Comment on Market Closing Nov 11, 2026 by Ajit Mishra, SVP – research, Religare Broking
Below the Comment on Market Closing Nov 11, 2026 by Ajit Mishra, SVP – research, Religare Broking
" Markets edged higher on Wednesday, extending the prevailing positive trend and ending the session with decent gains. The Nifty crossed the 25,400 mark in early trade, supported by favourable global and domestic cues. However, profit-taking in heavyweight stocks across sectors trimmed the gains as the session progressed. The index eventually settled at 25,255.05, up 0.84%.
On the sectoral front, performance was mixed, with auto, banking and FMCG leading the gains, while pharma and healthcare remained relatively subdued. Broader markets also participated in the upmove, with midcap and smallcap indices gaining around 0.8% and 1.6%, respectively, indicating healthy market breadth and improving risk appetite.
Among the key triggers, foreign portfolio investors continued their aggressive buying, with cumulative November inflows reaching approximately $5.68 billion, the strongest monthly inflow since September 2024. Brent crude remained near $92–93 per barrel, well below its recent levels, easing concerns around imported inflation. Optimism around domestic demand and corporate earnings, along with moderating global enthusiasm for AI-linked investments, further enhanced the relative attractiveness of Indian equities.
Following the sharp and vertical rally, some consolidation would be healthy for the market. We believe the 24,800–25,000 zone could offer a favourable opportunity for fresh buying, with 24,600 serving as the key level for invalidating our positive view. On the upside, the Nifty could move towards the 25,500–25,750 target zone. With key sectors participating in the rally on a rotational basis, participants should focus on identifying quality stocks across promising themes, particularly PSU banking, capital markets and oil & gas. Any dips or consolidation should be utilised to accumulate quality names rather than chase extended moves."
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