On Tuesday, November 11, equity benchmark indices — Sensex and Nifty 50 — are expected to open flat-to-positive. Trends on the GIFT Nifty indicate a positive start, with the index trading just 63 points higher at 25,728 around 7:13 AM.
In political developments, US President Donald Trump stated that Washington and New Delhi were nearing a trade agreement, adding that the US could soon lower tariffs on Indian goods. He described the deal as being “good for everybody.”
Meanwhile, US Fed Governor Stephen Miran indicated support for a December rate cut, citing cooling inflation and a weak job market, suggesting a 25–50 basis point reduction.
In early Asian trade, Asian markets traded higher, while the US stock market rallied overnight on hopes that the government shutdown will end soon.
Positive sentiment from stronger-than-expected corporate earnings, along with any advancement in India–US trade discussions, could lend further support to market upside.
Bajaj Finserv, Bajaj Holdings & Investment, The Tata Power Company, Bosch, BSE Limited, Fortis Healthcare, Torrent Power, Rail Vikas Nigam, Bharat Forge, PI Industries, Max Financial Services, Biocon, Container Corporation of India, Gujarat Fluorochemicals Limited, and Thermax will announce their Q2FY26 earnings on November 11.
On Monday, November 10, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹4,114.85 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹5,805.26 crore, marking their 12th consecutive session of net inflows.
On Monday, November 10, Indian stock markets ended higher after a 3-day losing streak, supported by gains in IT stocks on optimism over a potential end to the US government shutdown and better earnings outlook. The Nifty 50 rose 82.05 points or 0.32% to 25,574.35, while the Sensex jumped 319 points or 0.38% to 83,535.35. India VIX declined 2% below 12.5.
Among sectors, 7 of 11 indices closed positive, led by IT stocks, as all constituents of the IT index ended in green. Four of the top six Nifty gainers—TCS, HCLTech, Wipro, and Infosys—advanced between 1% and 2.5%. Broader markets also gained, with Nifty Midcap 100 and Nifty Smallcap 100 ending higher.
US stocks rallied sharply on Monday, lifted by strong gains in major AI-focused companies after signs of progress toward ending the prolonged government shutdown.
The Dow Jones Industrial Average climbed 0.81% to close at 47,368.63. The S&P 500 advanced 1.54% to 6,832.43, while the Nasdaq surged 2.27% to 23,527.17, marking its biggest single-day gain since May 27.
Among key movers, Nvidia gained 5.8%, Palantir jumped 8.8%, AMD rose 4.47%, Amazon added 1.63%, and Microsoft advanced 1.85%. Tesla increased 3.7%, while United Airlines and American Airlines slipped 1.3% and 2.5%, respectively. Metsera tumbled 14.8%, whereas Eli Lilly moved up 4.6%.
Meanwhile, US Federal Reserve Governor Stephen Miran signaled support for another rate cut in December, citing easing inflation and a soft labor market. He suggested that a half-point reduction remains suitable, though a minimum quarter-point cut would still be warranted.
Gold prices advanced to nearly a three-week peak as expectations grew for another potential rate cut by the US Federal Reserve in December, boosting the appeal of the safe-haven metal. Spot gold climbed 0.4% to $4,131.83 per ounce, marking its highest level since October 24, while December US gold futures gained 0.4% to $4,138.70 per ounce.
Crude oil prices moved slightly lower in the latest session. Brent crude slipped 0.19% to $63.94 per barrel, and US West Texas Intermediate (WTI) futures edged down 0.23% to $60.01 per barrel.
Disclaimer: The article is for informational purposes only and not investment advice.
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