On Thursday, November 13, equity benchmark indices — the Sensex and Nifty 50 — are expected to open flat, following mixed cues from global markets. Trends on the GIFT Nifty indicate a muted start, with the index trading 4 points lower at 25,952 around 7:18 AM.
In early Asian trade, Asian markets traded mostly higher, while the US stock market ended mixed, with Dow Jones posting a record-high close for a second straight day.
India’s retail inflation cooled sharply to 0.25% in October from 1.44% in September and 6.21% a year earlier, broadly matching expectations.
The Union Cabinet also approved the Credit Guarantee Scheme for Exporters (CGSE), offering 100% credit guarantee coverage through NCGTC to lending institutions for up to ₹20,000 crore in additional credit to eligible exporters, including MSMEs.
Eicher Motors, Muthoot Finance, LG Electronics India, Samvardhana Motherson International, Hero Motocorp, GMR Airports, Alkem Laboratories, Vishal Mega Mart, Bharat Dynamics, Page Industries, Voltas, Jubilant Foodworks, Ipca Laboratories and Apollo Tyres will announce their Q2FY26 earnings on November 13.
On Wednesday, November 12, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹1,750.03 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹5,127.12 crore, marking their 14th consecutive session of net inflows.
Indian equity benchmarks extended their winning streak for the third straight session on Wednesday, November 12, supported by gains in Reliance Industries and IT stocks. Optimism over progress in US-India trade talks and hopes of a resolution to the US government shutdown boosted market sentiment. The Nifty 50 rose 180.85 points or 0.70% to close at 25,875.80, while the Sensex gained 595.19 points or 0.71% to settle at 84,466.51.
Nine of the eleven major sectoral indices ended in positive territory, led by the Nifty IT Index, which climbed over 2% after a 2.8% gain in the previous two sessions. Broader markets also performed strongly, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices closing higher. Meanwhile, India VIX, the volatility index, declined by 3%, indicating easing market uncertainty.
US stock markets ended on a mixed note Wednesday, with the Dow Jones Industrial Average climbing 0.68% to a new record close of 48,254.82. The S&P 500 inched up 0.06% to finish at 6,850.92, while the Nasdaq Composite slipped 0.26% to 23,406.46.
In Washington, the House of Representatives approved a short-term funding measure to end the country’s longest-ever government shutdown, with a 222–209 vote. The Senate had earlier cleared the bill, paving the way for President Donald Trump’s signature.
Meanwhile, Boston Fed President Susan Collins noted that the bar for additional rate cuts remains “relatively high,” citing persistent inflation pressures. She added that policy easing is unlikely unless there’s clear evidence of labor market weakness, especially given limited inflation data during the shutdown.
In Asia, Japan’s wholesale inflation eased slightly, with corporate goods prices up 2.7% year-on-year in October versus a revised 2.8% rise in September and a market forecast of 2.5%.
Gold prices rose on rising bets that the US Federal Reserve will ease monetary policy to shore up the economy. Gold rose 1.7% to $4,197.43 an ounce.
Crude oil prices extended a decline after slumping in the previous session on worries over surplus. Brent crude oil fell 0.46% to $62.42 a barrel, while the US West Texas Intermediate (WTI) crude futures declined 0.58% to $58.18, after plummeting more than 4% in the previous session.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only