Market Midday, 11 November 2026: Sensex Jumps 8,000 Points In Eight Sessions As BSE Market Capitalisation Climbs Nearly ₹38 Lakh Crore

India's stock market has added nearly ₹38 lakh crore to its total market value in just eight trading sessions this month. This has taken the combined market capitalisation of BSE-listed companies to around ₹512 lakh crore.

The Sensex has gained nearly 8,000 points during this period. Meanwhile, the Nifty has climbed around 10% to cross the 25,400 mark. The Sensex has also moved above 82,500.

The rally, which started ahead of Diwali, has continued after the festival. Heavy foreign institutional investor (FII) buying, better-than-expected September-quarter earnings and improving global sentiment have supported the gains.

At around 11:30 am, the Sensex was up over 1200 points, or 1.50%. At the same time, the Nifty 50 was up over 300 points, or 1.29%.

FIIs Purchasing Indian Equities

Foreign institutional investors (FIIs) have bought equities worth ₹53,170 crore so far this month. Analysts said the return of overseas money has been one of the biggest triggers behind the latest market move. A shift in global investment sentiment, particularly the weakening of the artificial intelligence-led trade, has also helped Indian equities.

However, market watchers said the rally has received support from corporate earnings as well. Nifty 50 companies reported earnings growth of nearly 24% in the second quarter, the highest in 12 quarters. This has also brought the index's forward price-to-earnings valuation closer to fair levels.

Tax Reform Hopes Bring Foreign Investors Back Into Focus

Expectations of changes in capital market taxation are also influencing foreign investor decisions. Market experts said foreign portfolio investors (FPIs), who had been consistent sellers of Indian equities, have adopted a wait-and-watch approach in recent weeks.

Industry representations and indications that the Finance Ministry could revisit the taxation framework for long-term investors in Budget 2027 have encouraged some overseas investors to reassess their India exposure. Investors sitting on significant unrealised gains are reportedly delaying stake sales until there is greater clarity on possible changes.

Industry proposals include rationalising securities transaction tax (STT), simplifying capital gains taxation and offering relief under the long-term capital gains (LTCG) framework for offshore institutional investors.

There are also expectations that the government could consider removing the existing 12.5% LTCG tax on foreign investors' equity investments. Industry bodies have also sought the restoration of the LTCG exemption on listed securities.

Global Cues Improve, But Risks Remain

The global environment has turned more supportive of emerging markets. Hopes of softer US trade measures, expectations of lower interest rates and improved global liquidity have helped investor sentiment.

The fall in Brent crude prices to around $92 a barrel has provided additional relief for India, which depends heavily on oil imports. At 11:32 am, Brent oil futures for January 2027 stood at $92.50 per barrel.

However, market watchers have flagged risks from rising US inflation and higher bond yields. The US 10-year Treasury yield has returned to 5%, which could put pressure on emerging market equities. Profit booking by domestic institutional investors may also restrict further gains.

Earnings Growth Could Drive The Next Phase

Market experts said improving credit conditions, consumption and private sector investment were coming together to support a longer earnings growth cycle.

They also pointed to India's growth prospects, corporate balance sheets and a pickup in private sector capital expenditure as important drivers over the coming years.

Earnings growth is expected to play a bigger role in supporting market returns, rather than liquidity alone. Regular domestic savings flowing into equities continue to provide a base for the market, while a return of foreign investors could add to the momentum if global conditions remain supportive.

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