Benchmarks have relinquished some gains in late trade as traders opted books some profit following recent gains made by the markets. Besides, weakness among IT stocks weighed on bourses after hotter-than-expected US consumer inflation solidify expectations of interest rate hike by US Federal Reserve in December. Majority clientele of Indian IT companies is based in US and higher interest rate affects the discretionary IT spending, which may weigh on Indian IT players’ earning in coming quarters. Meanwhile, markets continued to trade in positive territory amid overnight fall in global crude oil prices. The Brent crude oil prices have retreated to trade near $91 a barrel mark after US President Donald Trump statement indicating US-Israel war on Iran is effectively over.
On the global front, Asian equity markets were trading mostly in green, while European equity markets were trading higher as investors remained optimistic with steadying oil prices and renewed enthusiasm for the artificial intelligence trade.
The BSE Sensex is currently trading at 81793.62, up by 686.97 points or 0.85% after trading in a range of 81611.06 and 82520.40. There were 22 stocks advancing against 8 stocks declining on the index.
The top gaining sectoral indices on the BSE were Auto up by 1.97%, Bankex up by 1.94%, Telecom up by 1.83%, PSU up by 1.49% and Industrials up by 1.39%, while Realty down by 0.92%, IT down by 0.55%, Healthcare down by 0.36% and TECK down by 0.07% were the few losing indices on BSE.
The top gainers on the Sensex were Mahindra & Mahindra up by 4.85%, Interglobe Aviation up by 4.74%, Trent up by 3.81%, State Bank of India up by 2.45% and ITC up by 2.33%. On the flip side, Tech Mahindra down by 1.00%, ICICI Bank down by 0.70%, TCS down by 0.67%, Sun Pharmaceutical Industries down by 0.58% and Infosys down by 0.51% were the top losers.
Meanwhile, the Federation of Indian Export Organisations (FIEO) has said that the upcoming visit of Union Minister of Commerce and Industry, Piyush Goyal, to Egypt, along with a high-level business delegation, is expected to give fresh momentum to bilateral trade and investment while opening wider regional opportunities for Indian businesses. Commerce Minister is scheduled to lead a high-level business delegation to Egypt from November 14-15, 2026.
Welcoming the visit, FIEO President S C Ralhan said it offers an opportunity to translate the longstanding India-Egypt strategic partnership into stronger commercial ties. He said ‘Egypt brings together a significant domestic market, a strategic location and extensive regional trade connectivity. The Minister’s visit can help Indian businesses build on these advantages to expand exports, forge manufacturing partnerships and participate more actively in regional value chains’.
Ralhan further noted that ‘Growing Egyptian interest in Indian expertise creates opportunities that extend from technology and innovation to manufacturing and infrastructure. Indian companies can contribute to Egypt’s development priorities while building commercially sustainable partnerships that generate value for both countries.’ He also added that Indian businesses should increasingly view Egypt as both a promising market and a partner in reaching wider regional markets. Combining Indian manufacturing strengths with Egypt’s location and trade linkages can support export diversification and closer integration into international supply chains.
Meanwhile, India-Egypt merchandise trade reached $6.5 billion in FY 2025-26, comprising Indian exports of $3.9 billion and imports of $2.6 billion. Petroleum products, engineering goods, chemicals, cotton yarn, buffalo meat and pharmaceuticals form a substantial part of India’s export basket. With India emerging as Egypt’s fifth-largest source of imports, the visit provides an opportunity to diversify this basket, deepen market access and strengthen India’s position as a preferred sourcing partner.
The CNX Nifty is currently trading at 25214.00, up by 169.35 points or 0.68% after trading in a range of 25162.70 and 25424.35. There were 33 stocks advancing against 16 stocks declining on the index.
The top gainers on Nifty were Mahindra & Mahindra up by 4.37%, Interglobe Aviation up by 3.91%, Trent up by 2.96%, BSE up by 2.55% and State Bank of India up by 2.38%. On the flip side, Nestle India down by 1.57%, Tech Mahindra down by 1.41%, ICICI Bank down by 1.20%, HCL Technologies down by 1.11% and Adani Ports & SEZ down by 1.10% were the top losers.
Asian equity markets were trading mostly in green; Nikkei 225 surged 784.42 points or 1.28% to 61,244.00, Taiwan Weighted added 1545.23 points or 3.49% to 44,257.15, KOSPI increased 136.23 points or 2.53% to 5,375.36, Shanghai Composite strengthened 16.92 points or 0.46% to 3,680.64 and Straits Times rose 35.31 points or 0.67% to 5,293.90, while Hang Seng declined 296.04 points or 1.22% to 24,261.00 and Jakarta Composite plunged 27.95 points or 0.55% to 5,097.78.
European equity markets were trading higher; UK’s FTSE 100 increased 58.74 points or 0.54% to 10,810.33, France’s CAC rose 48.02 points or 0.58% to 8,326.61 and Germany’s DAX gained 259.75 points or 0.98% to 26,607.20.