Markets end higher on value buying led by IT, Teck stocks

Indian equity benchmarks settled higher on Monday tracking gains across global markets after reports suggested that the United States Congress is close to reaching a deal to end the country’s longest-ever government shutdown. Markets made a cautious start but soon gained some traction on account of value buying after selling in previous three sessions, and foreign fund inflows. Indices touched day’s highs in late morning session and maintained their gains for most part of the session led by buying in IT and Teck stocks. In dying hours of the trade, markets came off the day’s high and ended with gains of over 0.30% each.

Some of the important factors in trade:

Renewed buying interest by FIIs: Foreign institutional Investors’ (FIIs) renewed interest in Indian equities has kept the sentiments upbeat. The FIIs were net buyer on Friday’s session, with a net buying of equities worth Rs 4,581.34 crore on November 8, 2025. 

India's economic growth projected above 6.8% in FY26: Some optimism came as Chief Economic Advisor V Anantha Nageswaran exuded confidence that economic growth would be upwards of 6.8% in FY26 driven by consumption boost provided by GST rate cut and income tax relief. 

Proposed FTA between India, New Zealand likely to enhance trade flows: Traders took note of the commerce ministry’s statement that the proposed FTA between India and New Zealand is expected to enhance trade flows, deepen investment linkages and strengthen supply-chain resilience. 

Sugar stocks remain in focus: Food Minister Pralhad Joshi said that the Centre has decided to allow export of 1.5 million tonne (MT) of sugar for the 2025-26 sugar season that started from October. Food Ministry has also decided to remove 50 per cent export duty on molasses.

Global front: European markets were trading in green, while Asian markets ended mostly higher on Monday after U.S. lawmakers moved closer to ending the record-breaking government shutdown that has rattled investors and disrupted key services. Meanwhile, China’s consumer prices returned to growth in October, a pivotal moment after months of deflation worries.

Finally, the BSE Sensex rose 319.07 points or 0.38% to 83,535.35 and the CNX Nifty was up by 82.05 points or 0.32% to 25,574.35. 

The BSE Sensex touched high and low of 83,754.49 and 83,197.67 respectively. There were 18 stocks advancing against 12 stocks declining on the index.   

The broader indices ended mixed; the BSE Mid cap index rose 0.62%, while Small cap index was down by 0.28%.

The top gaining sectoral indices on the BSE were IT up by 1.57%, TECK up by 1.43%, Capital Goods up by 1.24%, Industrials up by 0.66% and Consumer Durables up by 0.62%, while Utilities down by 0.36%, Realty down by 0.29%, Consumer Discretionary down by 0.13%, FMCG down by 0.11% and Telecom down by 0.09% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 2.52%, HCL Technologies up by 1.88%, Bajaj Finance up by 1.76%, Asian Paints up by 1.28% and Tata Motors Passenger Vehicles up by 1.20%. On the flip side, Trent down by 7.41%, Eternal down by 1.49%, Power Grid down by 1.36%, Ultratech Cement down by 0.85% and Mahindra & Mahindra down by 0.77% were the top losers.

Meanwhile, Union Minister of Commerce and Industry Piyush Goyal held bilateral discussions with Minister for Trade and Tourism of Australia Senator the Hon. Don Farrell and Minister for Skills and Training Andrew Giles, focused on unlocking the full potential of the India-Australia Economic Partnership, including through an ambitious and balanced India-Australia Comprehensive Economic Cooperation Agreement (CECA).

During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships. The discussions covered a wide range of areas, including trade in goods, services, investment and mutually beneficial cooperation.

Both sides reaffirmed their commitment to work constructively towards the early conclusion of a balanced and mutually beneficial CECA, building on the foundation of the India-Australia Economic Cooperation and Trade Agreement (ECTA), which entered into force in December 2022. Meanwhile, in FY 2024-25, bilateral merchandise trade between India and Australia stood at $24.1 billion, with India’s exports registering a growth of 14% in 2023-24 and a further 8% in 2024-25.

CNX Nifty touched high and low of 25,653.45 and 25,503.50 respectively. There were 32 stocks advancing against 18 stocks declining on the index.    

The top gainers on Nifty were Infosys up by 2.49%, HCL Technologies up by 1.86%, Bajaj Finance up by 1.73%, Wipro up by 1.42% and Coal India up by 1.42%. On the flip side, Trent down by 7.43%, Max Healthcare Inst down by 3.29%, Tata Consumer Products down by 2.10%, Eternal down by 1.52% and Apollo Hospital Enterprise down by 1.47% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 101.43 points or 1.05% to 9,784.00, France’s CAC rose 105.72 points or 1.33% to 8,055.90 and Germany’s DAX gained 401.14 points or 1.7% to 23,971.10.

Asian markets settled mostly higher on Monday with Seoul shares gaining by the government's proposed dividend tax reform and US senators’ bipartisan deal to reopen the government after a lengthy 40-day federal government shutdown. Chinese shares gained after data showed that China's producer price deflation eased in October while consumer prices returned to positive territory. Moreover, Hong Kong shares jumped, led by technology shares as they rebounded from last week's sell-off on valuation concerns.