The Sensex and Nifty 50 ended their three-day losing streak on Monday, November 10, with gains led by heavyweights like Infosys and Reliance Industries, supported by positive global cues. The Sensex rose 319 points (0.38%) to 83,535.35, while the Nifty 50 gained 82 points (0.32%) to 25,574.35. Midcaps outperformed, climbing 0.62%, whereas smallcaps fell 0.28%. The market added around ₹2 lakh crore in a single session, with BSE-listed firms’ cumulative market cap rising to ₹468 lakh crore.
Investor optimism was driven by hopes of Q3 earnings recovery, valuation comfort in large caps, and foreign inflows. Goldman Sachs upgraded India’s rating to “overweight” from “neutral,” citing strong earnings momentum and supportive policies. Sectorally, Nifty IT (+1.62%), Pharma (+0.95%), and Metals (+0.55%) gained, while Media, Realty, FMCG, and PSU Bank lagged. Infosys, Bajaj Finance, and HCL Tech were top gainers; Trent, Max Healthcare, and Tata Consumer Products led losses.
Technical analysts noted Nifty’s key resistance at 25,660–25,700, with support around 25,480–25,450, suggesting the index may consolidate until a decisive breakout occurs.
