Market at Close | Sensex jumps 561 points, Nifty near 25,900 as Midcap index hits record high

Equity benchmark indices Sensex and Nifty extended their winning streak for the third consecutive session on Wednesday (November 12), driven by broad-based gains across sectors.

The Sensex rose 561 points to close at 84,432, while the Nifty advanced 181 points to settle at 25,876. The market breadth favoured advances, with the broader markets gaining in line with the benchmarks.

The Midcap Index hit a fresh record high, crossing its earlier level of 60,926 and ending 475 points higher at 60,902. The Nifty Bank index gained 136 points to close at 58,275, though it relatively underperformed the headline indices.

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Asian Paints emerged as the top Nifty gainer, soaring 6% after reporting an all-round beat in its Q2 results. The stock’s performance lifted other paint companies as well, with Berger Paints and Indigo Paints rising 4% each. However, Grasim Industries erased gains and ended at the day’s low following Asian Paints’ strong quarterly showing.

Adani Group stocks advanced, with Adani Enterprises

up 5% and Adani Ports gaining 2%. Reliance Industries was the top contributor to the Nifty’s rise, climbing to its highest level in five months.

IT stocks witnessed buying interest after Donald Trump’s comments regarding H-1B visas, pushing the Nifty IT index up 2%. Among individual names, Biocon and Max Financial Services surged on positive management commentary post their earnings releases.

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On the weaker side, PI Industries gave a subdued outlook, leading the stock to fall over 5%, while Thermax declined 4% after reporting a weak set of results. Hindustan Aeronautics Ltd (HAL) missed estimates in Q2, ending the session 3% lower.

Parag Milk Foods and Kirloskar Oil Engines rallied following strong Q2 results. BSE Ltd reported operationally strong results, lifting sentiment across other capital market-related names. Newly listed Groww continued its momentum, ending its first day on Dalal Street 30% higher.