It's official. Ahmedabad has now been named as the official host of the 2030 Commonwealth Games. The last time India hosted the Games was in 2010 in Delhi. This time, the event is set to be held in Ahmedabad, a city that has significantly upgraded its sports infrastructure over the past decade
Sensex jumps 595 points on strong global cues; Nifty ends above 25,850-mark
Sensex jumps 595 points on strong global cues; Nifty ends above 25,850-mark
Equity benchmark indices Sensex and Nifty continued their upward momentum for the third straight day on Wednesday (November 12, 2025), supported by gains in IT and consumer durables shares amid a rally in global equities markets.
Traders said optimism over the anticipated resolution of the U.S. government shutdown and growing expectations of interest rate cuts by the Federal Reserve also bolstered the sentiment.
The 30-share BSE Sensex rallied 595.19 points, or 0.71%, to settle at 84,466.51. It gained up to 780.69 points, or 0.93%, to hit an intraday high of 84,652.01.
The broader NSE Nifty climbed 180.85 points, or 0.70%, to close at 25,875.80. During the session, it jumped 239.6 points, or 0.93% to hit a high of 25,934.55.
From the Sensex pack, Asian Paints, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Adani Ports, HCL Technologies, Bharti Airtel, Infosys, Trent, Reliance Industries, UltraTech Cement, Sun Pharmaceuticals, Eternal, Titan, and Bajaj Finance were the gainers.
On the other hand, Tata Steel, Tata Motors Passenger Vehicles, Tata Motors Commercial Vehicles, Bharat Electronics, Kotak Mahindra Bank, and PowerGrid were the laggards.
“Global equities rallied on renewed risk appetite, driven by optimism over the anticipated resolution of the U.S. government shutdown and growing expectations of early Fed cuts amid signs of a cooling U.S. labour market,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Nair noted that emerging markets outperformed, reflecting the improvement in global sentiment.
“Indian indices mirrored this strength, with large-cap stocks leading gains, particularly in the auto, IT, and pharma sectors. Supportive domestic macro fundamentals — including easing CPI and WPI inflation, a strong GDP outlook, and healthy H2 earnings expectations — continue to underpin positive market momentum,” he said.
In Asian markets, South Korea's Kospi, Hong Kong's Hang Seng, and Japan's Nikkei 225 benchmark closed higher, while Shanghai's SSE Composite Index closed in the negative zone.
Markets in Europe are trading largely higher. The U.S. markets closed higher on Tuesday (November 11, 2025).
Brent crude, the global oil benchmark, declined 0.84% to $64.61 per barrel.
Foreign Institutional Investors (FII) offloaded equities worth ₹803.22 crore on Tuesday (November 11, 2025), while Domestic Institutional Investors bought stocks worth ₹2,188.47 crore, according to the exchange data.
On Tuesday (November 11, 2025), the 30-share BSE Sensex jumped 335.97 points to settle at 83,871.32, while the NSE Nifty climbed 120.60 points to close at 25,694.95.
Published - November 12, 2025 04:25 pm IST
business (general) / economy, business and finance / market and exchange
Source: TheHindu
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It's official. Ahmedabad has now been named as the official host of the 2030 Commonwealth Games. The last time India hosted the Games was in 2010 in Delhi. This time, the event is set to be held in Ahmedabad, a city that has significantly upgraded its sports infrastructure over the past decade
3 months ago
