SENSEX, NIFTY50 edge higher led by gains in Infosys, Reliance Industries; Trent falls after Q2 earnings

The Indian equity benchmarks edged higher on Monday, November 10, led by gains in index heavyweights like Infosys, Reliance Industries, Larsen & Toubro, ITC and Asian Paints but gains were capped owing to selling pressure in Trent, Power Grid and Mahindra & Mahindra amid positive cues from Asian markets.

The SENSEX rose as much as 311 points and NIFTY50 index touched an intraday high of 25,591.

As of 9:31 am, the SENSEX was up 188 points at 83,404 and NIFTY50 index advanced 61 points to 25,553.

Asian markets

Asian markets were trading higher on Monday on optimism that an end to the historic US government shutdown could be in sight, while the dollar was nursing losses from last week, news agency Reuters reported.

Japan's Nikkei rose 1%, Hong Kong's Hang Seng advanced 0.53%, South Korea's Kospi jumped 0.53% and Taiwan Weighted advanced 0.42%.

The US Senate on Sunday moved toward a vote on reopening the federal government, a day after Senate Majority Leader John Thune said bipartisan talks in the chamber to end the shutdown have taken a positive turn, Reuters report added.

Sectoral landscape

Back home, buying was visible across board as all the major sector gauges, barring the measure of media shares, were trading higher led by the NIFTY Oil & Gas index's nearl1% gain. NIFTY Metal, IT, Pharma, Realty, Consumer Durables, Financial Services and Bank indices also rose between 0.3-0.7%.

Broader markets outperforming their larger peers as NIFTY Midcap 100 index rose 0.5% and NIFTY Smallcap 100 index advanced 0.41%.

Stocks in news

NALCO was top gainer in the NIFTY Midcap 100 index, the stock jumped 7.7% to ₹253 after it reported a 36.71% year-on-year (YoY) surge in its standalone net profit to ₹1,429.94 crore in the September quarter of the 2025-26 financial year (Q2FY26).

Nykaa advanced 3.75% to ₹255 after it reported a 244% year-on-year surge in consolidated net profit to ₹34 crore for the quarter ended September 30, 2025. In the corresponding quarter last year, the beauty and personal care retailer had posted a net profit of ₹10 crore.

NIFTY50 gainers and losers

HDFC Life was top gainer in the NIFTY50 index, the stock rose 1.17% to ₹758. ONGC, Asian Paints, Bharat Electronics, Infosys, Reliance Industries, Larsen & Toubro and Titan also rose between 0.8-1% each.

On the flipside, Trent was top loser in the NIFTY50 index, the stock fell 6% to ₹4,350 after it reported net profit of ₹373 crore in the second quarter of the current financial year, marking an increase of 11% from ₹335 crore in the same period last year.

Trent's revenue from operations, in the July-September period, advanced 16% to ₹4,818 crore from ₹4,157 crore a year earlier.

Trent, which operates Zudio and Westlife stores, reported EBITDA (earnings before interest, taxes, depreciation, and amortization), also known as operating profit of ₹817 crore, up 27% from ₹646 crore in the year-ago period.

Apollo Hospitals, Eicher Motors, Mahindra & Mahindra, Max Healthcare, Eternal and Ultratech Cement were also among the losers in the NIFTY50 index.

The overall market breadth was marginally positive as 1,871 shares were advancing while 1,618 were declining on the BSE.