- Summary
- The Sensex edged up 31.61 points to close at 81,911.01 while the Nifty 50 gained 44.30 points to end at 25,299.35 on Thursday, 12 November 2026, finishing a volatile session slightly higher as realty, bank and financial stocks moved up.
- Nifty Realty jumped 4% to lead the sectors, followed by PSU Bank, Media and Bank, while Auto fell the most, and the broader market did better than the benchmarks, with the SmallCap 100 up 1.12%.
- Page Industries fell 10% to its lower circuit as margins narrowed, life insurers rose up to 4% after strong October premium data, and Godrej Industries surged 8% after Temasek agreed to invest ₹2,500 crore in Godrej Capital.
- Brent crude slipped to $91.29 after reports that US Vice President JD Vance may hold direct talks with Iran to end the war in West Asia.
The Sensex rose 31.61 points, or 0.04%, to close at 81,911.01, while the Nifty 50 gained 44.30 points, or 0.18%, to end at 25,299.35. The indices moved up and down through the session before closing just above Wednesday’s levels. The gains in financial and realty stocks were mostly cancelled out by declines in a few large companies.
Mahindra & Mahindra, Nestle India and Power Grid were the top Nifty losers. Mahindra & Mahindra had been the top gainer on Wednesday, so some investors took profits. The broader market was much stronger: the Nifty MidCap 100 rose 0.85% and the Nifty SmallCap 100 gained 1.12%, which means most stocks did better than the flat close suggests.
Impact on the stock market
Sectoral gainers: Nifty Realty jumped 4% and was the best-performing sector by a wide margin, followed by Nifty PSU Bank, Nifty Media and Nifty Bank. Banks and other lenders continued the gains from Wednesday, helped by foreign buying and lower oil prices.
Sectoral losers: Nifty Auto declined the most, with Mahindra & Mahindra giving back some of the previous day’s gains.
| Sector/Index | Performance |
| IT & BPM sector | -0.41% |
| Healthcare sector | -0.32% |
| Oil & Gas sector | -0.54% |
| Real estate sector | 4.51% |
| PSU Bank in India | 1.51% |
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 % |
| HDFC Life | 597.80 | 4.23 |
| Shriram Finance | 1,003.80 | 3.58 |
| Bajaj Finance | 1,115.00 | 3.36 |
| SBI Life Insurance | 1,819.50 | 2.97 |
| SBI | 1,086.50 | 2.38 |
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 % |
| ONGC | 224.50 | -4.39 |
| HUL | 1,974.00 | -2.39 |
| Nestle | 1,260.90 | -2.10 |
| M&M | 3,399.00 | -1.90 |
| Power Grid Corp | 259.45 | -1.63 |
Market aftermath: Impact on stocks
Page Industries Q2: Shares Hit 10% Lower Circuit as Margins Narrow
Page Industries, which makes Jockey innerwear in India, fell 9.99% to ₹32,915 and hit its lower circuit, the maximum fall allowed in a single day. Revenue rose 11.5% to ₹1,439.6 crore from ₹1,291 crore, but net profit increased only 3.8% to ₹202.5 crore from ₹195 crore. For an expensive stock that investors value for its consistent profit growth, that gap was enough to trigger heavy selling.
The cause was weaker profitability. Operating profit rose 7.4% to ₹300.2 crore, slower than revenue, and the operating margin narrowed by 0.8 percentage points to 20.8% from 21.6%. In simple terms, Page earned less profit on each rupee of sales than a year ago. With this fall, the stock is now down 7.6% in 2026.
Life Insurers: Up to 4% Higher on Strong October Premium Data
Life insurance stocks rose to multi-month highs after industry data showed that first-year premium income, the money collected from new policies, rose 26.2% to ₹42,914 crore in October, faster than September’s 21.3% growth. From April to October, new premium income grew 21.4% to ₹2.89 lakh crore. HDFC Life gained nearly 4% to ₹595.50, its highest since the end of June, and was among the top Nifty gainers. SBI Life rose nearly 3% to ₹1,819, a three-month high, and Life Insurance Corporation gained over 2% to ₹409.
The picture varied by company. LIC’s new premium income jumped 31.3% to ₹25,316 crore, while SBI Life’s rose 11.6% to ₹3,556 crore. Nomura said that among private insurers, HDFC Life grew new business the fastest at 16%, followed by Axis Max Life at 14% and ICICI Prudential Life at 9%, while SBI Life grew just 2% against a strong month last year. Jefferies described October as a mixed month, noting that growth in policies sold to individuals slowed to 5% from 9% in September. Brokerages said group policies sold to companies are supporting growth for now, but a recovery in individual policy sales is what matters most over the longer term.
Godrej Industries: Up 8% as Temasek Invests ₹2,500 Crore in Godrej Capital
Godrej Industries surged 8% to ₹1,046 and was the top midcap gainer, taking its market value above ₹35,000 crore. Singapore’s Temasek, through its affiliate Jongsong Investments, will invest ₹2,500 crore in Godrej Capital, the group’s lending business, at a valuation of up to ₹28,000 crore. The Godrej group will still own about 80% of the business. The stock is up 1.5% in 2026, while the Nifty is down 3.3%.
The investment supports a large growth target. Godrej Capital currently manages loans worth ₹35,000 crore, including home loans, loans against property, business loans, gold loans and personal loans. It aims to reach ₹1 lakh crore by 2031, almost three times its current size. Chairperson Pirojsha Godrej said the group remains committed to that goal. Managing Director Manish Shah said the money will help Godrej Capital expand across India and invest in technology. An investment from a large global investor at this valuation shows confidence in the business, though the deal still needs regulatory approval.
Crude Oil: Brent Slips to $91 on Hopes of Direct US-Iran Talks
At 10.02 am, January Brent futures were at $91.29, down 1.58%, and WTI was at $85.30, down 1.42%. On the MCX, November crude fell 2.31% to ₹7,995 from ₹8,184, dropping below ₹8,000. Natural gas edged up 0.69% to ₹308.
The decline followed a Wall Street Journal report that Vice President JD Vance is considering face-to-face talks with a senior Iranian security official, and that President Trump has authorised him to negotiate. The report said these discussions are still at an early stage. Iran’s position remains firm: security chief Mohsen Rezaei said Iran will not allow any enriched nuclear material to leave the country and warned of consequences if the US launches new strikes. Separately, Russia and Ukraine agreed to a major prisoner exchange at talks in Abu Dhabi, although they remain divided on territory. Brent was above $116 in late October, so the fall to $91 is a significant relief for India’s import bill.
Conclusion
Thursday’s flat close hid a lot of activity. The Sensex rose only 31 points, but realty stocks jumped 4% and smallcaps gained 1.12%, while a few large companies held the indices back. Company news drove the biggest moves. Page Industries hit its lower circuit because its profit grew much more slowly than its sales, life insurers gained on strong October premium data, and Godrej Industries surged after Temasek’s ₹2,500 crore investment. Brent is now around $91 and the US and Iran may hold direct talks, so oil is less of a risk to the market than it was a few weeks ago. The market is no longer reacting mainly to oil prices, and company results and announcements are driving more of the moves.
