The Sensex and Nifty 50 concluded their three-day decline on Monday, November 10, propelled by advancements in major heavyweights like Infosys and Reliance Industries, bolstered by favorable global sentiment. The Sensex increased by 319 points (0.38%), closing at 83,535.35, whereas the Nifty 50 gained 82 points (0.32%), finishing at 25,574.35. The BSE Midcap index demonstrated stronger performance among broader indices, achieving a 0.62% increase, while the Smallcap index experienced a decline of 0.28%.
Markets initiated the week with a favorable outlook, buoyed by encouraging global signals. After a solid beginning, the Nifty capitalized on initial momentum, bolstered by robust performance in certain heavyweight stocks across various sectors. Nonetheless, a pullback in the final hour reduced some of the gains, leading the index to ultimately close at 25,574.35. Sector-wise, the rebound in IT and pharma, along with the strength in metal and energy stocks, contributed to the upward movement, while realty and FMCG concluded slightly lower. The broader indices exhibited a synchronized movement, with midcap and smallcap indices rising within the range of 0.47% to 0.35%, respectively. The decision was bolstered by enhanced global sentiment, as advancements in resolving the U.S. government shutdown elevated investor confidence. “Moreover, FIIs turning net buyers after six consecutive sessions of selling, along with global brokerage Goldman Sachs upgrading India to ‘Overweight’ from ‘Neutral’, further added to the positive sentiment,” stated Ajit Mishra.
Companies are set to announce their second-quarter results today : Shares of Bajaj Finserv, Rail Vikas Nigam, BSE, Bharat Forge, and Tata Power are set to attract attention as these companies announce their second-quarter results today.
Stocks to monitor today :
- Vodafone Idea has decreased its consolidated net loss to Rs 5,524 crore for the September quarter, down from Rs 7,176 crore in the corresponding period last year.
- Britannia Industries disclosed on Monday that Varun Berry, who has steered the company through a decade of robust growth and diversification, has stepped down from his roles as Executive Vice-Chairman, Managing Director, and Chief Executive Officer.
- Bajaj Finance reported a 22% year-on-year growth in its consolidated net profit for Q2, amounting to Rs 4,875 crore, up from Rs 4,000 crore during the corresponding period last year.
- Bharat Electronics The Navratna defence PSU has disclosed that it has obtained further orders amounting to Rs 792 crore since its previous update on October 30, during which it reported total orders of Rs 633 crore.
- Tata Motors is poised to launch on the stock exchanges on Tuesday, November 12, following the successful demerger into two distinct entities — one dedicated to commercial vehicles and the other to passenger vehicles, encompassing electric vehicles and Jaguar Land Rover (JLR).
- Bazaar Style Retail, supported by Rekha Jhunjhunwala, achieved profitability in the September quarter, reporting a consolidated net profit of Rs 51 crore, compared to a net loss of Rs 9 crore during the corresponding period last year.
- Hero MotoCorp’s electric mobility arm, VIDA, has expanded its VX2 lineup with the launch of the VX2 Go 3.4 kWh variant, presented by Union Road Transport and Highways Minister Nitin Gadkari.
- JK Tyre & Industries has announced intentions to allocate an extra Rs 5,000 crore over the forthcoming 5–6 years to enhance its production capacity, which includes the creation of specialized manufacturing lines targeted at export markets.
- HUDCO reported a 3% year-on-year increase in net profit, reaching Rs 709.8 crore for the quarter ending September 2025, compared to Rs 688.6 crore in the same period last year.