The Indian markets exhibited a bullish sentiment on November 12, 2025, closing higher for the third consecutive day amid positive global cues and strong corporate earnings. Key themes included record-low inflation boosting rate cut hopes, resilient quarterly results from major firms, and regulatory initiatives to attract foreign investment.
India's retail inflation, measured by the Consumer Price Index, fell to a historic low of 0.25% in October 2025, down from 1.44% in September, primarily due to sharp declines in food prices and the full impact of GST rate cuts. Food inflation dropped to -5.02%, with vegetables and pulses seeing significant deflation at -27.57% and -16.15%, respectively. This marked the lowest year-on-year inflation in the current CPI series, influenced by favorable base effects and reduced costs in oils, fats, fruits, and other essentials. The sharp moderation has fueled expectations for a 25-50 basis point repo rate cut by the RBI in its December 2025 meeting to prevent economic slowdown. Economists project FY26 CPI below 2%, well under the RBI's 2.6% estimate, potentially allowing further easing in February 2026. Core inflation remained stable at 4.4%, supported by higher gold prices, but overall low inflation signals room for monetary stimulus amid sluggish growth concerns. This development positively influenced market sentiment, contributing to gains in major indices as investors anticipated lower borrowing costs.
Reuters India: https://www.reuters.com/world/india/indias-retail-inflation-slows-record-low-025-october-2025-11-12/
The BSE Sensex climbed 595.19 points or 0.71% to close at 84,466.51, while the NSE Nifty advanced 180.85 points or 0.70% to settle at 25,875.80, marking the third straight day of gains. Intraday highs reached 84,652.01 for Sensex and 25,934.55 for Nifty, driven by strong performances in IT, auto, and consumer durables sectors. Top gainers included Asian Paints, Tech Mahindra, TCS, Bajaj Finserv, and Adani Ports, while laggards were Tata Steel, Tata Motors units, and Bharat Electronics. Market breadth was positive with 2,381 advances against 1,655 declines, and midcap and smallcap indices rose 0.4% and 0.7%, respectively. Optimism stemmed from anticipated US-India trade improvements, resolution of the US government shutdown, and robust Q2 earnings. Global equities rallied on Fed rate cut expectations, bolstering Indian markets despite mild profit-taking in realty and metals. This uptrend reflected improved investor confidence, with Nifty reclaiming key resistance levels and potential for further upside to 26,000-26,100.
| Name | Last | High | Low | Chg. | Chg. % |
|---|---|---|---|---|---|
| BSE Sensex | 84,466.51 | 84652 | 84166.75 | 595.2 | 0.710% |
| Nifty Midcap 150 | 22,394.45 | 22418.3 | 22293.75 | 170.1 | 0.770% |
| Nifty 50 | 25,875.80 | 25934.6 | 25781.15 | 180.9 | 0.700% |
| Nifty 50 Value 20 | 12,998.95 | 13028.1 | 12932.3 | 111.1 | 0.860% |
| BSE SmallCap | 53,255.82 | 53295.1 | 52976.56 | 402.6 | 0.760% |
| BSE MidCap | 47,360.19 | 47399.6 | 47227.21 | 208.3 | 0.440% |
| BSE-500 | 37,385.63 | 37443.9 | 37276.6 | 228.5 | 0.610% |
| BSE-200 | 11744.12 | 11765.7 | 11709.1 | 71.27 | 0.610% |
| BSE-100 | 27,131.35 | 27189.6 | 27045.95 | 170.5 | 0.630% |
| NIfty smallcap 50 | 8,839.70 | 8846.75 | 8787.55 | 77 | 0.880% |
| Nifty Smallcap 250 | 17,120.15 | 17137.7 | 17045.9 | 126.2 | 0.740% |
| Nifty 200 | 14,467.15 | 14495.8 | 14425.35 | 92 | 0.640% |
| NIFTY Smallcap 100 | 18,250.45 | 18265.2 | 18155.35 | 149.1 | 0.820% |
| Nifty Midcap 50 | 17,339.65 | 17385.9 | 17276.7 | 143.1 | 0.830% |
| NIFTY Midcap 100 | 60,902.30 | 61011 | 60641.25 | 475.3 | 0.790% |
| Nifty 500 | 23836.9 | 23874.9 | 23766.2 | 154.3 | 0.650% |
| Nifty 50 USD | 10,114.15 | 10140.1 | 10079.25 | 57.2 | 0.570% |
| Nifty 100 | 26,500.00 | 26558 | 26427.7 | 160 | 0.610% |
| India VIX | 12.18 | 12.7125 | 11.4425 | -0.315 | -2.520% |
| Nifty Next 50 | 69,807.95 | 70133.4 | 69724.15 | 82.85 | 0.120% |
The Hindu Business Line: https://www.thehindubusinessline.com/markets/share-market-nifty-sensex-live-updates-12th-november-2025/article70266679.ece
Tata Steel's consolidated net profit surged 272% year-on-year to Rs 3,101.75 crore in Q2 FY26, up from Rs 833.45 crore, fueled by higher sales volumes and cost efficiencies. Revenue from operations rose 8.9% to Rs 58,689.29 crore, exceeding estimates, with EBITDA climbing 46% to Rs 9,106 crore and margins expanding to 16%. India operations drove growth with deliveries up 5% to 5.27 million tons and EBITDA per ton at Rs 15,127, despite global challenges like tariffs and steel exports. UK and Netherlands units reported EBITDA losses of £66 million and €11 million, respectively, amid restructuring efforts. The board approved acquiring a 50% stake in Tata BlueScope Steel for up to Rs 1,100 crore to strengthen coated steel business. Capital expenditure reached Rs 3,250 crore, focused on decarbonization and expansion, with net debt at Rs 87,040 crore. This strong performance underscored resilience in domestic demand, positively impacting stock sentiment in the metals sector.
Reuters India: https://www.reuters.com/world/india/indias-tata-steel-quarterly-profit-soars-strong-demand-key-markets-2025-11-12/
India's markets regulator SEBI is expediting foreign investor registration to a few days from over a month, addressing key feedback to enhance market accessibility. Plans include reducing trading margins, easing short-selling rules, and introducing netting mechanisms to lower transaction costs and capital requirements. SEBI deferred shifting to T+0 settlement to prioritize stability amid foreign outflows of nearly $17 billion in 2025 due to US tariffs. Further curbs on derivatives may follow evaluations of recent measures aimed at curbing speculation. These reforms seek to boost liquidity in cash equities and create an investor-friendly environment amid economic pressures. The initiatives balance growth with oversight, potentially reversing outflow trends and supporting market recovery. Announced by SEBI chief, the changes aim to make Indian markets more competitive globally.
By March 2026, India is projected to overtake Japan as the world's fourth-largest economy, nearing Germany's third position in GDP terms. This growth milestone highlights India's rapid economic expansion amid global shifts. However, the country lags in other performance metrics, indicating that GDP size alone does not reflect overall strength. Strengths include robust domestic demand and policy reforms, but shortcomings in infrastructure and per capita income persist. The projection, part of forward-looking analyses, underscores India's rising global stature. This news bolstered market optimism, reinforcing long-term investment appeal. Comparisons with advanced economies emphasize the need for sustained reforms.
The Economist: https://www.economist.com/the-world-ahead/2025/11/12/indias-economy-will-become-the-worlds-fourth-largest
Manulife Financial and Mahindra & Mahindra formed a 50-50 joint venture to provide long-term savings and protection services in India. Targeting rural and semi-urban markets, it leverages Mahindra's network and Manulife's expertise to become a leading provider. Each partner commits up to $400 million, with $140 million initial investment over five years. Building on their 2020 asset management tie-up, the JV taps India's $20 billion premium growth at 12% CAGR. With low penetration, India is poised to be the fastest-growing life insurance market, potentially fourth globally. This move strengthens Manulife's Asia portfolio amid India's economic boom. The partnership enhances sector competition and access in underserved areas.
Asian Paints reported a 46.7% year-on-year increase in consolidated net profit to Rs 1,018.23 crore for Q2 FY26, driven by robust decorative paints demand. Revenue grew amid favorable market conditions, contributing to the company's top gainer status on indices. This performance reflected improved consumer sentiment and sector recovery. The results positively influenced auto and consumer durables stocks. Analysts noted margin improvements from cost controls. Shares surged, underscoring the paints sector's strength.
Bajaj Finserv's consolidated net profit rose 8% year-on-year to Rs 2,244 crore in Q2 FY26, supported by growth in lending and insurance arms. Revenue increased on higher premiums and loan disbursals. This bolstered finance sector sentiment amid broader market gains. The company highlighted digital initiatives driving efficiency. Results aligned with expectations, aiding stock performance. Implications include sustained sector momentum.
Business Standard: https://www.business-standard.com/companies/quarterly-results/companies-tata-steel-q2fy26-net-profit-jumps-272-percent-125111201695_1.html
Indian equities are positioned as a hedge against AI-driven volatility, with Nifty 50 and Sensex up 4% since September end, doubling year-to-date gains. Goldman Sachs upgraded to overweight, targeting Nifty at 29,000 by 2026, led by financials and telecom. HSBC forecasts Sensex at 94,000, citing valuations. Strong earnings, with 40% beating estimates, and consumer demand recovery support 17% FY27 growth. Limited AI exposure offers diversification amid global shifts. This outlook enhances India's appeal amid foreign inflows.
Reuters India: https://www.reuters.com/markets/asia/india-file-mumbai-stocks-stand-out-hedge-against-ai-2025-11-12/
Adani Enterprises launched a Rs 25,000 crore rights issue at a 24% discount to fund expansion in infrastructure and energy. This major fundraising aims to strengthen the balance sheet amid growth plans. The move reflects confidence in market conditions despite global uncertainties. It impacts conglomerate stocks and sector fundraising trends. Analysts view it positively for long-term value. Announcement coincided with market rally.
The Hindu Business Line: https://www.thehindubusinessline.com/markets/share-market-nifty-sensex-live-updates-12th-november-2025/article70266679.ece