The domestic equity markets are seeing a value investing as the benchmark indices surged more than 1.5 per cent each on Wednesday (November 11). The Nifty50 surged as much as 1.51 per cent to the day’s high of 25,424.35, above the psychological mark of 25,400. The other benchmark, BSE Sensex, advanced 1.74 per cent or 1,413.75 points, to an intra-day high of 82,520.40.
Heavy weight stocks like HDFC Bank, State Bank of India, Mahindra & Mahindra, etc. were the major contributors to the Nifty50. However, Dr Reddy’s Lab, Titan, Apollo Hospitals, Sun Pharma, and Hindalco Industries were the five biggest losers in today’s strong session in the Nifty50.
Here are three probable reasons behind this rally:
On November 09, Foreign Institutional Investors (FIIs) net bought equities worth Rs 7,212.22 crore. In the last two weeks, FIIs have net purchased equities of Rs 60,939 crore. FPIs pulled out $61 billion since September 2024, while $31 billion exited in the first 10 months of 2026.
However, the rend reversed in since mid of October as $8.2 billion net inflows came in and $5.8 billion came from just six sessions of November.
Crude oil traded near $86 per barrel on Wednesday, remaining close to eleven-week lows amid signs of easing tensions between the US and Iran. US President Donald Trump suggested that additional military strikes against Iran may no longer be necessary, while Congressional Democrats consider leveraging the upcoming government funding deadline to push the administration toward ending the conflict. “Uncertainty persists as Iran demands relief from US sanctions and the naval blockade before agreeing to peace talks,” said Ajay Kedia, Founder of Kedia Advisory.
Sparsh Bansal is the Chief Copy Editor with ET Now Digital. He writes extensively on equity markets, IPO, with a passion for financial markets and a sharp eye to detect patterns, I extensively cover IPOs, stock movements, and investment strategies that shape India’s economic landscape.
He tracks IPO debuts, corporate earnings, and regulatory changes, bringing clarity to complex financial data, which bridges the gap between numbers and hidden patterns behind them.
Over the years, he has authored more than 2000 articles that have ranked prominently on Google, demonstrating commitment to high-quality journalism and impactful reporting.
Before ET Now Digital, Sparsh worked as a Correspondent with Financial Express. He started his career with Informist Media as a Reporter. He holds a Post Graduate Diploma in Business and Finance Journalism from Asian College Journalism – Bloomberg, and a Bachelor’s degree in Journalism and Mass Communication from the Noida International University.