Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on Wednesday

Indian benchmark indices closed higher on Wednesday, November 11, extending their winning streak to a ninth consecutive regular trading session, excluding the Muhurat trading session, which ended marginally lower.

Despite giving up some of their opening gap-up gains amid selling pressure at higher levels, the indices maintained their upward momentum through the session.

The Nifty 50 gained 210.40 points, or 0.84%, to settle at 25,255.05, while the BSE Sensex advanced 772.75 points, or 0.95%, to close at 81,879.40.


The broader market participated in the rally, with the Nifty Smallcap 250 index rising more than 1% and the Nifty Midcap 100 climbing nearly 1%.

Among sectoral indices, the Nifty PSU Bank index led the gains, rising around 3%, while the Nifty Auto index advanced more than 2%. The Nifty FMCG, Nifty Private Bank, Nifty Oil & Gas and several other sectoral indices also gained over 1%.

Meanwhile, India VIX, the market's volatility gauge, remained elevated above the 17.5 mark.

Market breadth remained firmly positive on the NSE, with 2,495 stocks advancing against 1,166 declining, while 106 stocks remained unchanged.

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Here are today’s top gainers on the Nifty

Here are today’s top gainers on the Sensex

Here are today’s top losers on the Nifty

Here are today’s top losers on the Sensex

Technical View

The Nifty 50 extended its bullish momentum and closed higher, according to Ponmudi R, CEO of Enrich Money.

The index briefly crossed the 25,400 mark during the session but encountered selling pressure at higher levels, giving up some of its intraday gains before settling firmly in positive territory.

"The 25,400–25,500 zone now forms the immediate resistance range, and a sustained breakout above this band could further strengthen the upward momentum," Ponmudi said.

On the downside, the 25,200–25,100 range is expected to act as the immediate support zone, followed by a crucial support level near 24,800.

"Momentum indicators continue to favour the bulls, with the MACD maintaining a positive crossover and a positive histogram. However, the RSI remains elevated at around 79.5, indicating overbought conditions and the possibility of intermittent profit-booking or consolidation," he added.

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