesho rallied to its one-year high after the global index service provider MSCI, in its latest November 2026 index rebalancing move, added a total of 15 Indian large-cap to small-cap stocks to its benchmark indices, including four prominent names: Life Insurance Corporation of India (LIC), Adani Green, Meesho, and Coforge, according to an official statement.
MSCI’s latest monthly rebalancing move is expected to impact investors, as the additions and exclusions of stocks are expected to trigger massive buying and selling cues in the market due to major fund inflows into the particular stocks on the list.
Kalyan Jewellers India shares continued with their rally for the second consecutive day after the jewellery retailer reported a 64% year-on-year (YoY) growth in consolidated profit after tax (PAT) to ₹427 crore during the September quarter of the current fiscal year (Q2 FY27).
The Thrissur-headquartered company's net profit stood at ₹260.51 crore during the corresponding quarter of the preceding financial year.
“The ongoing festive quarter has started very well, and we are very encouraged by the growth on the ground, especially during Navratri and Dhanteras. We are upbeat about the wedding season and look forward to ending the quarter on a strong note,” Kalyan Jewellers India Executive Director Ramesh Kalyanaraman added.
| STOCK NAME | 52-WEEK HIGH LEVEL |
|---|---|
| Navin Fluorine | ₹9,942.5 |
| Acutaas Chemicals | ₹4,120 |
| Anand Rathi Wealth | ₹2,395 |
| Ather Energy | ₹1,925 |
| Sona BLW Precision | ₹933.5 |
| Cupid | ₹389 |
In the Q2 results, Cupid posted a strong 133% increase in the company’s consolidated net profit (attributable to owners) to ₹56 crore, in comparison to ₹24 crore in the same period a year earlier.
The company’s profit growth comes against the backdrop of strong revenue gains in the September quarter, which increased 122.4% year-on-year (YoY) to ₹188 crore from ₹84 crore in the same quarter a year earlier.
Despite the healthy revenue growth and profits in the Q2 earnings, the overall margins remained under pressure and contracted during the period due to the elevated material costs.
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