srini.presents · for curious grown-upsPost Market

Nifty Chronicles

Up, up… and a soft landing

Captain Nifty floated up to 25,424 by late morning on a balloon pumped by the banks. Then some air leaked out. He still came down at 25,255, up 210 points on the day.

Wednesday 11 November 2026Data to 5:30 pm IST
HIGH 25,424 25,000 HILL CLOSE 25,255 N50 BANKS WHOOSH! srini.presents

← Previously: Tuesday’s Storm Watch holiday special, when the world kept moving while India rested.

The Post Market edition tells you what happened in India today. The Pre Open edition at 3 am brings the overnight world, today’s levels and our call. Badges: FACT ESTIMATE OPINION

Today’s scoreboard

25,255
Nifty 50 · up 210 pts
81,879
Sensex · up 773 pts
60,792
Bank Nifty · up 1,051 pts
≈ 3%
PSU banks · best sector
≈ 2%
Smallcap 100 · up
≈ 1%
Midcap 100 · up

All closing figures for Wednesday 11 November, compared with Monday’s close. Tuesday was a market holiday. Rounded for easy reading. FACT [1] [3]

The day in four frames

9:15 am

BOING!

The Captain jumped straight to 25,338, almost 300 points above Monday. Cheaper oil and returning foreign money did the pushing.

Captain NiftyHoliday’s over. Let’s fly!
Late morning

The peak

He touched 25,424. Bank Nifty got within 1% of its all-time record as PSU banks charged.

Prof. EarningsEnjoy the view. Balloons don’t stay up for free.
Afternoon

Ssssss…

Profit-taking let the air out. The Captain sank to 25,095, but even that low stayed above Monday’s close. IT, pharma and realty shares sagged.

3:30 pm

Soft landing

The Captain settled at 25,255. That is below where he opened, but still well above Monday.

Times are approximate. Open, high and close are reported figures. FACT [2] [3] [4]

Heroes and laggards

Who carried the Captain FACT

  • Banks led the day, with PSU banks the strongest sector at about 3%.
  • Mahindra & Mahindra, IndiGo and Trent were the top Nifty gainers at the close.
  • Smaller companies joined in: the Smallcap 100 rose about 2%.
  • A broad party: 2,495 NSE stocks rose and only 1,166 fell, about two risers for every faller.

[1] [2]

Who sat it out FACT

  • IT lagged again. A firmer rupee is a headwind for dollar-earning software exporters.
  • Healthcare and pharma were the other weak spots.
  • ICICI Bank and Adani Ports were the biggest Nifty drags.
Prof. EarningsWhen banks run and IT walks, the Nifty still moves, because banks carry more weight.

The last five sessions

24,00024,50025,00025,50024,5375 Nov25,0306 Nov24,9868 Nov*25,0459 Nov25,25511 Nov

Green means a higher close than the session before, red means lower. The axis starts at 24,000. *8 Nov was the Muhurat session. Over these five sessions the Nifty gained about 1,294 points from the 4 Nov close of 23,961. FACT [5]

The Captain’s health check

Temperature: running hot ESTIMATE

His momentum score (RSI) read 78 on Monday. Above 70 counts as “hot”. He is also about 8% above his 50-day average. That is fit, but sweaty.

Dated 9 Nov provider readings. [6] [7]

Nerves: a little jumpy FACT

18

The fear gauge (India VIX) closed at about 18, a touch higher than Monday, even on an up day. It measures how big traders expect the swings to be, not which way.

Closing value. [8]

Verdict!

Strong legs, hot head. After a run like this, a breather is more likely than a sprint. OPINION

The money trail

Foreign money is back FACT

Foreign investors bought about ₹56,771 crore of Indian shares in the eight sessions to Monday, their biggest streak since December 2020. On Monday alone foreign institutions bought ₹7,212 crore while domestic funds sold ₹7,173 crore. Wednesday’s figures were not yet available at the cutoff. [9]

Cheaper oil, stronger rupee FACT

Brent crude dipped to about $91 a barrel during India’s session, near two-month lows. The rupee closed near 94 per dollar after touching its strongest level since April. India buys most of its oil abroad, so both help the import bill. [10] [11]

Prof. Earnings’ word of the day

GAP-UP

When the market opens well above the previous close, with no trading in between, the chart shows an empty “gap”. Today’s gap was almost 300 points, because a holiday gave good news two days to pile up. Gaps often get partly “filled” later on. Today the Captain gave back part of his jump by the close.

Tonight’s homework

Three questions the Pre Open edition answers at 3 am, together with tomorrow’s levels and our call:

  1. Wall Street: do US shares keep wobbling after Tuesday’s hot inflation report?
  2. The Crude Kraken: does oil stay near two-month lows?
  3. India’s inflation number is due Thursday evening, with forecasts near 6%. Does that make traders cautious?
Captain NiftyI’m parking the balloon. Wake me at three.
TONIGHT 3 AM

Next up: Pre Open, 3 am. The answers to tonight’s homework, Thursday’s levels and our call, before the 9:15 bell. On a Friday, the next read is Saturday’s Week That Was at 4 pm. srinipresents.com/nifty

The fine print

Data to 5:30 pm IST, Wednesday 11 Nov 2026. Figures are rounded to whole numbers for easy reading. Wednesday’s provisional FII/DII cash flows were not yet available at the cutoff. Momentum readings are Trendlyne’s 9 Nov snapshot. Brent and rupee figures are intraday or late-session reports, not official settlements. The cover is an original drawing in the series style.

  1. Upstox · market wrap, 11 Nov: closes, sectors, movers, breadth; DSIJ · closing bell and breadth
  2. Angel One · open, high, low and close; top movers
  3. Tickertape · index history, including Bank Nifty
  4. NewsBytes · afternoon profit-taking
  5. Mint via TradingView · 8 and 9 Nov closes; Oquilia · 6 Nov; ICICI Direct · 5 Nov; Oquilia · 4 Nov
  6. Trendlyne · 9 Nov RSI and averages
  7. Business Standard · distance from 50-day average
  8. HDFC Sky · India VIX close
  9. Business Standard · FPI inflows over eight sessions; DSIJ · 9 Nov FII/DII
  10. FinanceFeeds · Brent, 11 Nov
  11. Reuters via Business Recorder · rupee, 11 Nov
For information and education only. Not personal financial advice, a recommendation to buy or sell, or a trading signal.