Stock market today: Indian stock market benchmarks staged a strong recovery on Wednesday, November 11, with both the Sensex and Nifty rising over 1%, supported by gains in index heavyweights. A decline in crude oil prices, a stronger rupee and a recovery in foreign investor inflows lifted market sentiment, triggering broad-based buying across sectors.
The BSE Sensex surged 1,145 points, or over 1.4%, to touch an intra-day high of 82,251.78. The NSE Nifty 50 also advanced 302 points, or 1.2%, to reach an intra-day high of 25,347.05.
BSE-listed companies added over ₹4.5 lakh crore in just a few minutes since opening on Wednesday, taking the total market capitalisation to ₹5,11,82,994.47 crore from ₹5,07,26,775.395 crore on November 9.
The rally extended to the broader market, although gains were relatively moderate compared with the benchmark indices. The Nifty Midcap index rose 0.6%, while the Nifty Small-cap index gained 0.7%.
Buying was widespread among Sensex constituents, with all 30 stocks trading in positive territory. IndiGo, Mahindra & Mahindra (M&M), Asian Paints, Bharti Airtel and HDFC Bank emerged as the top gainers on the index.