- Summary
- The Sensex rose 772.75 points to close at 81,879.40 while the Nifty 50 gained 210.40 points to end at 25,255.05 on Wednesday, 11 November 2026, giving up some of its intraday gains but still closing firmly higher as energy prices eased and foreign investors returned as buyers.
- Nifty PSU Bank led the sectors with a gain of nearly 3%, banks and autos also outperformed, and the Nifty SmallCap 100 rose 1.59%, while IT and Healthcare lagged.
- Fertiliser stocks gained up to 9% after the Cabinet approved a ₹62,370 crore subsidy, Indian AI-related stocks rose up to 9% on the back of Anthropic’s planned listing and strong CoreWeave results, and Rentomojo jumped 10% on a 125% rise in quarterly profit.
- Brent crude traded at $92.42, far below the $116 levels seen in late October, as oil exports from the Persian Gulf recovered to 80-85% of pre-war levels.
The Sensex rose 772.75 points, or 0.95%, to close at 81,879.40, while the Nifty 50 gained 210.40 points, or 0.84%, to end at 25,255.05. The index gave back some gains later in the session but held most of them. The two main drivers were lower energy prices and foreign investors buying Indian shares again after a period of selling.
Mahindra & Mahindra, InterGlobe Aviation and Trent were the top Nifty gainers. All three benefit when oil prices fall: carmakers, airlines and retailers all have lower costs and stronger consumer demand when fuel is cheaper. The broader market also gained, with the Nifty MidCap 100 up 0.81% and the Nifty SmallCap 100 up 1.59%.
Impact on the stock market
Sectoral gainers: Nifty PSU Bank rose the most, gaining nearly 3%, while Nifty Bank, Nifty Private Bank and Nifty Auto also outperformed. Banks gain from foreign buying because they make up a large part of the indices foreign investors track, and auto stocks benefit directly from lower fuel prices.
Sectoral losers: Nifty IT and Nifty Healthcare underperformed. Even though AI stocks rose around the world, investors preferred stocks linked to Indian domestic growth over IT services companies.
| Sector/Index | Performance |
| IT & BPM sector | -0.53% |
| Healthcare sector | -0.32% |
| Oil & Gas sector | 0.82% |
| Real estate sector | -0.42% |
| PSU Bank in India | 2.94% |
Top gainers today
Here are the stocks that delivered the Top gainers in today’s trading session. The table below lists each company along with its share price and percentage change for the day.
| Company | Share Price (in ₹) | Change % |
| M&M | 3,465.00 | 5.30 |
| Interglobe Avi | 5,665.00 | 4.33 |
| Trent | 3,222.70 | 3.32 |
| Tata Steel | 189.28 | 2.40 |
| BSE Limited | 3,906.00 | 2.34 |
Top losers today
Here are the stocks that saw the Top losers in today’s trading session. The table below lists each company along with its share price and percentage change for the day.
| Company | Share Price (in ₹) | Change % |
| Adani Ports | 1,907.00 | -1.84 |
| ICICI Bank | 1,571.60 | -1.10 |
| Tech Mahindra | 1,788.50 | -0.91 |
| HCL Tech | 1,395.00 | -0.85 |
| Nestle | 1,288.00 | -0.76 |
Market aftermath: Impact on stocks
Fertiliser Stocks: Up to 9% Higher on ₹62,370 Crore Subsidy
Fertiliser stocks moved sharply higher after the Union Cabinet approved a ₹62,370 crore subsidy for phosphate and potash fertilisers for the winter crop season, which runs from October 2026 to 31 March 2027. Fertilisers and Chemicals Travancore (FACT) gained the most, closing 8.67% higher at ₹813.25. Coromandel International, Rashtriya Chemicals and Fertilisers, and Deepak Fertilisers each rose about 6%, Gujarat State Fertilisers and Chemicals gained more than 3%, and Chambal Fertilisers rose 1.65%.
The subsidy matters because fertiliser costs have risen sharply due to the West Asia conflict and the Russia-Ukraine war. Under India’s system, the government pays companies the difference between what it costs to make or import fertiliser and the price farmers pay. Minister Ashwini Vaishnaw said the price of di-ammonium phosphate (DAP), one of the most widely used fertilisers, will stay unchanged at ₹1,350 for a 50-kg bag. For the companies, this means steady sales volumes and less risk to their profits from higher input costs.
AI Stocks: Up to 9% Higher as Anthropic’s Listing and CoreWeave Lift Sentiment
Indian AI-related stocks rose up to 9% as optimism about AI returned to global markets. Black Box gained 9%, Netweb Technologies rose 7% to ₹4,108.6, E2E Networks climbed 5%, ESDS Software rose 4.2%, and Anant Raj gained 4%. Power equipment makers, which supply the electrical systems data centres need, also rose: Hitachi Energy India gained 4.4%, CG Power 2.5% and GE Vernova T&D India 2.2%.
Two global developments drove the moves. First, Anthropic, the company behind the Claude chatbot, started marketing its stock market listing, which could value it at up to $1.4 trillion. It aims to raise up to $64.4 billion by selling 825 million shares at $70-78 each, with trading on the Nasdaq expected to begin on 19 November. Orders reportedly covered all the shares on offer at launch, and Taiwan Semiconductor’s board approved buying up to $500 million of Anthropic shares at the listing price. Second, AI computing company CoreWeave reported strong quarterly revenue and said it expects to become profitable in the first half of 2028. However, the risks remain. Nvidia lost $430 billion in market value over the previous two days, and higher-than-expected US inflation has increased the chance that the US Federal Reserve raises interest rates, which usually hurts technology stocks.
Rentomojo Q2: Profit More Than Doubles From the Previous Quarter
Rentomojo’s shares fell nearly 3% early in the session before reversing and rising as much as 10% to ₹649.80. The early selling came because net profit was 63% lower than a year ago. However, last year’s profit of ₹48.60 crore included a one-time tax credit of ₹32.84 crore, while this quarter the company paid more than ₹6 crore in tax. Once investors accounted for that, the results looked much better.
Compared with the June quarter, net profit rose 125% to ₹18 crore from ₹8 crore. Revenue grew 53% year-on-year to ₹142 crore from ₹93 crore, which shows strong demand for renting furniture and appliances instead of buying them. The stock was trading 5.21% higher at ₹622.25 around 2 pm. Rentomojo listed in September at ₹482.45 on the NSE and has gained steadily since.
Crude Oil: Brent at $92 as Gulf Exports Recover
At 10.02 am, January Brent futures were at $92.42, up 1.02%, and WTI was at $86.63, up 0.69%. On the MCX, November crude traded at ₹8,128, up 0.40% from ₹8,096. The rise followed industry data showing that US crude stockpiles fell 9.8 million barrels in the week to 6 November, much more than the roughly 1 million barrels analysts expected. Official government figures were due later in the day.
The bigger picture is improving for India. Brent has fallen from about $116 in late October to $92. ING estimates that crude exports from the Persian Gulf have recovered to 80-85% of pre-war levels, although shipments of refined fuels are only at 35-40%. Reports that Iran may be softening its position on control of the Strait of Hormuz have also reduced fears of a long disruption. The risks have not disappeared, though: 37 ships were attacked in and around the strait in October, and 10 more attacks have been recorded so far in November.
Conclusion
The Sensex gained 773 points to reach 81,879 and the Nifty closed above 25,200, with lower oil prices and renewed foreign buying lifting banks, autos and companies that benefit from cheaper fuel. Outside the benchmarks, government policy and global events drove the biggest moves. A ₹62,370 crore subsidy lifted fertiliser makers, Anthropic’s planned listing and CoreWeave’s results boosted Indian AI-related stocks, and Rentomojo showed why investors look past one-time items to the underlying numbers. With Brent down to $92 from $116 three weeks ago, the main risk to the market has eased considerably. The next things to watch are US interest rates and whether shipping through the Strait of Hormuz becomes safer.
