Markets to rally as exit polls hint at NDA win in Bihar; Groww, Adani Enterprises, BSE, TMCV, Tata Power shares in focus
/ 3 min read
The BSE Sensex and the NSE Nifty are set to open higher on November 12 | Credits: Getty Images
Markets to rally as exit polls hint at NDA win in Bihar; Groww, Adani Enterprises, BSE, TMCV, Tata Power shares in focus
The Indian markets are poised for a strong opening as exit polls suggest a decisive win for the NDA in Bihar, boosting investor sentiment. Key stocks like Groww, Adani Enterprises, and Tata Power are in focus. Positive global cues, including rallies in U.S. and Asian markets, further enhance the optimistic outlook for the Sensex and the Nifty.
This summary is AI-generated, and Fortune India is not responsible for its content or any associated copyright issues.
At 8:05 AM, the GIFT Nifty futures were up 150 points, or 0.58%, at 25,970 levels, indicating a strong start for the domestic benchmark indices—the Sensex and the Nifty50.
THIS STORY FEATURES
The BSE Sensex and the NSE Nifty are set to open higher on November 12 | Credits: Getty Images
The Indian benchmark indices, the BSE Sensex and the NSE Nifty, are set for a strong opening on Wednesday after exit polls projected a decisive majority for the National Democratic Alliance (NDA) in Bihar, ahead of the Assembly election results on November 14. Positive cues from the global markets are likely to add to the optimism, with equities in the U.S. and Asia rallying as investors welcomed progress towards ending the U.S. government shutdown.
At 8:05 AM, the GIFT Nifty futures were up 150 points, or 0.58%, at 25,970 levels, indicating a strong start for the domestic benchmark indices, the Sensex and the Nifty50.
According to exit polls for the Bihar Assembly Elections, the NDA is projected to return to power with a clear majority, while the Mahagathbandhan is likely to finish a distant second. The Bihar Assembly elections were conducted in two phases on November 6 and November 11, 2025. The counting of votes is scheduled for November 14, 2025, when the official results will be announced.
On Tuesday, the benchmark indices ended higher in choppy trade, lifted by strong buying in IT and auto stocks. The BSE Sensex bounced back 747 points from the day’s low of 83,124.03 to close at 83,871.32, gaining 335.97 points or 0.40%. The NSE Nifty50 also advanced 120.6 points, or 0.47%, to finish at 25,694.95, after recovering 245.7 points from an intraday low of 25,449.25.
In the broader markets, the Nifty Midcap 100 rose 0.50%, while the Smallcap index edged down 0.21%, reflecting a mixed trend.
On the sectoral front, IT and auto led the rally with gains of 1.20% and 1.07%, respectively. Meanwhile, PSU Bank was the only major underperformer, slipping 0.39%.
The data showed that foreign portfolio investors (FPIs) offloaded Indian equities worth ₹803 crore, while domestic institutional investors (DIIs) emerged as net buyers, accumulating shares worth ₹2,188.55 crore.
Recommended Stories
Top stocks to watch today
Billionbrains Garage Ventures: Fintech unicorn Groww is set to debut on the Indian stock exchanges today following strong investor interest in its IPO.
Tata Motors Commercial Vehicles: The shares of commercial vehicles (CV) division of Tata Motors will list on the BSE and NSE today, completing the company’s long-awaited demerger process.
Tata Power: The integrated power company of the Tata group reported consolidated profit after tax of ₹1,245 crore in Q2FY26, growing by 14% year-on-year (YoY) from ₹1,093 crore in the corresponding period last year.
{{#most-powerful-women-snapshot-individual.slug}} {{/most-powerful-women-snapshot-individual.slug}} {{^most-powerful-women-snapshot-individual.slug}} {{/most-powerful-women-snapshot-individual.slug}} {{#showRanking}} {{current-rank}} {{/showRanking}} {{#photo.0.url}}
{{name}}
BSE: The exchange reported a strong performance in the September quarter, with consolidated profit jumping 61% year-on-year to ₹558.4 crore from ₹346.8 crore.
Rail Vikas Nigam: The railway PSU reported a 19.7% year-on-year decline in profit to ₹230.3 crore versus ₹286.9 crore last year. Revenue, however, grew 5.5% to ₹5,123 crore from ₹4,855 crore.
ESAF Small Finance Bank: The lender ESAF Small Finance Bank narrowed its net loss to ₹115.8 crore from ₹190 crore in the year-ago period. Net interest income fell 32.5% to ₹364.1 crore versus ₹539.2 crore.
Torrent Power: The power company posted a robust 50.5% surge in consolidated profit to ₹723.7 crore compared to ₹481 crore last year. Revenue grew 9.8% to ₹7,876 crore from ₹7,175.8 crore.
Gujarat Fluorochemicals: The company saw its profit climb 48% year-on-year to ₹179 crore from ₹121 crore. Revenue was up 1.9% at ₹1,210 crore compared to ₹1,188 crore.
Zaggle Prepaid Ocean Services: The firm recorded a sharp 72.4% jump in profit to ₹35 crore from ₹20.3 crore. Revenue rose 42.9% to ₹432.2 crore versus ₹302.6 crore a year ago.
Godrej Industries: The company posted a 15.7% decline in consolidated profit to ₹242.5 crore against ₹287.6 crore last year. Revenue, however, increased 4.7% to ₹5,032.1 crore from ₹4,805 crore.
Container Corporation of India (Concor): The PSU reported a modest 3.6% rise in profit to ₹378.7 crore from ₹365.4 crore. Revenue increased 2.9% to ₹2,354.5 crore from ₹2,287.8 crore.
(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)