Indian benchmark equity indices executed a historic bullish rally on Thursday, November 5, 2026, with the BSE Sensex soaring over 2,000 points and the Nifty 50 crossing the 24,500 mark.
Market sentiment was propelled by a sharp decline in international crude oil prices following the U.S. midterm election outcomes, where Democratic control of Congress raised hopes for diplomatic resolution in the U.S.-Iran conflict.
The 30-share BSE Sensex surged by 2,093 points (2.71%) to reach an intraday high of 79,395.33 near the close of trade, while the Nifty 50 jumped 595.35 points (2.48%) to hit 24,555.95.
Corporate Q2 Earnings & Sectoral Highlights
Beyond macro-driven gains, active buying across corporate heavyweights and quarterly earnings announcements drove significant stock-specific action:
- Physicswallah (PW): Shares jumped 10.08% to an intraday high of ₹140.25 on the NSE after reporting a massive 102.8% YoY surge in Q2 FY27 net profit.
- Adani Ports & SEZ: Scaled a fresh 52-week high of ₹1,948.90 per share, tracking broader market momentum.
- Bharat Forge: Volatile trade following Q2 FY27 results; shares dipped 1.5% to ₹1,785.60 after rising over 4% earlier, as Q2 net profit fell 6.9% YoY to ₹279 crore.
- Kirloskar Oil Engines: Dropped 8.6% to ₹1,646.80 after reporting a 19% YoY decline in Q2 net profit to ₹131.5 crore.
- Broader Market Strength: The Nifty MidCap and Nifty SmallCap indices advanced 1.19% and 1.14%, respectively.