Indices continue to witness solid gains in late morning deals

Indian equity indices continued to witness solid gains in late morning deals as market participants indulged in enlarging their positions. Hectic buying in Tech Mahindra, TCS, Adani Ports, Eternal and Reliance Industries companies’ stocks helped the markets to trade above their crucial 84,500 (Sensex) and 25850 (Nifty) levels. Positive cues from the other Asian markets supported domestic sentiments. Sentiments also improved after Bihar exit polls indicated a likely win for the incumbent NDA alliance. Further, support also came in as the government in its latest data showed India’s net direct tax collection, which include personal income tax and corporate tax, recorded a 7 per cent growth year-on-year at over Rs 12.92 lakh crore till November 10 this fiscal year. It was about Rs 12.08 lakh crore in the year-ago period.

On the global front, Asian markets were trading mostly in green amid optimism about an end to the record-setting U.S. government shutdown of 42 days and expectations of the US Fed cutting interest-rate next month. Back home, all the sectoral indices on the BSE were trading in green led by IT, TECK, Auto, Energy and Consumer Disc.

The BSE Sensex is currently trading at 84524.90, up by 653.58 points or 0.78% after trading in a range of 84166.75 and 84533.24. There were 23 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.31%, while Small cap index up by 0.68%.

The top gaining sectoral indices on the BSE were IT up by 1.69%, TECK up by 1.47%, Auto up by 1.18%, Energy up by 0.99% and Consumer Disc up by 0.92%, while there were no losers.

The top gainers on the Sensex were Tech Mahindra up by 3.08%, TCS up by 2.26%, Adani Ports up by 1.95%, Eternal up by 1.60% and Reliance Industries up by 1.56%. On the flip side, Tata MotorsPassenger down by 0.76%, Bharat Electronics down by 0.71%, Tata Steel down by 0.64%, Hindustan Unilever down by 0.15% and Kotak Mahindra Bank down by 0.12% were the top losers.

Meanwhile, 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. This marks easier conditions but still below the long-term average. The FCI combines key market indicators such as interest rates, bonds, equities, and exchange rates into a single measure to show how tight or easy financing conditions are in an economy. Crisil highlighted that the rise in FCI was primarily driven by a return of foreign portfolio investors (FPIs) to Indian markets after four months, energising both debt and equity segments amid easing US yields and heightened optimism over India’s economic outlook as well as anticipated trade advances with the United States.

It has pointed out that the October witnessed robust FPI inflows, with investments totalling $4 billion, the first after four months and highest in the year so far. The debt segment inflows led with $2.1 billion, while equities rebounded with $1.7 billion, reversing previous outflows. It noted that the domestic markets have posted their strongest monthly gains since May, aided further by the Reserve Bank of India’s (RBI) proposed reforms to improve credit flow by revising lending norms, alongside a broadly stable Rupee and improving credit growth. Despite these supportive factors, moderating liquidity emerged as a drag, attributed to increased currency circulation during the festive season and likely RBI dollar sales aimed at protecting the rupee.

However, it said that the liquidity surplus was cushioned by a 25-basis point cut in the Cash Reserve Ratio (CRR), which helped buffer the banking system. Further, Indian equity indices, the Sensex and Nifty 50, rose 2.2 per cent each on average in October, with the RBI raising its GDP growth forecast to 6.8 per cent from 6.5 per cent. Moreover, the rupee remained steady at 88.4 to the dollar, supported by FPI flows and RBI intervention, while bond yields held firm at 6.52 per cent. Besides, it noted that Brent crude prices eased 4.9 per cent on-month and were 14.6 per cent lower on-year, driven by supply adequacy and slowing global growth concerns. Going forward, Crisil expects the FCI to remain within the comfort zone for the rest of fiscal 2026, buoyed by the CRR cuts and potential for further rate reductions.

The CNX Nifty is currently trading at 25887.10, up by 192.15 points or 0.75% after trading in a range of 25781.15 and 25889.55. There were 37 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 4.78%, Tech Mahindra up by 3.15%, TCS up by 2.28%, Adani Ports up by 1.91% and ONGC up by 1.76%. On the flip side, Max Healthcare down by 1.63%, Shriram Finance down by 0.81%, JSW Steel down by 0.74%, Tata MotorsPassenger down by 0.70% and Tata Steel down by 0.62% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 121.07 points or 0.24% to 50,964.00, Taiwan Weighted added 283.24 points or 1.01% to 28,068.19, Jakarta Composite gained 37.19 points or 0.44% to 8,403.71, KOSPI increased 43.34 points or 1.06% to 4,149.73, Hang Seng advanced 185.59 points or 0.7% to 26,882.00 and Straits Times rose 17.42 points or 0.38% to 4,559.62. However, Shanghai Composite weakened 7.03 points or 0.18% to 3,995.73.