On Wednesday, November 12, equity benchmark indices — Sensex and Nifty 50 — are expected to open higher. Trends on the GIFT Nifty indicate a positive start, with the index trading 145 points higher at 25,965 around 7:18 AM.
In political developments, US President Donald Trump said his administration plans to lower the high tariffs levied against India, as New Delhi has “stopped” the Russian oil purchase. According to reports, Trump also said that Washington is close to a “fair deal” with New Delhi.
Three Positive Catalysts for Nifty’s Bullish Start:
In early Asian trade, Asian markets gained, while the US stock market ended mixed overnight, on hopes that the government shutdown could be nearing an end.
India’s net direct tax collection rose 7% year-on-year to over ₹12.92 lakh crore as of November 10, compared with ₹12.08 lakh crore a year earlier. The government aims for ₹25.20 lakh crore in direct taxes this fiscal, reflecting a 12.7% annual growth target.
Hindustan Aeronautics, Asian Paints, Tata Steel, Info Edge India, Ashok Leyland, Prestige Estates Projects, Lloyds Metals and Energy, General Insurance Corporation of India, IRCTC - Indian Railway Catering & Tourism Corp, Cochin Shipyard, Endurance Technologies, Indraprastha Gas, Cohance Lifesciences and IRB Infrastructure Developers will announce their Q2FY26 earnings on November 12.
On Tuesday, November 11, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹803.22 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹2,188.47 crore, marking their 13th consecutive session of net inflows.
On Tuesday, November 11, Indian markets extended gains for the second straight session, led by buying in financial heavyweights HDFC Bank and ICICI Bank. The Nifty 50 rose 120.60 points or 0.47% to close at 25,694.95 after recovering 245 points from the day’s low, while the Sensex added 335.97 points or 0.40% to end at 83,871.32. Both indices remain about 2.2% below their record highs, with India VIX rising 1.5% to 12.5.
Out of 11 sectoral indices, six ended higher, while the Nifty Financial Services index dipped 0.09% due to weakness in Bajaj twins. Bajaj Finance fell 7.35% after cutting its FY26 asset growth forecast to 22%-23% amid rising SME loan stress.
Shrimp makers Apex Frozen Foods Ltd and Avanti Feeds Ltd gained over 5% on optimism surrounding the India-US trade pact. Broader markets were mixed, with the Nifty Midcap 100 closing higher and the Smallcap 100 closed in the red.
US stocks ended mixed on Tuesday, with the Dow Jones Industrial Average hitting a record close amid optimism over progress toward ending the longest U.S. government shutdown.
The Dow advanced 1.18% to 47,927.96, while the S&P 500 inched up 0.21% to 6,846.61. In contrast, the Nasdaq slipped 0.25% to close at 23,468.30.
Meanwhile, U.S. labor data from ADP Research showed companies cut an average of 11,250 jobs weekly in the four weeks ended October 25, signaling a slowdown in hiring momentum.
The US dollar weakened following the release of private-sector employment data. The greenback hovered near its lowest level in over a week, with the dollar index at 99.46.
Gold extended its gains for the fourth consecutive session, supported by a softer dollar and optimism over the possible reopening of the US government. Spot gold rose 0.4% to $4,142.70 per ounce, and US gold futures for December delivery advanced 0.8% to $4,149.20 per ounce.
After three sessions of gains, crude oil prices edged lower. Brent crude slipped 0.11% to $65.09 per barrel, while US West Texas Intermediate (WTI) futures declined 0.10% to $60.97 per barrel.
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