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Key gauges end volatile session marginally higher
Nov-12-2026

Indian equity benchmarks ended volatile session marginally higher on Thursday, amid sustained foreign fund inflows and lower crude oil prices. Foreign Institutional Investors (FIIs) bought equities worth Rs 12,563.33 crore on Wednesday, according to exchange data.  However, gains remained capped as traders kept an eye on release of India's October retail inflation data. 

Some of the important factors in trade:

India’s net direct tax collections rise 11.76% to Rs 14.42 lakh crore till November 10 of FY27: The Income Tax Department in its latest data has showed that India’s net direct tax collections increased 11.76 per cent year-on-year to Rs 14.42 lakh crore during April 1 and November 10, 2026 period of the current financial year (FY27).

India, Canada discuss ways to accelerate negotiations for proposed FTA: India and Canada have discussed ways to accelerate negotiations for the proposed free trade agreement (FTA), with a focus on strengthening bilateral trade and investment ties. Discussions took place between Commerce and Industry Minister Piyush Goyal and Canada's visiting Minister of International Trade, Maninder Sidhu, who is heading a Canadian delegation.

Govt extends Stand-Up India and Credit Guarantee Schemes for five years: In a significant step towards strengthening financial inclusion and promoting entrepreneurship, the Union Cabinet has approved the continuation of the Stand-Up India Scheme and Credit Guarantee Fund for Micro Units (CGFMU) for another five years, up to March 31, 2031. 

Govt bans lithium-ion battery black mass exports to strengthen domestic recycling: The Commerce Ministry has said that the government has banned exports of lithium-ion battery black mass to strengthen domestic recycling and recover critical minerals. Black mass is a powdery material obtained from shredding end-of-life lithium-ion batteries and battery manufacturing waste. 

Global front: European markets were trading higher as solid corporate earnings and easing concerns surrounding energy-driven inflation offset investor unease over the potential removal of Jensen Huang as Nvidia's chief executive. Asian markets ended mostly lower as persistent geopolitical tensions in the Middel East and Russia along with a widening controversy surrounding Nvidia CEO Jensen Huang prompted traders to book profits at higher levels after recent strong gains. 

Finally, the BSE Sensex rose 31.61 points or 0.04% to 81,911.01 and the CNX Nifty was up by 44.30 points or 0.18% to 25,299.35.

The BSE Sensex touched high and low of 82,325.61 and 81,576.15, respectively. There were 10 stocks advancing against 20 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 4.79%, Bankex up by 1.04%, Capital Goods up by 0.54%, Consumer Discretionary up by 0.26% and Industrials up by 0.24%, while Oil & Gas down by 0.82%, Telecom down by 0.82%, Auto down by 0.73%, Utilities down by 0.61% and TECK down by 0.58% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 3.37%, State Bank of India up by 2.27%, Bharat Electronics up by 1.59%, Bajaj Finserv up by 1.42% and ICICI Bank up by 1.04%. On the flip side, Hindustan Unilever down by 2.41%, Mahindra & Mahindra down by 2.27%, TCS down by 1.63%, Power Grid down by 1.52% and HCL Technologies down by 1.35% were the top losers.

Meanwhile, the Income Tax Department in its latest data has showed that India’s net direct tax collections increased 11.76 per cent year-on-year to Rs 14.42 lakh crore during April 1 and November 10, 2026 period of the current financial year (FY27). Net direct tax collections stood at Rs 12.90 lakh crore during the corresponding period of the previous financial year.

Of the total, net corporate tax collections increased by 17.91 per cent to Rs 6.32 lakh crore till November 10 of FY27 from Rs 5.36 lakh crore during the corresponding period last year. Besides, Securities Transaction Tax (STT) collections surged 51.56 per cent to Rs 54,077.90 crore during the reporting period, against Rs 35,681.88 crore a year earlier.

Net non-corporate tax collections, which include taxes paid by individuals, Hindu Undivided Families (HUFs), firms and other entities, rose to Rs 7.56 lakh crore from Rs 7.18 lakh crore in the corresponding period of the previous financial year. Direct tax refunds during the current fiscal year up to November 10 increased nearly 26 per cent to Rs 3.08 lakh crore.

Gross direct tax collections, before adjusting for refunds, rose 14.02 per cent to Rs 17.50 lakh crore during the reporting period, compared with Rs 15.35 lakh crore in the same period a year-ago. The direct tax figures cover collections from companies, individuals, Hindu Undivided Families (HUFs), firms, associations of persons (AoPs), bodies of individuals (BoIs), local authorities and artificial juridical persons.

The government has set a direct tax collection target of Rs 26.97 lakh crore for FY27, representing a 15 per cent increase over the Rs 23.40 lakh crore collected in FY26. As of November 10, the government had achieved around 53 per cent of its budgeted target, with net collections standing at Rs 14.42 lakh crore.

CNX Nifty touched high and low of 25,384.80 and 25,142.95, respectively. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 4.23%, Shriram Finance up by 3.58%, Bajaj Finance up by 3.36%, SBI Life Insurance up by 2.97% and State Bank Of India up by 2.38%. On the flip side, Nestle India down by 2.10%, Mahindra & Mahindra down by 1.90% and Power Grid down by 1.63%, Hindustan Unilever down by 1.47% and Trent down by 1.32% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 36.21 points or 0.33% to 10,871.68, France’s CAC rose 56.53 points or 0.68% to 8,389.40 and Germany’s DAX gained 214.23 points or 0.8% to 26,877.00.

Asian markets ended mostly lower on Thursday, driven by fresh uncertainty over the artificial intelligence and semiconductor sectors following a report that Nvidia's board was preparing to remove its co-founder and CEO, Jensen Huang. Meanwhile, major Chinese technology shares and benchmark indexes declined following reports that the US Commerce Department is preparing rules to block Chinese firms from remotely accessing advanced American AI processors. Further, traders overlooked Wall Street's overnight rally and falling crude oil prices amid growing hopes for Ukraine-Iran peace talks.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,655.83

-24.81

-0.67

Hang Seng

24,008.55

-307.37

-1.26

Jakarta Composite

5,250.90

135.86

2.59

KLSE Composite

1,585.96

-9.23

-0.58

Nikkei 225

60,819.36

-429.23

-0.70

Straits Times

5,282.70

-6.96

-0.13

KOSPI Composite

5,342.73

-32.63

-0.61

Taiwan Weighted

43,091.87

-1,165.28

-2.63
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