Nifty 50 closed at 24,536.60, up 2.4%; Hotels & Restaurants leads, Defence & Aerospace lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.47, rupee firmer by 0.29% on the session
• India VIX: 15.58 (+2.6%)
• Gold (rupee terms): +1.48% on the session, +1.5% over five sessions

Key drivers

Markets

• Sensex stocks Adani Ports, TechM at new highs; Eternal, ICICI Bk near peaks. In the past two weeks, the market price of Eternal, the parent firm of food-delivery marketplace Zomato and quick commerce platform Blinkit surged 18% on the BSE. (Business Standard Mkts)
• Why Sammaan Capital shares jumped 6% amid Sensex, Nifty Thursday rally after US midterm elections results; stock returns. Sammaan Capital stock opened at ₹129 per share on NSE today, as compared to previous close of ₹125.98 on Wednesday and touched an intraday high of ₹136.50 on 5 November. (LiveMint Markets)
• Stock Market Live: Sensex Zooms 1,600 Points, Nifty Atop 24,400; Ashok Leyland Gains 9%, PI Industries Slides 14%. Stock Market Live Updates, Nov 5: Among indovidual stocks on BSE, IndiGo topped with 6% gains, followed by Asian Paints (5%). On the flipside, Bharti Airtel was the sole loser. (NDTV Profit)
• Tata Motors Commercial Vehicles shares vroom 8% amid mega Sensex, Nifty rally | Time to book profits or hold? Details. Tata Motors shares opened at ₹421 per share on NSE today, as compared to previous close of ₹402 on Wednesday and touched an intraday high of ₹436.90 on 5 November. (LiveMint Markets)

Read more Sensex stocks Adani Ports, TechM at new highs; Eternal, ICICI Bk near peaks · Why Sammaan Capital shares jumped 6% amid Sensex, Nifty Thursday rally after US midterm elections results; stock returns · Stock Market Live: Sensex Zooms 1,600 Points, Nifty Atop 24,400; Ashok Leyland Gains 9%, PI Industries Slides 14% · Tata Motors Commercial Vehicles shares vroom 8% amid mega Sensex, Nifty rally | Time to book profits or hold? Details

Economy & policy

Economy and policy

• Sebi eases digital KYC rules for NRIs, foreign nationals from December 3. Sebi will allow NRIs, OCIs and foreign nationals in FATF-compliant countries to complete KYC digitally from December 3, easing onboarding and investment in Indian markets (Business Standard Mkts)
• Sebi forms working group to review Innovators Growth Platform framework. The Sebi panel will review listing eligibility, investor participation, pricing and disclosure norms to improve capital market access for deep-tech and other innovation-led firms (Business Standard Mkts)
• RBI pumps ₹2.5 lakh crore into banks despite rate hike: Why loans may get costlier but not scarcer. RBI's decision to raise the repo rate while injecting liquidity into banks may appear contradictory. However, lending expert Joydip Gupta explains why higher borrowing costs do not necessarily mean reduced credit availability. (Business Today Mkts)
• RBI To Set Up Financial Markets Committee, To Focus On Critical Policy And Operational Matters. The meetings of the Committee will be convened at least once a quarter, the RBI said. (NDTV Profit)

Read more Sebi eases digital KYC rules for NRIs, foreign nationals from December 3 · Sebi forms working group to review Innovators Growth Platform framework · RBI pumps ₹2.5 lakh crore into banks despite rate hike: Why loans may get costlier but not scarcer · RBI To Set Up Financial Markets Committee, To Focus On Critical Policy And Operational Matters

Companies

• 12 BSE 500 stocks defy market trend, rally up to 65% in 3 months. While the BSE 500 declined around 5% over the past three months, 12 stocks bucked the broader market trend, delivering gains ranging from 25% to 64%. Welspun Living led the rally, followed by Ather Energy and Welspun Corp. (Economic Times Markets)
• TaMo CV, Ashok Leyland, Maruti rally up to 8% as crude oil price tumbles. At 09:23 AM on Thursday, the Nifty Auto index was up 2.5 per cent, as compared to a 1.62 per cent rise in the Nifty 50. (Business Standard Mkts)
• City Union Bank among 5 F&O stocks with a sharp rise in futures open interest. Five NSE F&O stocks, including City Union Bank, Syrma SGS Technology and Karur Vysya Bank, recorded over 12% growth in futures open interest, indicating increased market positioning on November 4. (ET Stocks)
• India bonds climb in step with Treasuries as oil sinks. Indian government bonds increased for the fourth consecutive session following a Democratic win in the US midterm elections. This victory led to a decline in crude oil prices, easing inflation concerns for India. (Economic Times Markets)

Read more 12 BSE 500 stocks defy market trend, rally up to 65% in 3 months · TaMo CV, Ashok Leyland, Maruti rally up to 8% as crude oil price tumbles · City Union Bank among 5 F&O stocks with a sharp rise in futures open interest · India bonds climb in step with Treasuries as oil sinks

Companies

New issues

• Razorpay gets Sebi nod for ₹5,000-6,000 cr IPO, eyes $5 billion valuation. Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, sources familiar with the development said on Wednesday. (Business Standard Mkts)
• Lenskart shares gain 11% post Q2, up 90% from IPO price; more gains ahead?. Lenskart stock, which was listed on the bourse on November 10 last year, has nearly doubled investors' money as it trades 90 per cent above its issue price of ₹402. (Business Standard Mkts)
• Bombay Coated & Special Steels shares list at 12% premium over IPO price. On BSE, the shares listed at a 12.2 per cent premium at ₹92.02. On NSE, the shares listed at a premium of 10.98 per cent to ₹91 (Business Standard Mkts)
• Samvat 2082: IPO fundraise crosses ₹2-trillion mark for the first time ever. During Samvat 2082 (October 21, 2025, to November 4, 2026), the mainboard IPO market saw 129 issues, which together raised ₹2.12 trillion. (Business Standard Mkts)

Read more Razorpay gets Sebi nod for ₹5,000-6,000 cr IPO, eyes $5 billion valuation · Lenskart shares gain 11% post Q2, up 90% from IPO price; more gains ahead? · Bombay Coated & Special Steels shares list at 12% premium over IPO price · Samvat 2082: IPO fundraise crosses ₹2-trillion mark for the first time ever

Currency, commodities & rates

World

• Unilever looks to India to deliver what China did for rivals: CEO. Unilever plans to apply its India strategy across emerging markets, where it sees an advantage in distribution, product range and market share. (LiveMint Companies)
• Iran allows Indian ships through Hormuz, exempts 3 other countries. According to the Iranian official, allowing Indian vessels to pass through the strait would help Tehran import medicines from India (Business Today Mkts)
• Iran's Embassy In India Mocks Trump With 'Hazardous Waste' Meme After US Midterm Setback. As early results showed Democrats ahead in the US House, Senate and governor races, social media filled with memes. Among the most viewed meme shared by Iran's embassy in India. (NDTV Profit)
• Iran Exempts India, China, Iraq And Qatar From Hormuz Restrictions: What's Behind The Move?. India's pharmaceutical supplies, transit charges and Gulf trade interests are central to Iran's decision amid Strait of Hormuz restrictions. (NDTV Profit)

Read more Unilever looks to India to deliver what China did for rivals: CEO · Iran allows Indian ships through Hormuz, exempts 3 other countries · Iran's Embassy In India Mocks Trump With 'Hazardous Waste' Meme After US Midterm Setback · Iran Exempts India, China, Iraq And Qatar From Hormuz Restrictions: What's Behind The Move?

What matters next