Indian stock market today: The Sensex and Nifty 50 are expected to open sharply higher on Wednesday, November 11, as easing crude oil prices and strong foreign investor buying support market sentiment. GIFT Nifty at 25,340 signals a potential gap-up opening of more than 300 points.
Top Stock Market Highlights Today
Nifty opening outlook: GIFT Nifty at 25,340 indicates a potential opening gain of over 300 points.
FII buying: Foreign institutional investors recorded net purchases of ₹7,212.22 crore in the cash market on November 9.
DII selling: Domestic institutional investors recorded net sales of ₹7,172.53 crore during the same session.
Institutional activity: Combined net institutional activity stood at ₹39.69 crore.
Institutional holdings: FIIs and DIIs increased their stakes in 10 stocks during the latest quarter.
RBI draft PSL norms: Proposed changes to bank lending to NBFCs could affect funding eligibility, pricing and data-sharing requirements.
Record highs: Nine stocks, including ICICI Bank, Laurus Labs and Ather Energy, reportedly closed at fresh all-time highs.
Nifty Expected to Open Over 300 Points Higher
Indian equity markets are likely to begin Wednesday's trading session on a strong note, with GIFT Nifty trading at 25,340 and indicating a gap-up opening of more than 300 points.
Cooling crude oil prices, sustained foreign portfolio investor buying, improving corporate earnings momentum and supportive liquidity conditions are among the factors contributing to the positive market outlook.
Market participants will watch whether the early gains translate into sustained buying during the trading session.
FII and DII Activity: Institutional Investors Record ₹39.69 Crore Net Buying
Institutional investor activity in the cash market on November 9 showed strong buying by foreign investors, largely offset by selling from domestic institutional investors.
| Investor category | Buy | Sell | Net activity |
|---|---|---|---|
| DII | ₹12,764.97 crore | ₹19,937.50 crore | -₹7,172.53 crore |
| FII/FPI | ₹20,310.99 crore | ₹13,098.77 crore | +₹7,212.22 crore |
| Combined net activity | ₹39.69 crore |
Foreign institutional investors were net buyers of ₹7,212.22 crore, while domestic institutional investors recorded net selling of ₹7,172.53 crore.
10 Stocks Where FIIs and DIIs Increased Their Stakes
Foreign and domestic institutional investors increased their shareholding in the following 10 companies during the latest quarter, according to the supplied data.
| Company | FII holding: Previous → Latest | DII holding: Previous → Latest |
|---|---|---|
| Pine Labs | 9.49% → 13.18% | 24.82% → 29.57% |
| Lenskart | 12.76% → 18.26% | 23.56% → 26.81% |
| Karnataka Bank | 13.10% → 16.30% | 15.75% → 18.63% |
| Diamond Power Infrastructure | 1.77% → 4.14% | 0.23% → 11.21% |
| Billionbrains Garage Ventures | 6.89% → 10.90% | 10.08% → 12.73% |
| Thyrocare Technologies | 5.43% → 9.37% | 20.92% → 25.92% |
| ideaForge Technology | 4.89% → 7.27% | 2.69% → 13.58% |
| JSW Energy | 0.48% → 3.83% | 4.76% → 7.05% |
| Indegene | 9.92% → 12.40% | 8.74% → 15.82% |
| Entero Healthcare Solutions | 4.36% → 5.76% | 15.48% → 21.16% |
RBI's Draft PSL Norms Could Impact Bank Lending to NBFCs
The Reserve Bank of India's proposed changes to Priority Sector Lending (PSL) norms could affect bank on-lending to non-banking financial companies (NBFCs).
Under the draft proposal, banks may need to demonstrate that funds extended to NBFCs are actually deployed towards eligible end-borrowers and continue to be used for qualifying purposes to claim PSL eligibility.
The proposal also requires NBFCs to share end-user loan details, including borrower names, loan amounts and tenures.
These changes could influence the availability and pricing of PSL-eligible bank funding for NBFCs. They may also raise competitive concerns around the sharing of borrower-level information with banks operating in similar lending segments.
NBFCs with greater dependence on PSL-eligible bank funding, including L&T Finance, Mahindra Finance, Cholamandalam Investment and Finance Company, microfinance institutions, MSME-focused NBFCs and affordable housing finance companies, could face an impact.
Nine Stocks Reportedly Close at Fresh All-Time Highs
The following nine stocks reportedly broke above their previous all-time highs and closed at record levels:
ICICI Bank
Laurus Labs
Ather Energy
Sai Life Sciences
South Indian Bank
Divi's Laboratories
Aurobindo Pharma
Entero Healthcare Solutions
Sona BLW Precision Forgings
Corporate Earnings: Management Interviews and Business Updates
The following management interviews and company updates were listed in the supplied Researchbytes update:
| Company | Management update |
|---|---|
| Gokaldas Exports | MD Sivaramkrishnan Ganapathi discusses Q2FY27 performance and strong US retail demand. |
| Hindalco Industries | MD Satish Pai discusses India's aluminium and copper performance, Novelis' EBITDA outlook and second-half growth expectations. |
| Pearl Global | Vice Chairman Pulkit Seth discusses Q2 performance and working capital normalisation. |
| IRB Infrastructure | CFO Director Anil Yadav discusses the company's target of 25% PAT CAGR through FY30, supported by toll growth and debt reduction. |
| Lumino Industries | MD Devendra Goel discusses a 30% revenue increase and 51% growth in profit after tax in Q2. |
| Poly Medicure | MD Himanshu Baid discusses 40% growth in Europe and improved FY27 margin guidance. |
| PDS Limited | CEO Sanjay Jain discusses 54% growth in North American sales and the company's FY27 growth outlook. |
| Sonata Software | CTO Rajsekhar Datta Roy discusses AI-led growth prospects in the second half. |
| TTK Prestige | CEO and MD Venkatesh Vijayaraghavan discusses 21% revenue growth and 72% EBITDA growth in Q2. |
Disclaimer: This article is for informational and educational purposes only. It is not investment advice or a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Readers should consult a SEBI-registered investment adviser before making investment decisions.
