Benchmarks extend gains during late afternoon session supported by strong capital inflows from foreign institutional investors (FIIs) and rupee strength. FIIs were the net buyers in Thursday’s session, buying securities worth Rs 14,974.68 crore. Sentiments also remained upbeat as the rupee strengthened against the US dollar by 39 paise to trade at 94. Further, investors remained sanguine about India-US trade deal post Democrats’ victory in US mid-term election. GTRI founder Ajay Srivastava said US President Donald Trump’s political setback in the November 2026 midterm elections could accelerate India-US trade negotiations, with an agreement potentially concluded within two months. He said the results may push Trump to prioritise trade discussions and expedite the proposed deal, which is reportedly nearing completion despite some remaining differences.
On the global front, All Asian and European equity markets were trading lower tracking losses from Wall Street overnight. AI-related stock came under significant selling pressure amid concerns about valuation and spending.
The BSE Sensex is currently trading at 80600.33, up by 1290.32 points or 1.63% after trading in a range of 79016.05 and 80605.15. There were 22 stocks advancing against 8 stocks declining on the index.
The top gaining sectoral indices on the BSE were Bankex up by 1.82%, Consumer Durables up by 1.45%, Auto up by 0.53%, Healthcare up by 0.30% and Consumer Discretionary up by 0.25%, while Capital Goods down by 2.03%, Industrials down by 1.55%, Telecom down by 1.02%, Power down by 0.77% and Realty down by 0.66% were the top losing indices on BSE.
The top gainers on the Sensex were Mahindra & Mahindra up by 4.59%, ICICI Bank up by 2.96%, HDFC Bank up by 2.61%, Titan Company up by 2.56% and Sun Pharmaceutical Industries up by 2.04%. On the flip side, Power Grid Corporation down by 1.63%, Bharat Electronics down by 1.03%, Interglobe Aviation down by 0.97%, Asian Paints down by 0.69% and Bajaj Finance down by 0.61% were the top losers.
Meanwhile, in a move to strengthen the availability of funds with State Governments ahead of the festive season, the union government has released regular instalment of tax devolution to State Governments amounting to Rs 1,09,019 crore on November 5, 2026. The monthly instalment normally released on November 10, 2026 has been advanced and released on November 5, 2026.
Uttar Pradesh received the largest allocation of Rs 19,208 crore, followed by Bihar at Rs 10,845 crore and Madhya Pradesh at Rs 8,010 crore. West Bengal received Rs 7,866 crore, Maharashtra Rs 7,022 crore and Rajasthan Rs 6,460 crore. Among other states, Odisha was allocated Rs 4,819 crore, Andhra Pradesh Rs 4,597 crore, Karnataka Rs 4,504 crore, Tamil Nadu Rs 4,466 crore and Gujarat Rs 4,094 crore.
Further, Jharkhand received Rs 3,660 crore, Chhattisgarh Rs 3,602 crore, Assam Rs 3,552 crore, Keralam Rs 2,597 crore, Telangana Rs 2,370 crore and Punjab Rs 2,176 crore. The allocations included Rs 1,484 crore for Haryana, Rs 1,476 crore for Arunachal Pradesh, Rs 1,244 crore for Uttarakhand and Rs 996 crore for Himachal Pradesh.
The CNX Nifty is currently trading at 24863.50, up by 326.90 points or 1.33% after trading in a range of 24388.05 and 24869.95. There were 38 stocks advancing against 12 stocks declining on the index.
The top gainers on Nifty were Mahindra & Mahindra up by 4.17%, ICICI Bank up by 4.04%, Titan Company up by 3.12%, Adani Ports & SEZ up by 2.79% and HDFC Bank up by 2.74%. On the flip side, Power Grid Corporation down by 1.03%, Shriram Finance down by 1.00%, Eicher Motors down by 0.96%, Tata Motors Passenger Vehicles down by 0.70% and Adani Enterprises down by 0.70% were the top losers.
All Asian equity markets were trading lower; Nikkei 225 slipped 3827.9 points or 6.69% to 57,250.00, Taiwan Weighted lost 1873.08 points or 4.72% to 39,701.64, Hang Seng declined 337.98 points or 1.38% to 24,459.00, KOSPI dropped 324.11 points or 6.41% to 5,059.69, Straits Times fell 117.96 points or 2.23% to 5,178.29, Shanghai Composite weakened 40.73 points or 1.12% to 3,649.18 and Jakarta Composite plunged 1.61 points or 0.03% to 5,028.65.
All European equity markets were trading lower; UK’s FTSE 100 decreased 161.91 points or 1.5% to 10,620.75, France’s CAC fell 94.27 points or 1.15% to 8,111.10 and Germany’s DAX lost 371.61 points or 1.41% to 25,953.40.