Barometers trade near flat line; consumer durables shares rally
Consumer durables shares witnessed buying demand for three consecutive trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 195.79 points or 0.23% to 82,066.50. The Nifty 50 index rose 49.95 points or 0.20% to 25,305.
The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.82% and the Nifty SmallCap 250 Index added 1.13%.
The market breadth was strong. On the NSE, 2,146 shares rose and 1,245 shares fell. A total of 113 shares were unchanged.
Buzzing Index:
The Nifty Consumer Durables index jumped 1.34% to 39,053.05. The index rose 3.02 % in the three consecutive trading sessions.
Kalyan Jewellers India (up 6.98%), Blue Star (up 2.3%), PG Electroplast (up 2.04%), Whirlpool of India (up 1.98%), Dixon Technologies (India) (up 1.63%), Amber Enterprises India (up 1.44%), Thangamayil Jewellery (up 1.41%), Titan Company (up 0.95%), Bata India (up 0.91%) and Crompton Greaves Consumer Electricals (up 0.73%) surged.
Global Market:
Dow futures rose 44 points, signalling a positive opening for US stocks.
Most Asian shares declined on Thursday as investors assessed renewed uncertainty surrounding Nvidia's leadership and persistent concerns over higher US interest rates.
The regional technology sector remained in focus following Wednesday's recovery in US semiconductor stocks. However, renewed uncertainty over Nvidia's leadership weighed on sentiment. The company's shares fell more than 8% in after-hours trading following reports that its board was considering the future of chief executive Jensen Huang. The reports cited allegations concerning his personal associations, which have not been independently established.
Japan reported an acceleration in wholesale inflation. The corporate goods price index rose 7.1% year-on-year in October, compared with 6.8% in September and market expectations of 6.5%. Higher fuel, chemical and semiconductor prices contributed to the increase. The data strengthened expectations of another Bank of Japan rate increase.
US stocks rallied on Wednesday, 11 November 2026, as a recovery in artificial intelligence and semiconductor shares helped offset concerns over higher interest rates.
The Dow Jones Industrial Average advanced 254.60 points or 0.49% to 52,486.49. The S&P 500 gained 98.45 points or 1.31% to 7,619.38, while the Nasdaq Composite jumped 400.31 points or 1.60% to 25,466.19.
Technology stocks led the advance. The Philadelphia Semiconductor Index surged 5.7%, with all its components ending higher. The S&P 500 technology sector gained 2.7%. The CBOE Volatility Index declined for a fourth consecutive session to 17.49.
CoreWeave surged 24.7% after its third-quarter results and improved financial outlook eased concerns about the sustainability of AI infrastructure spending. The company reported revenue of $3.66 billion, up 168% year-on-year, while adjusted EBITDA increased to $2.26 billion from $838 million.
The company raised its FY26 revenue guidance to $13 billion-$13.3 billion from its previous range. It also increased its adjusted operating income guidance to $1.275 billion-$1.375 billion. CoreWeave said it expected to achieve adjusted profitability in the first half of 2028.
Other AI-linked stocks also advanced. Nebius Group jumped 15.4%, while Applied Digital gained 7.4%. The strong performance reflected renewed investor interest in AI infrastructure companies following concerns over high capital expenditure and debt-funded expansion.
Anthropic's proposed public listing also remained in focus. The artificial intelligence company is targeting a valuation of up to $1.4 trillion and could raise as much as $64.4 billion through its share offering. The proposed listing is expected to test investor appetite for large AI-related offerings.
Powered by Capital Market - Live News