Rs 3,05,65,12,78,00,000 Wealth Created In 8 Sessions: Sensex, Nifty Rally 11%, Log Multi-Month Winning Streaks

The Indian stock market is at nearly 8-months high as the Sensex reclaimed above the 82,500 mark and the Nifty regained over 25,400 levels on November 11, 2026. In fact, Sensex has recorded its longest rally in 26 months and Nifty in 14 months thanks to the Diwali boom, return of FIIs as buyers, and resilient earnings growth. The decline in crude oil prices and strengthening in Indian rupees also supported equities.

Sensex, Nifty On November 11, 2026

On Wednesday, Sensex skyrocketed by more than 1,413.75 points or 1.74% to hit an intraday high of 82,520.40. While Nifty 50 zoomed by 379.7 points or 1.51% to hit an intraday high of 25,424.35.

At the time of writing, Sensex trades higher by 1.61% to 82,383.57 and Nifty 50 soared 1.4% to 25,382.

Sensex was driven by Indigo in the lead with 5.2% gains followed by M&M with over 4.5% upside and Trent with nearly 3.6% surge. Other stocks like SBI, Axis Bank, Power Grid, HDFC Bank, ITC and Asian Paints zoomed by 2% to 3.5%. Further, heavyweights like Kotak Bank, Maruti Suzuki, HUL, Bharti Airtel, Ultratech Cement, Bajaj Finance, Bharat Electronics, L&T, Eternal and NTPC also contributed to the bullish trend with 1% to 2% upside.

Meanwhile, BSE Bankex and Nifty Bank advanced by nearly 3% to trade around 69,128.53 and 61,338.10. Also, Small-cap indices soared over 2%, while midcap indexes gained by over 1%.

Among sectoral indices, except IT, pharma and realty, all other stocks were rallying. The Nifty PSU Bank index emerged as top gainer with nearly 4% rally followed by Nifty Private Bank, Nifty Auto and Nifty Financial Services that surged by 2% each. Nifty FMCG was also up 1%.

Indian equities appear well positioned to extend their recent advance, with a sustained moderation in crude oil prices and a revival in foreign portfolio inflows providing a more supportive backdrop for domestic markets. WTI crude has continued to retreat, trading around $86 per barrel, while Brent has eased to the $91-92 range. The decline in international oil prices offers some respite from concerns over elevated energy costs, imported inflation and pressure on India's external balances, as per Ponmudi R, CEO of Enrich Money.

The US WTI crude and Brent crude are currently trading around $86.5 per barrel and $92.5 per barrel respectively. Meanwhile, Indian rupee strengthened to its highest level since April to 93.8 due to improving market sentiments.

Rs 3,05,65,12,78,00,000 Wealth Created In Eight Sessions:

So far, in November, BSE and NSE exchanges have witnessed eight sessions. On November 11, 2026, BSE-listed companies' market cap stood at Rs 5,12,85,802.57 crore. If we round off, the m-cap is at Rs 512.86 lakh crore or $5.46 trillion. This has increased by Rs 6.44 lakh crore from Rs 506.42 lakh crore market cap in the previous session.

BSE-listed companies market capitalization breached Rs 500 lakh crore or $5 trillion mark on November 5, 2026. Since then, the m-cap has skyrocketed by 11.24 lakh crore. In Diwali's 5-days festival alone, the m-cap jumped by nearly Rs 9.8 lakh crore.

In the start of November, the m-cap stood at Rs 4,82,29,289.79 crore. Since then, valuation has skyrocketed by Rs 30,56,512.78 crore in just 8 sessions.

Sensex, Nifty At Multi-Months Winning Streak

Both the Sensex and Nifty have been rallying consistently since October 31, 2026. However, they did see a mild correction during the one-hour muhurat trading session on November 8, 2026.

Despite this, Sensex has skyrocketed by 8,369.36 points, or 11.3%, if we take into consideration November 11th's intraday high. Similarly, Nifty 50 has rallied by 2,488 points or 10.85%. On October 29, 2026, the Sensex and Nifty stood at 74,151.04 and 22,936.75.

The best performance for both the Sensex and the Nifty emerged during pre-Diwali and the start of the Diwali festival by 2-3% on November 5th and November 6th. In the pre-Diwali era itself, Sensex and Nifty surged by seven consecutive sessions, which is the longest rally in over a year.

In fact, Sensex's 7-day rally is the longest in 26 months, and for Nifty, it is the longest in 14 months. The two benchmarks also saw the biggest pre-Diwali rally in 35 years. As per data from NSE, Sensex and Nifty's seven-day rally emerged as the longest weekly rally leading up to Diwali since 1992. Just before Dhanteras, the Sensex gained 10.62%, and Nifty surged by 10.3% while crossing their pivotal levels of 81,000 and 25,000 in comparison to 73,246 and 22,699 levels on October 28, 2026.

The latest bull run has taken the Sensex and Nifty to their highest level since late February.

"This surge was triggered mainly by the aggressive FII buying of Rs 53170 crores, so far, this month. The dramatic change in the market environment was triggered by positive global clues for India from the weakening of the AI trade," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments.

"But it is important to note that the real fundamental support to the rally has come from the better-than-expected Q2 results. The near 24% earnings growth in Nifty 50 in Q2 is a 12-quarter high and has compressed the forward PE for Nifty 50 to fair levels," he added.

Since October 31, FIIs have been net buyers, with inflows of Rs 53,171.99 crore recorded in the first trading week of November alone. On Monday, they invested Rs 7,212.22 crore. Their highest single-day buying in years came on November 5 and 6, at Rs 14,974.68 crore and Rs 13,749.82 crore, respectively, as Diwali celebrations began, as per the Stock Edge tracker.

Given the new favorable environment for the Indian market, Vijayakumar said, FIIs are likely to continue buying, imparting resilience to the frontline stocks in banking/financials, telecom, capital goods, select auto and pharmaceutical majors. This rally, which has more steam left, will be led again by large-caps .

However, on the negative side, Vijayakumar added that the the rise in US inflation and the coming inevitable rate hikes by the Fed has pushed the 10-year US bond yields back to 5%. This, and profit booking by the DIIs will restrain the rally a bit.

What should investors do? As per Shrikant Chouhan, Head Equity Research, Kotak Neo, the preferred strategy would be to book some profits on existing long positions if it opens between 25300/25500 levels and look to buy on dips rather than chase the opening strength. Nifty/Sensex may extend the move towards 25,500/82,700, but at those levels, the risk-reward becomes less attractive. On the downside, immediate support is placed at 25,000/81,200, followed by stronger support around 24,800/80,500.

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