Sensex slips from day's high as Nifty dips below 25,300 (12 Nov)
- Sensex traded at 82,066.52, down from its session high of 82,325.61.
- Nifty fell below the 25,300 level during Thursday's trading session.
- Banking and financial stocks led the early market gains.
- Investors are awaiting October CPI inflation data for further direction.
- Brent crude prices fell below $92, providing some macroeconomic relief.
The Sensex traded at 82,066.52 as of 11:50 am IST on Thursday, 12 November 2026, retreating from its intraday peak of 82,325.61. The index recorded a gain of 187.12 points, or 0.23 percent, compared to its previous closing price of 81,879.40.
Earlier in the session, the Sensex had traded over 400 points higher. The index also touched a low of 81,576.15 during the morning trading hours.
Sectoral divergence impacts market performance
Nifty PSU Bank also recorded gains.
Bank Nifty and midcap indices show strength
The Bank Nifty index gained nearly 1 percent to trade above the 61,000 level. Meanwhile, the Nifty Smallcap 100 and Nifty Midcap 100 indices each traded over a percent higher.
The Nifty 50 is a float-weighted index tracking 50 of the largest companies listed on the National Stock Exchange. NSE Indices, a subsidiary of the National Stock Exchange, manages the index.
Investors eye October CPI inflation data
Market sentiment shifted as investors awaited the October Consumer Price Index inflation data scheduled for release later today.
Lower crude oil prices, with Brent falling below $92 a barrel, provided some relief on the domestic macroeconomic front. Banking and financial stocks led the buying activity that extended gains on the Indian stock market.
Global cues remained positive as Asian markets traded mostly higher following an overnight rally in the United States. The Nasdaq index gained over 1% driven by strength in technology and chip stocks.
Analysts weigh in on resistance and profit-booking
V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said could reach an all-time high. He added that earnings growth and lower crude oil prices around $92 a barrel are supporting the current rally.
Vijayakumar noted that Domestic Institutional Investors might continue profit-booking, which could put brakes on the market momentum. Ponmudi R, CEO of Enrich Money, identified the 25,400 to 25,500 zone as the immediate resistance band.
A sustained move above this level could strengthen bullish momentum toward the 25,600 to 25,800 zone, according to Ponmudi R. He noted that the 25,200 to 25,100 range serves as immediate support, with crucial support near 24,800.
With the Relative Strength Index elevated near 80, indicating overbought conditions, Ponmudi R suggested the possibility of intermittent profit-booking.
Rupee and commodity price movements
In the commodity markets, the Multi Commodity Exchange gold price fell 0.3% to ₹1,39,251 per 10 grams. The Multi Commodity Exchange silver rate was down 0.92% to ₹1,82,801 per kilogram.
Recent rally context from November 11
On 11 November 2026, the Sensex and Nifty rallied, with the Sensex hitting a nine-month high. The Sensex jumped 773 points according to India New England News, while HDFC Sky reported a surge of 1,302 points. TradingView noted an increase of 1,100 points for the Sensex on the same day.
During this session, the Nifty closed above 25,250 as reported by India New England News, while HDFC Sky placed the index above 25,375. TradingView recorded the Nifty moving past 25,350.
The Indian EYE reported that the rally was supported by Foreign Institutional Investor buying, though profit booking prevented further gains. CNBC TV18 reported the market performance was driven by five specific factors.
Historical market trends and projections
During the Diwali special trading session on 8 November 2026, both the Sensex and Nifty closed lower as banking stocks experienced a decline. On 9 November 2026, the Sensex fell 700 points from the day’s high and the Nifty traded near 24,850, with profit-booking cited as a key factor.
The market opened lower on 10 November 2026, and experts expected the indices to remain range-bound with a positive undertone. HDFC Sky reported on 11 November 2026 that Gift Nifty projections suggested the Sensex and Nifty would open lower on Thursday.
TradingView published a market outlook for 12 November 2026 covering predictions for the Sensex and Nifty.
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