Sensex and Nifty 50 Rise Amid Positive Market Momentum

The Indian stock market showed steady gains on November 17, with both major indices extending their upward trend for the sixth consecutive session. The Sensex climbed 388 points to 84,950.95, while the Nifty 50 added 103 points to settle at 26,013.45.

Market Performance Today

The market witnessed healthy momentum despite weak global cues. Positive domestic earnings and expectations of a potential India-US trade deal supported investor sentiment. Key index movements include:

• BSE Midcap index: +0.66%
• BSE Smallcap index: +0.61%
• Market capitalization gain: Over ₹3 lakh crore in a single session, rising to ₹477 lakh crore from ₹474 lakh crore

Over the past six sessions, Sensex and Nifty 50 have both risen around 2%, highlighting sustained market optimism.

Key Drivers of the Rally

Several factors contributed to the market’s gains today:

• Q2 earnings season: Strong quarterly results, particularly from midcaps, fueled buying momentum.
• Economic growth outlook: Moody’s projects India’s GDP growth at 7% in 2025, moderating to 6.5% through 2027.
• Trade optimism: Hopes of an India-US trade deal by the month-end added positive sentiment.

Domestic markets outperformed several major global indices, which were pressured by profit-booking and a lack of fresh triggers in Asia and Europe.

Top Movers in Nifty 50

• Top gainers:
  • Eternal: +1.93%
  • Tata Consumer Products: +1.83%
  • Max Healthcare Institute: +1.73%
• Top losers:
  • Tata Motors Passenger Vehicles: -4.74%
  • UltraTech Cement: -0.83%
  • Jio Financial Services: -0.78%

Most sectoral indices ended the day on a positive note, with Nifty PSU Bank, Private Bank, and Auto indices climbing up to 1%. Nifty Bank closed 0.76% higher at 58,962.70, having touched an intraday high of 59,001.55.

Volume and Stock Highlights

• Most active stocks by volume:
  • Vodafone Idea: 91.2 crore shares
  • Billionbrains Garage Ventures (Groww): 46.64 crore shares
  • YES Bank: 15.7 crore shares
• Stocks with significant intraday moves:
  • 19 stocks on BSE, including Narayana Hrudayalaya and Energy Development Company, jumped over 15%.
• 52-week highs: 177 stocks, including SBI, PNB, Asian Paints, BPCL, and Hero MotoCorp.
• 52-week lows: 191 stocks, including Nilkamal, Bata India, Cohance Lifesciences, and Westlife Foodworld.

The advance-decline ratio reflected a balanced market, with 2,082 advancing stocks, 2,211 declining, and 204 unchanged on the BSE.

Summary

Today’s session highlighted:

• Sensex: +388 points to 84,950.95
• Nifty 50: +103 points to 26,013.45
• Broad-based rally: Midcaps and smallcaps joined gains
• Strong market capitalization growth: +₹3 lakh crore

The Indian stock market’s resilience was driven by a combination of robust Q2 earnings, positive growth outlook, and trade optimism, maintaining an encouraging environment for investors in both large-cap and small-cap segments.