Indian Stock Markets Continue Bull Run for Third Consecutive Session
The Indian equity markets maintained their upward trajectory on Wednesday, November 12, marking the third straight session of gains driven by robust buying activity across multiple sectors. Benchmark indices climbed significantly during the trading session, reflecting growing investor confidence and improving market sentiment.
Benchmark Indices Show Strong Performance
The Sensex surged by an impressive 781 points during intraday trading, reaching a high of 84,652 points and representing nearly 1% growth. Similarly, the Nifty 50 index climbed approximately 1% to touch 25,934.55 points during the session. When markets closed for the day, the Sensex settled at 84,466.51 with a gain of 595 points (0.71%), while the Nifty 50 ended at 25,875.80, up by 180.85 points (0.70%).
According to Ajit Mishra, SVP of Research at Religare Broking Ltd, "Markets extended their uptrend on Wednesday, with the Nifty 50 closing at 25,875.80, up 0.47%. The index opened firm and maintained its upward momentum throughout the session, supported by strong buying in heavyweight counters across sectors."
Sectoral Performance and Market Drivers
Sectoral analysis revealed that IT, automotive, and pharmaceutical stocks outperformed other segments, while realty and metal sectors showed relatively muted performance. The overall market breadth remained positive, supported by nearly 1% gains in both midcap and smallcap indices, indicating broadening participation and improving risk appetite among investors.
The rally was primarily fueled by two key factors: optimism surrounding improving trade dialogue prospects between India and the United States, and encouraging second-quarter earnings from major corporations that further boosted investor sentiment.
Key Stocks in Focus
Several companies remained in the spotlight due to their quarterly results announcements and corporate developments:
Tata Steel reported exceptional performance with a 319% year-on-year increase in net profit for Q2, reaching ₹3,183 crore. Revenue grew by 8.9% to ₹58,689 crore, while EBITDA jumped 45% to ₹8,897 crore, with margins improving to 15.2%.
Cochin Shipyard witnessed a 43% year-on-year decline in net profit for Q2FY26 to ₹107.5 crore, while revenue decreased by 2.2% to ₹1,118.5 crore.
IRCTC posted an 11% year-on-year increase in net profit to ₹342 crore for Q2FY26, with revenue growing 7.7% to ₹1,146 crore.
State Bank of India entered into a non-binding term sheet with Care Ratings to acquire 29.7 lakh equity shares, representing a 9.9% stake in CareEdge Global IFSC (CGIL).
Vedanta faced government opposition to its planned demerger, with authorities pointing to unresolved claims amounting to ₹16,700 crore that might be at risk due to the restructuring.
SpiceJet reported a wider consolidated net loss of ₹621 crore for the September quarter, compared to ₹458 crore in the same period last year.
Lupin announced that its subsidiary inaugurated a dedicated oncology unit at its Vizag manufacturing facility in Andhra Pradesh, as part of its strategy to enhance contract development and manufacturing capabilities.
Nazara Technologies posted a significant jump in its Q2 FY26 profit to ₹885 crore, primarily driven by a one-time gain from the revaluation of its stake in Nodwin Gaming.
NTPC signed two agreements in Assam's healthcare sector—one to establish a burn ICU at Kokrajhar Medical College and Hospital, and another to offer nutritional support to tuberculosis patients.
Investors are advised to monitor stocks including Hero MotoCorp, Eicher Motors, LG Electronics India, GMR Airports, and Bharat Dynamics as these companies are scheduled to declare their second-quarter results.
