MUMBAI | November 12, 2025
Indian equities notched a third straight advance on Wednesday, with the BSE Sensex jumping 595 points (0.71%) to 84,466.51 and the NSE Nifty 50 settling 180.85 points higher (0.70%) at 25,875.80. Gains were broad across sectors, led by technology and autos, as global risk appetite improved and domestic sentiment got a lift from political and macro signals.
Key takeaways
- Closing print: Sensex 84,466.51 (+595); Nifty 25,875.80 (+181).
- Breadth: All major sectoral indices ended higher except realty; Nifty IT outperformed, up about 2%.
- Macro surprise: India’s October CPI collapsed to a record-low 0.25%, with food inflation at -5.02%.
- New listing:Billionbrains Garage Ventures (Groww’s parent) debuted strongly; valuation around ₹761 billion (~$8.6bn), after opening at a premium and extending gains through the day.
- FX check: The rupee closed at 88.63 per U.S. dollar, marginally weaker on the day.
What drove the market
Optimism around progress in India–U.S. trade talks, signs of a resolution to the U.S. government shutdown, and supportive domestic political cues (Bihar exit polls indicating a likely NDA win) underpinned risk sentiment. Firm global equities during European trade added momentum.
Sector heatmap & broader market
Barring realty, all sectors closed in the green. IT, auto, telecom, media and consumer durables rose 1–2%. In the broader market, Nifty Midcap hit a fresh 52‑week high, while smallcaps also advanced. Nifty Bank finished at 58,274.65 (up 0.23%), inching closer to its 52‑week high.
Top movers
On the Nifty, Asian Paints, Adani Enterprises, Tech Mahindra, TCS and HDFC Life featured among the biggest gainers, while Tata Steel, Bharat Electronics, Shriram Finance and Grasim lagged. Asian Paints rallied after reporting a 43% YoY profit jump in Q2 and declaring an interim dividend of ₹4.5/share.
IPO & stock‑specific action to watch
- Groww parent listing:Billionbrains Garage Ventures opened above issue price and was valued near ₹761 billion (~$8.6bn) by midday trading, breaking a recent streak of weak debuts; the stock later closed ~31% above the IPO price on the BSE.
- BSE Ltd: Shares rose over 5% after the exchange reported a 61% YoY jump in Q2 profit, aided by derivatives growth.
- Ashok Leyland: The commercial vehicle maker posted flat quarterly profit as costs weighed, tempering gains in some industrial names.
Macro picture: inflation shocker
Post‑close, official data showed headline CPI at just 0.25% in October, the lowest in the current CPI series, with food prices down 5.02% YoY. The Ministry of Statistics cited the impact of recent GST rate cuts alongside softer food prices. The disinflation surprise strengthens the case for easier financial conditions into year‑end, all else equal.
Currency & global cues
The rupee ended at 88.63/$, down 0.1% on the day. European equities hit record highs during the session as hopes grew for a U.S. shutdown resolution, keeping global risk appetite supported.
Technical & near‑term outlook
Market technicians noted a continuation pattern after a gap‑up open and see immediate Nifty support around 25,700 with potential tests of 26,000–26,200 if momentum holds; on the Sensex, 84,000 is viewed as a key near‑term support zone.
Market at a glance (Nov 12, 2025)
- Sensex: 84,466.51 (+0.71%)
- Nifty 50: 25,875.80 (+0.70%)
- Nifty Bank: 58,274.65 (+0.23%)
- Leaders: Asian Paints, Adani Enterprises, Tech Mahindra, TCS, HDFC Life
- Laggards: Tata Steel, Bharat Electronics, Shriram Finance, Grasim
- Rupee: 88.63 per USD (‑0.1%)
- Macro: CPI 0.25% in October; food inflation −5.02% YoY.
This article is based on market data and official releases available up to the close on November 12, 2025.
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