The Indian stock market recovered from early losses on Thursday, November 12, 2026, with both benchmark indices ending up in positive territory during early trading. Buying interest in banking, financial services and media stocks supported the market, while losses in IT, auto and pharmaceutical shares limited the gains.
Indian equity markets witnessed volatility during early trading on Thursday. After opening on a cautious note, the market briefly faced selling pressure, partly due to profit booking in select stocks following gains in the previous trading session. However, buying activity subsequently helped both benchmark indices recover their initial losses.
The BSE Sensex climbed 134.09 points, or 0.16%, to reach 82,013.49. Meanwhile, the NSE Nifty advanced 34.35 points, or 0.14%, to trade at 25,289.40.
Market breadth remained favourable, with 2,033 stocks advancing, while 728 stocks declined. Another 163 stocks remained largely unchanged. The number of advancing stocks was significantly higher than declining stocks, although gains in the benchmark indices remained limited, indicating uneven buying activity among major constituents.
Media and financial services stocks recorded buying interest during the session. The Nifty Media index led the sectoral indices, rising 1.41%. The Nifty Financial Services index gained 0.88%, while the Private Bank index advanced 0.54% and the Nifty Bank index increased 0.47%.
The Consumer Durables index rose 0.76%, followed by the Realty index, which gained 0.64%. The Metal index advanced 0.35%.
In contrast, auto, IT and pharmaceutical stocks faced selling pressure. Declines across these sectors restricted the overall gains in the benchmark indices.
Several major financial services stocks attracted buying interest during early trading. HDFC Life shares gained approximately 2.55%, while Shriram Finance advanced 2.21%. Bajaj Finserv shares rose around 2.20%, with Bajaj Finance also witnessing buying activity.
Adani Enterprises, Adani Ports and BSE shares also attracted investor interest.
However, several major stocks traded lower. Mahindra & Mahindra (M&M) declined approximately 1.32%. Apollo Hospitals fell 1.05%, Sun Pharma dropped 1%, and Grasim Industries declined 0.98%.
Selling pressure in these stocks limited the broader market's gains.
Foreign portfolio investors (FPIs) have returned to Indian equities over the past few trading sessions. On Wednesday, November 11, foreign portfolio investors purchased Indian shares worth approximately Rs 12,563 crore, providing support to the domestic market.
In the previous trading session on Wednesday, the Sensex had gained 772.75 points to close at 81,879.40, while the Nifty advanced 210.40 points to reach 25,255.05.
Easing crude oil prices and improved foreign investment inflows have also supported investor sentiment. However, developments in international markets may continue to influence domestic equities.
