The benchmark indices opened positively on Wednesday, with the BSE Sensex increasing by 514.06 points, or 0.61%, to reach 84,385.38. The Nifty50 also recorded a gain of 151.00 points, or 0.59%, climbing to 25,845.95 in early trading. The Sensex closed at 83,871.32 on Tuesday and opened at 84,238.86 today, while the Nifty concluded at 25,694.95 before its opening at 25,834.30.
According to Hardik Matalia, Derivative Analyst at Choice Equity Broking Private Limited, “The benchmark Sensex and Nifty indices are expected to open on a positive note on November 12, following GIFT Nifty trends indicating gains of 140 points for the broader index.” His projections were confirmed as global markets continued to exhibit positive momentum overnight.
Adani Enterprises stood out as the top gainer on the Nifty50, surging 2.73% to ₹2,431.50 from its previous close of ₹2,366.80. Oil and Natural Gas Corporation also saw significant movement, rising 1.94% to ₹254.30 as compared to its prior close of ₹249.45. The energy sector experienced notable buying interest in the early trading session.
The information technology sector further fueled the rally, with Tata Consultancy Services advancing 1.51% to ₹3,093.00 from ₹3,047.00, and Tech Mahindra climbing 1.48% to ₹1,428.80 from ₹1,408.00. Eicher Motors also gained, increasing by 1.52% to ₹310.45 from ₹305.80.
On the downside, Shriram Finance led the laggards, dropping 0.84% to ₹825.30 from ₹832.30. Bajaj Auto decreased by 0.49%, trading at ₹8,851.00 compared to ₹8,895.00 previously, while SBI Life Insurance Company fell 0.41% to ₹1,989.20 from ₹1,997.30. Minor declines were seen in Apollo Hospitals Enterprise and JSW Steel, down 0.41% and 0.40% respectively, trading at ₹7,470.50 and ₹1,186.70.
Matalia also provided key technical levels for traders: “After a positive opening, Nifty can find support at 25,800, followed by 25,750 and 25,700. On the upside, 25,850 represents immediate resistance, followed by 25,900 and 26,000.”
Foreign Institutional Investors (FIIs) continued a selling trend for the second consecutive day on November 11, offloading equities worth ₹803 crore. Conversely, Domestic Institutional Investors (DIIs) maintained their buying momentum, purchasing equities worth ₹2,188 crore on the same day, offering essential support to the markets.
“The Nifty 50 index opened flat but faced selling pressure soon after. However, it found intraday support near the 25,450 mark and experienced a strong pullback, ultimately closing the session positively near the 25,700 level,” Matalia explained, referencing Monday’s trading behavior.
The India VIX, a measure of market volatility, increased by 1.54% on Monday and is now trading at 12.49, suggesting a cautious sentiment among market participants. “A positive hammer pattern has formed on the daily chart, indicating emerging buying interest from lower levels,” Matalia concluded.
He recommended investors adopt a “buy on dips” strategy while adhering to strict stop-loss levels to effectively manage risk in the current market landscape.
Published on November 12, 2025.
