Nifty 50 closed at 25,299.35, up 0.18%; Diversified leads, Oil & Energy lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.04, rupee weaker by 0.12% on the session
• India VIX: 16.62 (-5.4%)
• Gold (rupee terms): -2.25% on the session, -4.6% over five sessions

Key drivers

Markets

• Realty index surges 4%; Oberoi, Sobha, Lodha up 5%; DLF nears 52-week high. Thus far in November 2026, the Nifty Realty index outperformed the market by soaring 14%, against a 9.6% rally in the Nifty 50. (Business Standard Mkts)
• FIIs are back! Jefferies lists 11 stocks that can be the biggest beneficiaries. In November, foreign institutional investors unexpectedly shifted to become net buyers of Indian equities, indicating a noteworthy change in market dynamics. (Economic Times Markets)
• Nifty Bank index rallies 4% in two days, nears record high; here's why. Bank of Baroda and Punjab National Bank were up 5% each, while Federal Bank, IDFC First Bank and AU Small Finance Bank gained 4% each in Wednesday's trading session. (Business Standard Mkts)
• Railway stocks on fast track! RVNL, IRFC jump up to 10% amid Sensex, Nifty rise | What's behind momentum? Key levels. RVNL and IRFC shares rose as much as 10% amid a broader market rebound and renewed interest in railway stocks. Sentiment was buoyed by Japan’s first order for India-made train propulsion systems and expectations for infrastructure investment. (LiveMint Markets)

Read more Realty index surges 4%; Oberoi, Sobha, Lodha up 5%; DLF nears 52-week high · FIIs are back! Jefferies lists 11 stocks that can be the biggest beneficiaries · Nifty Bank index rallies 4% in two days, nears record high; here's why · Railway stocks on fast track! RVNL, IRFC jump up to 10% amid Sensex, Nifty rise | What's behind momentum? Key levels

Economy & policy

Economy and policy

• India's GDP growth to beat RBI forecast? SBI sees 7.8% expansion in Q2; Moody's raises FY27 outlook. According to SBI Research, India's economic activity remained robust during July–September 2026, supported by manufacturing, services, corporate profitability and accelerating bank credit. (Business Today Mkts)
• 'RBI may struggle to meet 4% inflation target': Economist flags fastest money, credit growth since 2012-13. I worry we are underestimating the risk of persistent inflation while focusing our policy efforts on pushing the rupee higher, says ISB professor Prasanna Tantri (Business Today Mkts)
• NSE shares hit fresh highs, rise over 2%; Nuvama sees 14% upside, calls the stock exchange a ‘compelling buy’. NSE shares rose more than 2% to a record ₹1,994.50 after Nuvama initiated coverage with a buy rating and a ₹2,220 target. The brokerage cited NSE’s dominant market share, liquidity advantage, technology investments and growth prospects. (LiveMint Markets)
• Indian bonds drift as US debt rout saps oil relief before CPI. On Thursday morning, Indian government bonds remained stable, reflecting a pause after recent volatility. Market sentiment is influenced by declining oil prices and climbing US Treasury yields, with inflation data on the horizon. (Economic Times Markets)

Read more India's GDP growth to beat RBI forecast? SBI sees 7.8% expansion in Q2; Moody's raises FY27 outlook · 'RBI may struggle to meet 4% inflation target': Economist flags fastest money, credit growth since 2012-13 · NSE shares hit fresh highs, rise over 2%; Nuvama sees 14% upside, calls the stock exchange a ‘compelling buy’ · Indian bonds drift as US debt rout saps oil relief before CPI

Companies

• ICICI Life, HDFC Life rally up to 5%; what's driving insurance stocks?. Life insurers' new business premium (NBP) grew 26.2% YoY in October 2026, supported by strong premium mobilisation by both state-owned LIC and private players. (Business Standard Mkts)
• Q2 Results Live: Cupid's Revenue More Than Doubles; Tata Power Profit Up 49% On One Time Gain; Garden Reach Profit Rises 12%. The September-quarter earnings season continues with results due from Tata Power, Garden Reach Shipbuilders & Engineers, Hindustan Copper, Triveni Turbine, Power Mech Projects and other companies. (NDTV Profit)
• Adani Group Stocks Surge Up To 2%; Adani Enterprises, APSEZ Lead Rally. Other stocks such as Adani Enterprises, Adani Ports and Special Economic Zone Ltd., Adani Solutions Ltd., and Adani Green Energy Ltd. also jumped 1.61%, 1.49%, 1.6% and 1.76% respectively. (NDTV Profit)
• Rupee at 92 or 100 per dollar? GTRI and Axis Bank differ on how long India's currency rally can last. The rupee's recent recovery has produced contrasting forecasts, with GTRI expecting the currency to strengthen towards ₹92–93 per dollar while Axis Bank Research predicts a decline to ₹100 by June 2027. (Business Today Mkts)

Read more ICICI Life, HDFC Life rally up to 5%; what's driving insurance stocks? · Q2 Results Live: Cupid's Revenue More Than Doubles; Tata Power Profit Up 49% On One Time Gain; Garden Reach Profit Rises 12% · Adani Group Stocks Surge Up To 2%; Adani Enterprises, APSEZ Lead Rally · Rupee at 92 or 100 per dollar? GTRI and Axis Bank differ on how long India's currency rally can last

Companies

New issues

• India's Next Billion-Dollar IPO? Coal India subsidiary Mahanadi Coalfields in line after Jio, NSE - key things to know. Coal India subsidiary Mahanadi Coalfields is preparing for a potential IPO of up to $1 billion, with Sebi observations received on November 4. (LiveMint Markets)
• From SpaceX to Anthropic, markets have a new playbook for mega-share debuts. Anthropic is gearing up for its highly anticipated IPO, aiming to raise as much as $64.4 billion with share prices ranging from $70 to $78. (Economic Times Markets)
• Clean Max Enviro Energy shares jump 7%; stock trades 27% above IPO price — What’s driving the rally? | Check key levels. Clean Max Enviro Energy Solutions shares rose 7% to ₹1,342.20, about 27% above their IPO price. The gain followed strong September-quarter results, with net profit up 82.3% year-on-year and total income rising 34.5%. (LiveMint Markets)
• Anthropic’s IPO is said to be multiple times oversubscribed. Anthropic PBC is witnessing an overwhelming response for its initial public offering, potentially accumulating up to $90.4 billion. This bullish sentiment reflects a staggering anticipated market valuation of around $1.4 trillion. (Economic Times Markets)

Read more India's Next Billion-Dollar IPO? Coal India subsidiary Mahanadi Coalfields in line after Jio, NSE - key things to know · From SpaceX to Anthropic, markets have a new playbook for mega-share debuts · Clean Max Enviro Energy shares jump 7%; stock trades 27% above IPO price — What’s driving the rally? | Check key levels · Anthropic’s IPO is said to be multiple times oversubscribed

Currency, commodities & rates

World

• Anthropic IPO oversubscribed multiple times amid strong investor demand; Nasdaq surges 400 pts: Stock Market Live Updates. (Economic Times Markets)
• US Treasury rout hands India's 10-year bond its worst day in a month. On Wednesday, the Indian rupee gained strength against the dollar, reaching its highest point since April. This improvement was influenced by foreign investments in local stocks and upbeat sentiment in the non-deliverable forward market. (Economic Times Markets)
• Anthropic IPO draws multiple times the available orders: Why Wall Street sees it as a test of the AI boom. Anthropic's proposed $90.4 billion IPO has attracted several times the available share orders, potentially making it the world's biggest listing. Wall Street sees the debut as a crucial test of investor confidence in the AI boom and valuations. (LiveMint Companies)
• India–EU FTA's €119 billion trade promise: Could Europe's fiscal troubles threaten Indian exporters?. The India–EU FTA could unlock €119 billion in additional trade by 2035, but widening fiscal deficits in France, Germany and Italy may pose risks to European demand. Could economic uncertainty threaten the projected €48-billion boost to Indian exports? (Business Today Mkts)

Read more Anthropic IPO oversubscribed multiple times amid strong investor demand; Nasdaq surges 400 pts: Stock Market Live Updates · US Treasury rout hands India's 10-year bond its worst day in a month · Anthropic IPO draws multiple times the available orders: Why Wall Street sees it as a test of the AI boom · India–EU FTA's €119 billion trade promise: Could Europe's fiscal troubles threaten Indian exporters?

What matters next