SENSEX jumps over 1,000 pts, NIFTY above 24,700; Havells, Tube Investment, M&M among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued trading in positive territory during the afternoon session on Friday, November 6, amid buying in banking and financial services stocks. The markets gained on the back of persistent foreign fund inflows.

The SENSEX soared as much as 1.52% to hit an intraday high of 80,512.92. Meanwhile, the NIFTY50 surged as much as 0.89% to touch the session’s peak of 24,754.15.

At 2:08 PM, the S&P BSE SENSEX rose by 1,078.25 points, or 1.36%, to trade at 80,388.26. NSE’s NIFTY50 stood at 24,747.40, marking a 210.80-point, or 0.86%, jump.

On Thursday, the foreign institutional investors (FIIs) purchased stocks worth ₹14,974.68 crore, while the domestic institutional investors (DIIs) sold equities worth ₹10,444.54 crore on a net basis, according to exchange data.

The top gainers in the NIFTY50 index included Mahindra & Mahindra, ICICI Bank, Titan Company, Adani Ports, HDFC Bank, and NTPC.

On the other hand, the top losers were Shriram Finance, Eicher Motors, Adani Enterprises, Bharat Electronics Ltd (BEL), and Tata Motors PV.

Buzzing stocks on November 6: Check list

Indian IT services stocks rallied sharply in the opening deals on Friday, November 6, bucking the weak global trend, with the NIFTY IT index surging over 2% even as technology stocks on Wall Street witnessed a sharp sell-off overnight.

The divergence in performance comes amid a deepening sell-off in AI-linked stocks globally. With investors reassessing valuations and exposure to the AI trade, Indian IT companies, whose businesses are largely centred on technology services rather than AI hardware and infrastructure, appear to be attracting renewed investor interest.

Most jewellery stocks, including Kalyan Jewellers, Titan Company, Senco Gold, and more, were trading higher in morning trade on Thursday, November 6, as investors tracked festive demand for Dhanteras and Diwali.

Dhanteras is considered one of the most auspicious occasions for buying gold, silver and other precious metals in India.

The festival holds special significance in Indian households, where purchasing gold, silver, jewellery, utensils or other valuables is traditionally believed to bring prosperity, good fortune, and financial well-being.

Shares of Life Insurance Corporation of India (LIC), the country’s largest insurer, declined as much as 4.3% to hit an intraday low of ₹391 per unit on the National Stock Exchange (NSE) on Friday, November 6, as the company reported its earnings for the second quarter of the 2026-27 financial year (Q2 FY27).

The stock fell despite the company’s consolidated net profit advancing 20% year-on-year (YoY) to ₹12,115 crore during the quarter under review, compared with ₹10,098 crore in the September quarter of the 2025-26 fiscal year (Q2 FY26).

Its net premium income surged 16.2% YoY to ₹1.47 lakh crore in the second quarter of FY27, as against ₹1.27 lakh crore in the corresponding period of the preceding fiscal year, according to a regulatory filing.

Its income from first-year premiums (FYPI), however, fell 3.68% YoY to ₹10,483.85 crore for the reporting period, in contrast to ₹10,884.48 crore in the second quarter of FY26.

Mahindra & Mahindra stock jumped 5% to hit an intraday high of ₹3,283.80 apiece on Friday’s market, as investors focused on the company’s strong financial performance and automotive sales growth in the July to September quarter of FY27.

The positive interest, combined with the earnings growth potential from Mahindra’s utility vehicle segment, is expected to improve the financial performance in the upcoming quarters, while the farm segment continues to lag with a conservative outlook.

Market experts predict that upcoming launches, strong traction in electric vehicle segments, and ongoing capacity expansion will power the company’s growth despite cost pressure in the market.

Shares of Sai Life Sciences rallied as much as 12.8% YoY to hit a 52-week high of ₹1,799 apiece on the NSE on Friday, November 6, as it saw its consolidated net profit rise 17% YoY to ₹98.32 crore in Q2 FY27, compared with ₹83.84 crore in the same period last year.

Its revenue from operations advanced 23% YoY to ₹659 crore during the quarter under review, from ₹537 crore in Q2 FY26.

Bharti Airtel stock gained as much as 3.1% to hit the session’s peak of ₹2,120 per equity, a day after it posted a 9% quarter-on-quarter (QoQ) increase in consolidated net profit at ₹8887.5 crore for the quarter ended September 30 of the financial year 2026-27. The firm had clocked a net profit of ₹8,167 crore in the previous quarter.

Bharti Airtel’s India mobile revenue surged 10.1% YoY, driven by strong customer additions and improved realisation, with Average Revenue Per User (ARPU) expanding to ₹271 in Q2 FY27 from ₹256 year-on-year (YoY).

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 5% to ₹34,946 crore as compared to ₹33,303 crore in the previous quarter of the current fiscal year

The share fell as much as 10.6% to reach the intraday low of ₹2,056.80 per unit on the NSE, despite reporting a 39% rise in consolidated net profit to ₹420.58 crore in the September quarter, driven by strong performance of its engineering and metal-formed products verticals.

The company had posted ₹302.05 crore "profit after tax from continuing operations" in the second quarter of the 2025-26 financial year, the company said in an exchange filing.

During July-September FY27, the company's total income rose to ₹7,441.73 crore from ₹5,615.35 crore a year ago.

SML Mahindra stock advanced as much as 5% to hit an intraday high of ₹5,269.50 per equity share on the NSE on Friday, as its board of directors approved raising funds up to ₹1,450 crore via a rights issue.

Its board approved raising funds through the issuance of fully paid-up equity shares of the company with a face value of ₹10 each by way of a rights issue to the eligible equity shareholders of the company as on the record date.

The record date, it said, will be determined and notified subsequently.

Shares of Havells India advanced as much as 3.2% to touch the session’s peak of ₹1,101.90 apiece on November 6, as it informed the exchanges that it received a letter of comfort (LoC) from “Invest UP, Government of Uttar Pradesh for fiscal incentives under Uttar Pradesh Global Capability Centres Policy 2024”.

It received the LoC for the company’s proposed Centre of Excellence (R&D centre) in Noida, Uttar Pradesh.

The firm will receive investment worth ₹879 crore over the next few years, according to a regulatory filing.