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Key gauges extend rally for 3rd day on strong global cues
Nov-12-2025

Indian equity benchmarks continued their upward momentum for the third straight day on Wednesday, supported by gains in IT and consumer durables shares amid a rally in global equities markets. Optimism over the anticipated resolution of the US government shutdown and growing expectations of interest rate cuts by the Federal Reserve also bolstered the sentiment.

Some of the important factors in trade:

Ind-Ra pegs India’s Q2 GDP growth at 7.2%: India Ratings & Research (Ind-Ra) has projected India's GDP to grow at 7.2 per cent in the second quarter of the current fiscal, with private consumption being the leading growth driver.  

Net direct tax collection grows 7% so far in FY26: Net direct tax collection has recorded a 7 per cent growth year-on-year at over Rs 12.92 lakh crore till November 10 this fiscal year, on higher corporate tax mop-up and slower refunds. It was about Rs 12.08 lakh crore in the year-ago period. 

Crisil’s FCI indicates improvement in domestic financial conditions in October: Crisil’s Financial Conditions Index (FCI) has showed an improvement in India’s domestic financial conditions in the month of October amid heightened optimism over country’s economic output. Crisil’s FCI rose to -0.3 in October, 2025 from -0.6 in September, 2025. 

Rupee falls against US Dollar: Indian rupee depreciated against the US dollar, weighed down by the strength of the American currency in the overseas market and elevated crude oil prices.

Global front: European markets were trading mostly in green as investors cheered data that showed Germany's consumer price inflation weakened in October after rising for two straight months. Asian markets settled mostly higher with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December. 

Finally, the BSE Sensex rose 595.19 points or 0.71% to 84,466.51 and the CNX Nifty was up by 180.85 points or 0.70% to 25,875.80.  

The BSE Sensex touched high and low of 84,652.01 and 84,166.75 respectively. There were 23 stocks advancing against 8 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.44%, while Small cap index was up by 0.76%.

The top gaining sectoral indices on the BSE were IT up by 1.95%, Consumer Durables up by 1.86%, TECK up by 1.77%, Telecom up by 1.23% and Auto up by 1.15%, while Realty down by 0.50%, Utilities down by 0.05% and Metal down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 4.46%, Tech Mahindra up by 3.34%, TCS up by 2.73%, Bajaj Finserv up by 2.42% and Adani Ports &SEZ up by 2.14%. On the flip side, Tata Steel down by 1.30%, Tata Motors Passenger down by 1.28%, TMCV down by 0.79%, Bharat Electronics down by 0.64% and Kotak Mahindra Bank down by 0.29% were the top losers.

Meanwhile, Union Finance Minister Nirmala Sitharaman has said that the implementation of next generation GST reforms on September 22 has led to a growth in sales across sectors, including automobiles, consumer durables, e-commerce among others. Further, Sitharaman said her Ministry would continuously work on further simplifying the Goods and Services Tax system.

She said Prime Minister Narendra Modi has been stressing the simplification of GST norms, rate cuts and product classifications. She said ‘He (Prime Minister Narendra Modi) wanted to ensure that small traders should benefit from GST reforms as it is they who take the products to the rural parts of the country.’

Moreover, she said ‘There have been several rounds of discussions and every time the prime minister has been extending all his support for the introduction of the next generation GST reforms. She stated as per his view, the rates have been reduced and classifications of the products has been simplified. she added ‘Now, there are only two rates -- 5 per cent and 18 per cent (as GST).’

Besides, talking to the 40 per cent GST tax levied on some products, Sitharaman said, ‘Those products which are described as super luxury products are taxed at 40 per cent. They are also called as SIN goods. For example, tobacco products like cigarettes come under this category.’

CNX Nifty touched high and low of 25,934.55 and 25,781.15 respectively. There were 35 stocks advancing against 15 stocks declining, while 1 stock remain unchanged on the index.    

The top gainers on Nifty were Asian Paints up by 6.58%, Adani Enterprises up by 5.00%, Tech Mahindra up by 3.48%, TCS up by 2.56% and Bajaj Finserv up by 2.49%. On the flip side, TMCV down by 1.49%, Tata Motors Passenger down by 1.30%, Tata Steel down by 1.29%, Shriram Finance down by 1.23% and Bharat Electronics down by 0.91% were the top losers.

European markets were trading mostly in green; France’s CAC rose 81.47 points or 1% to 8,237.70 and Germany’s DAX gained 276.54 points or 1.15% to 24,364.60, while UK’s FTSE 100 decreased 10.2 points or 0.1% to 9,889.40.

Asian markets settled mostly higher on Wednesday with Seoul shares rising sharply followed by progress toward ending the longest government shutdown in the US history. Japanese shares gained as yen slides, even after Japan's SoftBank Group sold its entire stake in Nvidia Corp for $5.83 billion to help bankroll AI investments. However, Chinese shares declined marginally ahead the release of key Chinese economic data for October, including credit growth, industrial output, and retail sales.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,000.14

-2.62

-0.07

Hang Seng

26,922.73

226.32

0.85

Jakarta Composite

8,388.57

22.05

0.26

KLSE Composite

1,631.61

-3.22

-0.20

Nikkei 225

51,063.31

220.38

0.43

Straits Times

4,568.91

26.71

0.59

KOSPI Composite

4,150.39

44.00

1.07

Taiwan Weighted

27,947.09

162.14

0.58
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