News

Post Market Update- Crackers on D-Street. Sensex surges 2,009 pts, Nifty above 24,500

Stocks in the news-

1. Mahindra Life signed Its First 100-acre Plotted Dvpt. in Mumbai Metropolitan Region.

2. Tata Power Renewables Commissions 300 MW Project for SECI in Karnataka.

Earnings-

1. Hi-Tech Pipes Q2 net profit up 36.5% YoY at Rs. 27.3 Cr.

2. Hester Biosciences Q2 net profit surged 41% YoY at Rs. 20.3 Cr

Indian indices-

Indian stock markets closed sharply higher on November 5, 2026, marking their biggest single-day advance in over six months. The rally was driven by a sharp fall in crude oil prices, which eased concerns over India's inflation and import bill, positive global cues following the US midterm election results, strong gains on Wall Street, and continued foreign institutional investor (FII) buying. Buying interest was broad-based, with banking, financial, auto, and IT stocks leading the gains and strengthening rupee further boosted investor sentiment. At close, the Sensex was up 2,008.61 points or 2.60% at 79,310.01, and the Nifty was up 576.00 points or 2.40% at 24,536.60.

Rupee closed at 94.48/$ Vs. Wednesday's close of 94.64/$.

Buzzing stocks on BSE-

1. Bombay Stock Exchange (BSE) surged 5.23% to Rs. 3,790 on the NSE, after the company’s consolidated net profit jumped 44.90% YoY to Rs 809.15 crore in Q2 FY27 compared with 558.43 crore in Q2 FY26.

2. Lenskart Solutions gained 4.20% to Rs. 720, after the company reported a 105.3% year-on-year increase in consolidated profit after tax to Rs 232 crore in Q2 FY27 from Rs 113 crore in Q2 FY26.

LG Electronics India advanced 5.02% to Rs. 1,777.85, after the company’s standalone net profit jumped 25.66% to Rs 489.34 crore in Q2 FY27 compared with Rs 389.43 crore in Q2 FY26.

Global Signals-

Asian markets closed mixed, with Hong Kong's Hang Seng rallying sharply, while Japan's Nikkei 225 and South Korea's Kospi ended lower amid mixed investor sentiment across the region.

European markets were trading higher, supported by easing crude oil prices and improved global risk sentiment following the US midterm election outcome.