Indian benchmark indices closed sharply higher on Wednesday, November 11, with the BSE Sensex settling at 81,879.40, up 772.75 points or 0.95 per cent, and the NSE Nifty 50 ending at 25,255.05, up 210.40 points or 0.84 per cent, as markets resumed trading after Tuesday's Diwali-Balipratipada holiday.

Source: The Hindu BusinessLine

Both benchmarks touched their highest levels in nearly nine months during the session, with the Sensex rising to an intraday high of 82,520.40 and the Nifty reaching 25,424.35. The rally was broad-based: the Nifty Midcap 100 gained 0.81 per cent to 61,519.10 and the Nifty Smallcap 100 rose 1.59 per cent to 19,489.35, while market breadth stayed firmly positive with advances outnumbering declines.

Source: Upstox

Banking and auto stocks powered the advance, with the Nifty Bank index climbing 1.76 per cent. Mahindra & Mahindra was the top Nifty gainer, closing up 3.92 per cent, followed by InterGlobe Aviation (IndiGo) up 3.76 per cent, Trent up 2.59 per cent, Power Grid up 2.13 per cent and Tata Steel up 2.01 per cent. On the losing side, Adani Ports fell 1.82 per cent, while Tech Mahindra, Nestle India, ICICI Bank and HCL Technologies also ended lower.

Source: Upstox

Sentiment was supported by continued foreign institutional investor buying — FIIs have invested Rs 53,739 crore in Indian equities in November so far, according to National Securities Depository (NSDL) data cited in market reports — and by a fall in crude oil prices, with Brent futures declining to around $90.75 a barrel. The rupee also traded firmer, at around Rs 93.70-93.76 against the US dollar during the day.

Source: Outlook Money

The market capitalisation of BSE-listed companies has risen by about Rs 35 lakh crore over the first seven trading sessions of November, according to CNBC-TV18 market coverage, as the indices extended their November gains. Traders will now watch foreign flow data and global cues for the next session.