Sensex and Nifty Climb as Key Stocks Lead the Rally


Sensex and Nifty Climb as Key Stocks Lead the Rally
  • Sensex +319 pts, Nifty +82 pts, ending 3-day loss.
  • IT, pharma, metals, energy stocks rally; FIIs turn net buyers; global cues positive.
  • Bajaj Finserv, Tata Power, Bharat Forge, Vodafone Idea, Bajaj Finance, Tata Motors CV debut, Hero MotoCorp EV launch.
The Indian stock market ended its three-day losing streak on Monday, November 10, as major indices posted gains led by strong performances in select heavyweight stocks. The Sensex advanced 319 points, or 0.38%, to close at 83,535.35, while the Nifty 50 rose 82 points, or 0.32%, to settle at 25,574.35.
Among broader indices, the BSE Midcap index outperformed, climbing 0.62%, whereas the Smallcap index slipped 0.28%. Market analysts attributed the positive momentum to improved global sentiment, a rebound in key sectors, and support from foreign institutional investors (FIIs).
“Markets began the week on a positive note amid optimistic global cues. The Nifty built on early momentum, supported by strength in select heavyweights across sectors. However, a late pullback trimmed some gains”, said Ajit Mishra, SVP, Research, Religare Broking Ltd. He noted that sectors like IT, pharma, metals, and energy fueled the rally, while realty and FMCG saw marginal losses.
Global developments also boosted investor confidence. Progress toward ending the U.S. government shutdown lifted sentiment, while FIIs turned net buyers after six consecutive sessions of selling. Additionally, global brokerage Goldman Sachs upgraded India to ‘Overweight’ from ‘Neutral’, further supporting market optimism.
Stocks in Focus
Several companies are expected to remain in focus as they announce their quarterly results. Bajaj Finserv, Rail Vikas Nigam, BSE, Bharat Forge, and Tata Power are scheduled to declare their second-quarter results on Tuesday, November 11.
Company Highlights
  • Vodafone Idea reduced its consolidated net loss to Rs 5,524 crore in Q2, compared with Rs 7,176 crore in the same period last year.
  • Britannia Industries saw a leadership change as Varun Berry, who served as Executive Vice-Chairman, Managing Director, and CEO for ten years, resigned from his positions.
  • Bajaj Finance reported a 22% year-on-year increase in consolidated net profit for Q2 at Rs 4,875 crore, up from Rs 4,000 crore in the same period last year.
  • Bharat Electronics, the Navratna defence PSU, secured additional orders worth Rs 792 crore since its last update on October 30.
  • Tata Motors is preparing for the debut of its commercial vehicles division on stock exchanges following a demerger that created separate entities for commercial and passenger vehicles, including electric vehicles and Jaguar Land Rover.
  • Bazaar Style Retail, backed by Rekha Jhunjhunwala, returned to profitability in Q2 with a consolidated net profit of Rs 51 crore compared to a net loss of Rs 9 crore last year.
  • Hero MotoCorp expanded its electric mobility arm VIDA with the launch of the VX2 Go 3.4 kWh variant, unveiled by Union Minister Nitin Gadkari.
  • JK Tyre & Industries plans to invest an additional Rs 5,000 crore over the next 5–6 years to boost production, including dedicated lines for export markets.
  • HUDCO posted a 3% year-on-year rise in net profit to Rs 709.8 crore for Q2, up from Rs 688.6 crore in the corresponding period last year.
With improved global cues and strong corporate earnings, market sentiment has turned positive, offering investors renewed confidence. Analysts expect cautious optimism to continue in the near term as key companies announce results and broader macroeconomic developments unfold.