On Thursday, November 6, equity benchmark indices — Sensex and Nifty 50 — are expected to open higher, following a rally in global markets amid improved investors’ risk appetite.
As of 7:17 AM, the GIFT Nifty was up 54 points at 25,738, suggesting a higher opening for the Nifty 50.
Meanwhile, Asian markets traded higher, while the US stock market rallied overnight, led by gains in technology stocks.
The domestic stock market was closed on Wednesday, November 5, on account of Guru Nanak Jayanti holiday.
In the latest MSCI India Index reshuffle, Fortis Healthcare, One 97 Communications (Paytm), GE Vernova T&D India, and Siemens Energy India have been added to the index, which forms part of the MSCI Global Standard Index. Meanwhile, Container Corporation of India and Tata Elxsi have been excluded in the November update
Life Insurance Corporation of India, Cholamandalam Investment and Finance Company, Cummins India, Apollo Hospitals Enterprises, ABB India, Mankind Pharma, Zydus Lifesciences,
Bajaj Housing Finance, Lupin, NHPC and Godrej Properties will announce its Q2 earnings on November 6.
On Tuesday, November 4, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹1,067.01 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹1,202.90 crore, marking their 9th consecutive session of net inflows.
On Tuesday, November 4, Indian stock markets ended lower as profit booking across sectors outweighed gains in Bharti Airtel and Titan after their results. The Nifty 50 fell 165.70 points, or 0.64%, to close at 25,597, while the Sensex slipped 519.34 points, or 0.62%, to end at 83,459.15 — both indices staying around 2.5% below their record highs. India VIX remained largely unchanged, indicating stable market sentiment.
Across sectors, all major indices ended in negative territory. Nifty Financial Services dropped 0.4%, and PSU Bank declined 0.11%. The Nifty IT index slipped 1.06% as mixed signals from Fed officials clouded the outlook for a December rate cut. Hero MotoCorp fell 4.5% after reporting an 8% year-on-year drop in October domestic volumes, dragging the Nifty Auto index down by 0.86%. The broader markets also weakened, with Nifty Midcap and Smallcap indices closing lower in line with the benchmarks.
US stock market ended higher on Wednesday as upbeat earnings and better-than-expected economic data fueled investors’ risk appetite.
US stock markets moved higher as the Supreme Court’s sharp questioning of President Donald Trump’s tariff policies lifted expectations of potential duty reductions. Shares of chipmaker Advanced Micro Devices and other AI-related companies also recovered, easing concerns over stretched valuations that had weighed on markets earlier.
The Dow Jones Industrial Average climbed 225.76 points, or 0.48%, to end at 47,311. The S&P 500 added 0.37% to close at 6,796.29, while the Nasdaq Composite advanced 0.65% to finish at 23,499.80.
According to the ADP employment report, US private payrolls saw a sharp recovery in October. Private sector employment rose by 42,000 during the month, following a revised decline of 29,000 in September.
Japan’s services sector maintained steady expansion in October, marking its seventh straight month above the 50.0 threshold. The S&P Global final Services PMI came in at 53.1, slightly lower than September’s 53.3 but higher than the preliminary reading of 52.4, as reported by Reuters.
The dollar held just below multi-month highs on Thursday. The dollar index edged down 0.1% to 99.67.
Gold prices remained stable after recording their sharpest rise in nearly a week. The metal slipped 0.2% to $3,973.15 per ounce, following a 1.2% jump on Wednesday.
Disclaimer: The article is for informational purposes only and not investment advice.
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