Dalal Street Stays in the Green! Sensex, Nifty Extend Gains as Financial Stocks Lead

Indian markets maintain their positive momentum, with banking and financial stocks supporting the rally. Bajaj Finance, HDFC Life and Bajaj Finserv remain among the key gainers.

Indian equity markets continued to trade higher on Thursday, November 12, following the strong rally in the previous session. Both benchmark indices recovered from a weak opening as buying interest returned across financial and selected heavyweight stocks.

During the morning session, the Sensex climbed around 410 points to 82,289, while the Nifty 50 gained nearly 113 points to trade at 25,367.

Financial Stocks Drive Market Sentiment

Financial stocks remained among the strongest performers. HDFC Life, Bajaj Finance, Bajaj Finserv and Shriram Finance attracted buying interest.

Among individual stocks, HDFC Life gained around 3.6%, while Bajaj Finance advanced nearly 2.9%. Bajaj Finserv and Shriram Finance also recorded notable gains.

On the other hand, ONGC, Hindustan Unilever, Mahindra & Mahindra and several IT stocks faced selling pressure during the session.

What Supported the Rally

Three major factors supported market sentiment:

Strong foreign institutional investor buying.

Easing crude oil prices, providing relief to the domestic economic outlook.

Positive global cues and improving investor confidence.

Foreign investors purchased Indian equities worth approximately ₹12,563 crore on Wednesday, strengthening the recent recovery in domestic markets.

What Should Investors Watch Next?

Despite the positive momentum, market participants remain alert to possible profit-booking following the sharp November rally.

Investors will closely monitor banking stocks, foreign fund flows, crude oil prices and upcoming corporate earnings for further direction.

The overall market sentiment remains encouraging, but traders are likely to remain selective rather than chase stocks after sharp gains.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a SEBI-registered investment adviser before making financial decisions.

Rahul Gupta