Is the Indian Stock Market Rising for the Third Consecutive Day This Week?
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Synopsis
The Indian stock market continues its upward trajectory, with indices closing positively for the third day in a row. Strong performances in the IT, pharma, and auto sectors have driven this growth. Analysts cite supportive economic fundamentals and global sentiment as key factors behind this bullish trend.
Key Takeaways
- Sensex closed at 84,466.51, up 0.71%.
- Nifty finished at 25,875.80, gaining 0.70%.
- Buying in IT, pharma, and auto sectors fueled the rise.
- Supportive domestic macro fundamentals bolster market momentum.
- The rupee traded at 88.62, down by Rs 0.06.
Mumbai, Nov 12 (NationPress) Indian equity indices concluded on a positive note on Wednesday, extending the upward trend for the third consecutive day this week, fueled by continuous buying in the IT, pharmaceutical, and automobile sectors.
The Sensex wrapped up at 84,466.51, gaining 595.19 points or 0.71 percent. The 30-share index initiated the day with a significant gap-up at 84,238.86, compared to the previous session's close of 83,871.32. The index maintained its early momentum, reaching an intra-day high of 84,652.01 amid robust buying in major IT and automobile stocks.
The Nifty finished at 25,875.80, up 180.85 points or 0.70 percent.
"Global equities surged due to a renewed risk appetite, prompted by optimism regarding the anticipated resolution of the U.S. government shutdown and rising expectations of early Fed cuts amidst indications of a cooling U.S. labor market," stated Vinod Nair, Head of Research at Geojit Investments Limited.
Emerging markets outperformed, reflecting improved global sentiment.
Supportive domestic macroeconomic fundamentals—including easing CPI and WPI inflation, a strong GDP outlook, and optimistic H2 FY26 earnings expectations—continue to bolster positive market momentum, he added.
TCS, Adani Ports, Bharti Airtel, Infosys, and Sun Pharma were among the winners in the Sensex portfolio. On the downside, Tata Steel, Tata Motors PV, and Tata Motors CV ended in negative territory.
Most sectoral indices maintained their upward momentum due to value buying. Nifty IT surged 738 points or 2.04 percent, Nifty Auto rose 336 points or 1.24 percent, Nifty Bank jumped 136 points or 0.23 percent, and Nifty Fin Services closed 82 points or 0.12 percent higher.
The broader market followed suit, with Nifty smallcap 100 increasing 149 points or 0.82 percent, Nifty midcap 100 up 475 points or 0.79 percent, and Nifty 100 ending the session 160 points or 0.61 percent higher.
The Rupee traded lower by Rs 0.06 at 88.62 in a subdued session, remaining within a narrow range as traders awaited key economic indicators.
The dollar index remained largely stable around $99.60, displaying limited directional movement. Market players are now focusing on this week’s U.S. CPI data, which is anticipated to provide fresh catalysts for the dollar’s trajectory and subsequently influence rupee movements, analysts noted.
For the time being, the rupee is expected to remain range-bound, with an anticipated trading band between 88.40 and 88.85, they added.
Point of View
I firmly believe that the Indian stock market's resilience showcases its potential for growth despite global uncertainties. The increasing activity in key sectors highlights investors' confidence and sets a positive tone for the economy.
NationPress
13/11/2025
Frequently Asked Questions
What sectors are driving the Indian stock market's rise?
The IT, pharma, and auto sectors are significantly contributing to the recent gains in the Indian stock market.
What is the current performance of the Sensex?
The Sensex closed at 84,466.51, up 595.19 points or 0.71 percent.
What factors are influencing the market's positive trend?
Key factors include easing inflation, strong GDP outlook, and positive global sentiment.
What is the expected trading range for the rupee?
The rupee is expected to stay range-bound between 88.40 and 88.85.
