Market Close Report Today, November 12, 2026: Nifty, Sensex Pause The Party

The muted performance came after a strong November rally, with the Nifty 50 and Sensex having gained 10% each so far this month. Foreign portfolio investors (FPIs) purchased Indian equities worth Rs 12,563 crore on Wednesday, taking their net purchases in November to $6.43 billion. This marked their strongest monthly buying since September 2024. The sustained foreign inflows have helped reverse the trend for Indian equities, which had underperformed emerging-market peers over the previous two years amid elevated crude oil prices and limited exposure to the global artificial intelligence-driven rally.

Realty, Media stocks lead sectoral gains; Auto, FMCG drag

Sectoral performance was mixed, with the Nifty Realty index emerging as the top performer, rising 3.7%. The Nifty Media index advanced 2.4%, while the Nifty PSU Bank index gained 1.4%. Banking stocks also witnessed buying interest, with the Nifty Bank and Nifty Private Bank indices rising 1% and 0.87%, respectively. On the other hand, the Nifty Auto index was the biggest sectoral laggard, declining 1%. The Nifty Pharma index fell 0.57%, while FMCG and Oil & Gas slipped 0.88% and 0.76%, respectively. Nifty Energy and Infrastructure indices shed 0.6% each, while the Nifty IT index declined 0.4%.

Stock-specific action

Among individual stocks, HDFC Life, Bajaj Finance, Shriram Finance, SBI Life Insurance and State Bank of India were among the top Nifty 50 gainers. Bajaj Finance gained 3.4%, while SBI advanced 2.4%. Shriram Finance rose 3.6%. On the losing side, ONGC shares plunged 1%, while Hindustan Unilever declined 1.5%. Mahindra & Mahindra fell 1.9%, and Nestle India shed 2.1%. In the broader market, Godrej Industries surged 11.9%, Paytm gained 7.3%, and Kalyan Jewellers advanced 7.1%. Meanwhile, Page Industries shares plunged 12.9%, emerging as one of the biggest losers in the Nifty Midcap 150 index. The stock came under pressure following its September-quarter results.

Crude oil, US bond yields and foreign flows in focus

Lower crude oil prices continued to provide a supportive backdrop for Indian equities. Brent crude futures fell more than 1% to around $91.80 per barrel amid hopes of progress in peace talks involving the Middle East and Russia-Ukraine conflict. Lower oil prices are particularly favourable for India, a major crude importer, as they help ease concerns around inflation, the current account deficit and corporate input costs. However, the upside remained constrained by elevated US bond yields. The US 10-year Treasury yield hovered near 4.99%, raising concerns about the attractiveness of emerging-market assets and limiting the scope for further gains after the recent rally. The Indian rupee weakened against the US dollar, ending 34 paise lower at 94.03 compared with its previous close of 93.69.

Investors will also track developments around stocks entering and exiting the MSCI India index. Adani Green Energy, Coforge, Life Insurance Corporation of India and Meesho have been added to the index, while PI Industries has been removed. Separately, Bajaj Finance rose 3.4% after launching a share sale of more than $1 billion to institutional investors, while Tata Power declined 0.8% after naming Sanjay Banga as its CEO and reporting a nearly 49% year-on-year rise in second-quarter profit.

Going forward, the sustainability of foreign fund inflows, movements in crude oil prices, US bond yields and the rupee will remain key drivers of market sentiment. After the sharp November rally, investors may increasingly look for fresh triggers before extending their bullish bets.

Source

• NSE
• BSE