Stock Market Today: Massive jump in Sensex, Nifty! ₹4.5 lakh cr wealth added in a few mins - Reasons for bullish party

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The Sensex and Nifty climbed more than 1% in Wednesday trading, led by gains in major stocks including IndiGo, M&M and HDFC Bank. Mid- and small-cap shares also advanced as easing oil prices and improved investor sentiment buoyed markets.

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.

Dalal Street witnessed broad-based buying, led by auto, banking and financial services stocks. PSU banks and private sector lenders recorded strong gains, while consumer durables and cement stocks also advanced. It, FMCG, media and metal shares traded higher, contributing to the positive market momentum. However, pharma, healthcare and realty stocks bucked the broader trend, emerging as the key laggards amid the widespread rally.

Asian markets gain: Asian equities traded higher in early deals on Wednesday as better-than-expected earnings from CoreWeave helped ease concerns about the outlook for investments linked to artificial intelligence (AI). The positive sentiment offset some of the pressure from a Wall Street selloff in the previous session, which was triggered by hotter-than-expected US inflation data.

Japan's Nikkei 225 advanced…

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