The Indian stock market continued its upward momentum for the third straight session on Wednesday, November 12, as investor sentiment remained positive. The benchmark Sensex gained 595 points, or 0.71%, closing at 84,466.51, while the Nifty 50 rose 180.85 points, or 0.70%, to settle at 25,875.80. During the session, the Sensex touched an intraday high of 84,652, up 781 points, and the Nifty peaked at 25,934.55. Midcap and smallcap indices also saw gains, rising 0.44% and 0.76%, respectively. The overall market capitalization of BSE-listed companies jumped from ₹468.9 lakh crore to ₹473.6 lakh crore, adding nearly ₹5 lakh crore in a single session. Over the past three days, the Sensex has surged around 1,250 points, and the Nifty has climbed about 1.5%.
Several factors contributed to the rally. Optimism around a potential India-US trade deal boosted sentiment, especially with reports that US tariffs on Indian goods could be reduced significantly. Hopes of ending the US government shutdown and positive Bihar election exit polls supporting the NDA also lifted markets. Strong macroeconomic fundamentals, favorable earnings trends, and stable Q2 results further underpinned investor confidence. Analysts suggest the market may have passed its worst phase, with large-cap valuations normalizing and earnings revisions stabilizing.
