Sensex, Nifty Fall As CPI Tops 6%; FIIs Pump In Rs 73,500 Crore, Highest Since July 2025 - Are Bears Returning

The Indian stock market is witnessing a bearish trend as the Sensex and Nifty fall on November 13, 2026, halting their long winning streak after Gift Nifty traded lower near 25,270 levels. The reason behind the latest decline is India's CPI inflation, which climbed above RBI's upper limit of 6% in September, which is the highest in two years, signalling another rate hike from RBI going ahead.

The performance also shrugs the strong buying from foreign institutional investors (FIIs) who have pumped in more than Rs 73,500 crore in just 8 sessions of the Indian stock market, marking November the best month so far since July 2025.

Sensex, Nifty Fall Today, November 13, 2026:

Sensex tumbled by nearly 611 points to hit an intraday low of 81,300.46 in the early trade of November 13, 2026. Nifty 50 plunged by nearly 222 points to hit an intraday low of 25,077.55.

At the time of writing, both benchmarks have recovered some losses but continue to trade in red. Sensex is down 200 points to hold around 81,715 and Nifty tanks 0.4% to hold a little above 25,200.

Stocks like Sun Pharma, HCL Tech, Hindustan Unilever, Tech Mahindra and Tata Steel are among top gainers with 0.5% to 0.90% upside. However, the draggers were M&M with 1.4% decline followed by HDFC Bank with 1.2% drop. Other stocks like SBI, Bharat Electronics, Axis Bank and Bajaj Finserv dips 0.5% to 1%.

Bank Nifty emerged among top losers with nearly 457 points decline to trade around 61,058. India's volatility index has slipped by 1.6%. Among sectoral indices, Nifty Auto, Nifty Financial Services, Nifty Private Bank, Nifty PSU Bank and Nifty Realty have slipped by nearly 1% each.

India's retail inflation rose to 6.09% in October from 5.54% in September, its highest level in two years and above the RBI's 6% upper tolerance limit, with food inflation climbing to 8.94%. The data keeps the rate outlook hawkish ahead of the RBI's December 4 policy meeting and leaves the market vulnerable to consolidation after its sharp recovery, as per Ponmudi R, CEO of Enrich Money.

Also, global cues are mixed. Ponmudi added, Wall Street ended lower overnight after rising bets on a December Fed rate hike pushed US bond yields back above 5%, while small caps underperformed. Sentiment in technology was also hit by the sudden resignation of Nvidia CEO Jensen Huang, which unsettled the AI trade ahead of the company's earnings next week. Asian markets are trading firm this morning, with the Nikkei up 1.11% and the Kospi up 1.84%, offering some support to sentiment.

Further, crude oil prices have rebounded with US WTI trading in the range of $88-89 per barrel as Houthi forces carried fresh attacks on Saudi's energy facilities which has renewed energy crisis concerns.

Despite the latest fall, Sensex and Nifty are on the path to record 1% weekly gains.

Although the expert believes that the near-term outlook is cautious, continued FPI buying and sustained moderation in oil prices could improve the sentiment.

FIIs Make Strongest Buying Since July 2025:

FPIs have been net buyers throughout 8 sessions so far. However, there was a mild correction during Muhurat trading, but so far, foreign institutional investors (FIIs) have pumped in over Rs 73,500 crore from November 1st to 12th, making the current month the strongest monthly performance since July 2025.

Data from Stock Edge reveal that so far in November, FIIs have infused Rs 73,565.92 crore in less than two weeks, which is stronger compared to selloffs of Rs 45,161.71 crore in October 2026 and Rs 44,012.82 crore in September 2026.

However, FIIs outflow in 2026 so far has hit a record high of Rs 374,663.27 crore—with the strongest selling in March 2026 alone with Rs 122,540.41 crore outflow. Nonetheless, the latest buying trend from FIIs is promising.

Why Are FIIs Buying?

The renewed interest has been driven by attractive valuations, resilient earnings growth, and India's relative appeal amid a global rotation away from AI-driven investment themes, as per Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India.

As per the expert, expectations of capital market tax reforms, including potential Long-term Capital Gains relief for offshore investors, STT rationalization, and simplification of capital gains taxation, have further supported sentiment. If implemented, these measures could enhance post-tax returns, improve market liquidity, and strengthen India's attractiveness as a destination for foreign capital.

Stock Market Outlook: Are Bears Returning?

Traders should watch key support zones closely, as holding these levels will be crucial to preserving the current positive market structure, as per Deepesh Sarawagi, Technical Research Analyst at Choice Broking.

For day traders, Shrikant Chouhan, Head Equity Research, Kotak Neo said, 25150/81500 would now act as an immediate support zone, while 25400/82200 could act as an immediate resistance zone for the bulls. As long as the market is trading within this range, non-directional activity is likely to continue. On the higher side, above 25400/82200, the market could rally to 25500-25550/82500-82700, while below 25150/81500, it could slip to 25000-24800/81200-80600, which is a buying zone for the market.

Meanwhile, near-term outlook remains cautious, with market direction likely to be shaped by movements in crude oil prices, US Treasury yields and foreign portfolio flows. A sustained moderation in oil prices, coupled with continued FPI buying, could provide further support to the rally, as per Ponmudi.

However, the expert also believes that a renewed rise in bond yields or fresh escalation of tensions in the Gulf could weigh on sentiment and prompt profit-booking at elevated levels.