Sensex Rallies 400 Points, Nifty Climbs Above 25,350 As Bank Nifty Nears All-Time High

Stock Market Today: Sensex Surges 400 Points, Nifty Above 25,350; Bank Nifty Inches Towards Record Peak

Indian stock markets maintained their upward trajectory on Thursday, November 12, as sustained buying in banking, financial services and midcap and smallcap shares strengthened investor confidence. The rally gained traction during morning trade, pushing the Sensex more than 400 points higher and taking the Nifty 50 comfortably above the 25,350 mark.

At 10:02 am, the Sensex was trading at 82,290.51, up 411.11 points or 0.50% against its previous close of 81,879.40. The Nifty gained 115.20 points, or 0.46%, to reach 25,370.25, compared with Wednesday’s closing level of 25,255.05.

The Sensex touched an intraday high of 82,325.61, while the Nifty peaked at 25,384.80. Both indices opened higher and continued to attract buying interest during the first hour of trading.

Bank Nifty Approaches Its All-Time High

Banking shares were among the key drivers of Thursday’s gains. The Nifty Bank index advanced 0.95% to 61,367.05, after touching 61,396.20 during the session.

The index was just 368.65 points below its record intraday high of 61,764.85, registered on February 3, 2026. The latest advance follows Wednesday’s return above the 61,000 level for the first time since February 27. The index had touched 61,394.30 on Wednesday before closing at 60,792.40.

The 61,300–61,400 range remains an important level to watch. A sustained breakout above this zone could put the banking index on course to establish a new lifetime high.

Smallcap And Midcap Indices Outperform

The rally was not restricted to heavyweight stocks, as broader market indices posted stronger gains than the benchmark indices.

The Nifty Smallcap 100 jumped 1.44%, while the Nifty Smallcap 50 advanced 1.31%. The Nifty Midcap 100 climbed 0.98%, and the Nifty Midcap 150 gained 0.87%. The Nifty 500 was up 0.64%.

The India VIX, a measure of expected market volatility, declined 2.15% to 17.18, indicating a reduction in near-term volatility expectations.

Realty, Financial Services Stocks Drive Sectoral Rally

Realty shares led the sectoral gains, with the Nifty Realty index rising 2.17%. Financial services stocks also witnessed strong buying. The Nifty Financial Services Ex-Bank index gained 1.73%, while the Nifty Financial Services and Financial Services 25/50 indices rose 1.28% and 1.34%, respectively.

The Nifty Consumer Durables index advanced 1.41%. PSU Bank and Private Bank indices added 0.93% and 0.92%, respectively. Media stocks rose 0.81%, while the metal index gained 0.55%.

IT stocks were among the few laggards, with the Nifty IT index declining 0.29%. Healthcare and pharmaceutical shares also traded slightly lower.

Bajaj Finance Leads Sensex Gainers

Bajaj Finance emerged as the biggest gainer among Sensex constituents, climbing 2.58%. Bajaj Finserv followed with a rise of 2.26%, while Bharat Electronics gained 1.99%.

State Bank of India advanced 1.73%, and Eternal rose 1.61%. ICICI Bank, Axis Bank, ITC and Kotak Mahindra Bank were also among the stocks trading higher.

On the losing side, Mahindra & Mahindra slipped 0.98%, while Hindustan Unilever declined 0.95%. NTPC, UltraTech Cement, Bharti Airtel and Sun Pharma were also in negative territory.

FPI Buying And Softer Crude Prices Lift Investor Confidence

Strong overseas investment has provided additional support to the ongoing market rally. Foreign portfolio investors bought Indian equities worth Rs 12,563 crore on Wednesday, extending their recent buying streak.

Foreign investors have poured approximately $6.43 billion into Indian equities during November so far, marking their highest monthly investment since September 2024. The inflows have helped the Sensex and Nifty gain around 10% and 9.6%, respectively, this month.

Lower crude oil prices have further improved sentiment. As one of the world’s major oil importers, India benefits from softer international oil prices through reduced pressure on import costs, inflation and the current account deficit.

MSCI Rejig And October CPI Data Remain In Focus

Market participants are also assessing the latest MSCI index reshuffle. Adani Green Energy, Coforge, Life Insurance Corporation of India and Meesho have been added to the MSCI Global Standard Index, while PI Industries has been excluded.

The rejig also raises the weightage of 11 other Indian stocks. India’s share in the MSCI Emerging Markets Index is expected to increase from 11.5% to 11.7%. Nuvama Wealth Management estimates that the changes could generate passive inflows of around $2 billion.

Investors are meanwhile awaiting the release of India’s October retail inflation figures on Thursday. CPI inflation rose to 5.54% in September 2026, while food inflation was recorded at 7.74%.

The October data will be an important indicator of the country’s price situation and could influence expectations around the Reserve Bank of India’s future monetary policy decisions. Investors will also keep an eye on foreign fund activity, crude oil movements and global market cues for further direction.