NIFTY50 above 25,250, SENSEX gains over 1,000 pts; IIFL Fin, Kalyan Jewellers among buzzing stocks

Investors also focused on continued foreign fund inflows, a decline in global crude oil prices, and overall Q2 earnings momentum.

The SENSEX rallied as much as 1.7% to hit an intraday high of 82,520.40. Meanwhile, the NIFTY50 gained as much as 1.52% to touch the session’s peak of 25,424.35.

At 12:57 PM, the S&P BSE SENSEX advanced by 1,019.89 points, or 1.26%, to trade at 82,126.54, while NSE’s NIFTY50 stood at 25,311.05, reflecting a 266.40-point, or 1.06%, jump.

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

The top gainers in the NIFTY50 index included InterGlobe Aviation (IndiGo), Mahindra & Mahindra, Trent, Axis Bank, and State Bank of India.

On the contrary, Nestle India, Tech Mahindra, Apollo Hospitals Enterprise, Dr. Reddy's Laboratories, and ICICI Bank.

Buzzing stocks on November 11: Check list

Oil-sensitive stocks, including oil marketing companies (OMCs), paint manufacturers, tyre makers and aviation companies, rallied on Wednesday, November 11, as global crude oil prices eased to a two-month low, raising hopes of lower input costs and improved profitability.

Shares of companies such as HPCL, BPCL, Indian Oil Corporation (IOC), Asian Paints, Berger Paints and InterGlobe Aviation (IndiGo) are attracting investor attention as the decline in crude prices offers potential cost relief to several industries.

Shares of fast-moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), Dabur India, Godrej Consumer Products, Marico and Britannia Industries rose on Wednesday, November 11, as companies look at calibrated price increases to counter elevated input costs and protect margins.

HUL has raised the maximum retail prices (MRPs) of several products across its home care portfolio, including popular detergent brands Surf Excel, Rin and Wheel, by up to 11%, amid continued cost pressures and efforts to protect margins.

Shares of IIFL Finance surged as much as 10.7% to touch an intraday high of ₹694.40 apiece on the National Stock Exchange (NSE) on Wednesday, November 11, after the company’s board of directors gave a nod to raise funds by preferential issue.

The non-banking financial company (NBFC) will raise capital of ₹6,414 crore through a preferential issue, with global investment firm Blackstone set to invest ₹5,000 crore in the company to drive the next phase of growth.

The fundraise also includes an investment of ₹1,264 crore by the company’s promoters, Nirmal Jain and R Venkataraman, through preferential allotment of warrants, while Anchorage Capital will invest ₹150 crore through a primary equity investment.

The stock of Titagarh Rail Systems gained as much as 5.04% to reach the session’s peak of ₹737.85 per equity share on the NSE, as it saw its consolidated net profit jump 49.23% year-on-year (YoY) to ₹63.17 crore in the July-September quarter of the 2026-27 financial year (Q2 FY27).

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹42.33 crore, according to a regulatory filing.

However, its revenue from operations declined 0.8% YoY to ₹792.56 crore for the reporting period, as against ₹799.03 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

Ashoka Buildcon shares rallied as much as 13.88% to hit an intraday high of ₹117.34 per unit on November 11, as it secured an order worth ₹865.90 crore from the National Highways Authority of India (NHAI).

The company said it received a letter of acceptance (LoA) from NHAI for balance work for construction of an eight-lane access-controlled expressway “from Km 128 to Km 154.6” of the Vadodara-Mumbai expressway, the Karvad to Jujuwa section, in Gujarat.

The firm will execute the project in Engineering, Procurement, and Construction (EPC) mode, it stated in a regulatory filing dated November 9, adding that the order has a defect liability period of ten years.

Furthermore, the company also bagged an order on November 11. It received an LoA from Druk Green Power Corporation Limited, Bhutan, for design, supply, installation, testing & commissioning of a 120 MWp Wobthang Solar PV Power Plant.

The project, worth $58.9 million, is expected to be completed in 18 months from the date of commencement, according to a separate regulatory filing.

Kalyan Jewellers India stock rose as much as 12.8% to touch the session’s peak of ₹689 per equity share on Wednesday, following the company's strong September quarter (Q2 FY27) results.

Jewellery retailer Kalyan Jewellers India on Tuesday reported a 64% YoY growth in consolidated profit after tax (PAT) to ₹427 crore during the September quarter of the current fiscal year.

The Thrissur-headquartered company's net profit stood at ₹260.51 crore during the corresponding quarter of the preceding financial year, Kalyan Jewellers said in a regulatory filing.

Revenue from operations grew 32% in the second quarter of FY27 to ₹10,323 crore, compared to ₹7,856 crore in the same period a year ago.

Cochin Shipyard shares tumbled as much as 8% to touch an intraday low of ₹1,186.50 apiece on Wednesday, November 11, after the company’s net profit halved in the September quarter of fiscal year 2026-27.

The shipbuilding company reported a consolidated net profit of ₹54 crore in the second quarter of FY27, registering a decline of 50% from ₹108 crore during the same period last year.

Its revenue from operations for the quarter, however, increased 12% to ₹1,249 crore as against ₹1,119 crore in the year-ago period. The public sector firm’s total expenses rose to ₹1,257 crore in the reporting quarter from ₹1096 crore in the year-ago period.

The stock of Rentomojo declined nearly 3% to hit an intraday low of ₹574.85 apiece during Wednesday’s market, as the company reported a more than 62% contraction in consolidated net profit despite healthy revenue growth in the July to September quarter of the financial year 2026-27.

In the Q2 earnings, Rentomojo recorded a 62.6% decline in the company’s consolidated net PAT to ₹18.18 crore, in comparison to ₹48.60 crore in the corresponding quarter of the previous financial year, as per the exchange filings.

The company also posted a nearly 53% YoY increase in revenue from core operations at ₹142 crore in the second quarter of FY27, compared to ₹93 crore in the same period a year earlier.