NIFTY50, SENSEX rally over 1% after opening higher, IndiGo, M&M, among gainers; check factors behind today's surge

Significant buying support in index heavyweight stocks like IndiGo, Mahindra & Mahindra, SBI, and HDFC Bank resulted in powering the massive gains of the domestic indices during the early market hours.

At 9:15 am (IST), NSE data showed that the NIFTY50 index opened 1.17% or 293 points higher at 25,337.80 points on Wednesday’s market, in comparison to 25,044.65 points at the previous equity market close.

The BSE SENSEX index opened 1.4% or 1,142.03 points higher at 82,248.68 level on November 11, compared to 81,106.65 points at the previous stock market close, as per the exchange data.

After a strong open, the NIFTY50 index surged nearly 300 points or 1.2% to hit an early market high of 25,344.45 points, while the SENSEX rallied 1,321 points or 1.6% to hit a high of 82,427 points on Monday.

Before the opening bell, the GIFT NIFTY futures were indicating a potential for positive performance on Wednesday’s market as global crude oil prices (Brent) declined to a two-month low during Tuesday’s trading session.

The equity markets re-opened on Wednesday, after a one-day scheduled holiday on account of Diwali-Balipratipada on November 10.

Investors are expected to keep track of crude oil prices in the global market on Wednesday, amid continued buying support from foreign investors, positive momentum from Asian markets and strong Q2 earnings performance.

Top gainers & losers today

Stocks like InterGlobe Aviation (IndiGo), Mahindra & Mahindra, State Bank of India, Axis Bank, HDFC Bank, Eternal, and BSE were leading the pack of top gainers on the NIFTY50 index as of the morning hours on Nov 11.

IndiGo was up nearly 5%, Mahindra & Mahindra was up 3.5%, State Bank of India was up 2.7%, Axis Bank was up 2.3%, HDFC Bank was up 2%, Eternal was up 2%, and BSE was up 1.9% on Monday’s market.

Others like Dr Reddy’s down 0.5%, Hindalco down 0.4%, and Apollo Hospitals down 0.05% were the only three losers on the NIFTY50 index as of 9:56 am (IST).

What are key factors behind today's surge?

Strong FII support, lower oil prices, healthy earnings momentum, and the selling pressure on Wall Street on Tuesday due to hotter-than-anticipated CPI inflation data resulted in a massive buying sentiment in Indian equities on Wednesday, November 11.

Early signs on Wednesday showed that the FIIs have continued their buying support with their flow of investments in Indian equities, resulting in the market rally.

So while the money continued to exit from Wall Street and certain Asian market indices, the foreign investors found high interest in Indian equities, which offer lower risk with attractive valuations and strong earnings growth and fundamentals amid the global volatility.

Earlier this week on Monday, FIIs bought a total of ₹7,212.22 crore worth of capital market assets from across the exchanges during the trading session, while domestic investors booked profits.

NSDL data also showed that this buying spree comes after two consecutive months of selling pressure from FIIs in September and October this year.

Data showed that Brent crude futures (January contract) declined 1.44% to hit an early market low of $90.75 per barrel (bbl) during the early hours on Wednesday, India time, in comparison to $92.08 per bbl at the previous market close.

Although the latest pullback has resulted in energy rates trading 12% lower on a one-month basis, they remain more than 3% higher in the last three months and up 41% in the last one-year period.

Latest media reports showed that US Secretary of State, Marco Rubio, at a G7 meeting on Tuesday said that there is “no need for major combat operations” in Iran as America’s economic pressure campaign was reportedly working well for the negotiations, while Trump has kept the situation at a “status quo” until further notice.

Japan’s Nikkei 225 was up 1.3%, KOSPI was up 2.4%, and Singapore’s FTSE was up 1% as of the morning market hours on Wednesday. In contrast, the Hong Kong-based Hang Seng was down 0.83%, and China’s Shanghai Composite was down 0.24% on November 11.

As per the Bureau of Labor Statistics, the consumer price index (CPI) witnessed a 0.4% increase, compared to 0.3% estimates, indicating elevated prices in the American market, in turn increasing bets on an upcoming rate hike.

Dow Jones, S&P 500, and Nasdaq, all closed in the red after the trading session on Tuesday, November 10, 2026.