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Below the Views on Morning market 11th November 2026 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"Nifty 50 has surged by 8.6% in just six trading days of this month. This surge was triggered mainly by the aggressive FII buying of Rs 53170 crores, so far, this month. The dramatic change in the market environment was triggered by positive global clues for India from the weakening of the AI trade. But it is important to note that the real fundamental support to the rally has come from the better-than-expected Q2 results. The near 24% earnings growth in Nifty 50 in Q2 is a 12 quarter high and has compressed the forward PE for Nifty 50 to fair levels. 

Given the new favourable environment for the Indian market, FIIs are likely to continue buying, imparting resilience to the frontline stocks in banking/financials, telecom, capital goods, select auto and pharmaceutical majors. This rally, which has more steam left, will be led again by large-caps . 

The drop in Brent crude to $92 is an additional macro relief for India. 

On the negative side, the rise in US  inflation and the coming inevitable rate hikes by the Fed has pushed the 10-year US bond yields back to 5%. This, and profit booking by the DIIs will restrain the rally a bit."

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