Nifty 50 Rises 0.57% and Sensex Adds 0.60% on US-India Trade Deal Optimism

Market Update at 10:30 AM: Indian equity markets opened higher on Wednesday, supported by progress in trade talks with Washington and growing expectations that the U.S. government shutdown may soon end. Positive sentiment was also driven by exit polls in the northern Indian state of Bihar, which predicted a victory for the ruling alliance.

At 9:25 a.m. IST, the Nifty 50 index rose 0.57 per cent to 25,840.10, while the BSE Sensex gained 0.60 per cent to 84,368.85. Both benchmark indices had advanced about 0.5 per cent in the previous session, buoyed by optimism surrounding a potential India–U.S. trade deal and signs that the U.S. Congress was close to ending the federal shutdown.”

Among the 16 major sectors, 15 recorded gains in early trade. The broader Small-Cap and Mid-Cap indices each rose around 0.6 per cent, reflecting broad-based market participation.

Pre-Market Update at 7:40 AM: On Wednesday, November 12, equity benchmark indices — Sensex and Nifty 50 — are likely to open higher. GIFT Nifty trends indicated a positive start, with the index trading 145 points higher at 25,965 around 7:18 AM. Market sentiment improved after reports of progress on a US–India trade deal and the resolution of the US government shutdown.

In political developments, US President Donald Trump announced plans to reduce tariffs on India as New Delhi halted Russian oil imports. He said the two nations are close to a “fair deal.” The positive momentum is further supported by exit polls from Bihar showing a decisive BJP–JD(U) victory, strong US market performance, and signs of an end to the US shutdown.

India’s net direct Tax collection increased 7 per cent year-on-year to Rs 12.92 lakh crore as of November 10, compared with Rs 12.08 lakh crore a year earlier. The government targets Rs 25.20 lakh crore for FY26, implying a 12.7 per cent annual growth.

Hindustan Aeronautics, Asian Paints, Tata Steel, Info Edge India, Ashok Leyland, Prestige Estates, Lloyds Metals, GIC, IRCTC, Cochin Shipyard, Endurance Technologies, Indraprastha Gas, Cohance Lifesciences, and IRB Infrastructure Developers are set to announce Q2 FY26 results.

On November 11, Foreign Institutional Investors (FIIs) sold equities worth Rs 803.22 crore, while Domestic Institutional Investors (DIIs) bought Rs 2,188.47 crore, marking their 13th consecutive session of inflows.

On November 11, the Nifty 50 gained 120.60 points or 0.47 per cent to close at 25,694.95, while the Sensex added 335.97 points or 0.40 per cent to end at 83,871.32. Financials led the rally with HDFC Bank and ICICI Bank advancing, though Bajaj Finance dropped 7.35 per cent after lowering its FY26 asset growth forecast. Broader markets were mixed, with midcaps rising and smallcaps slightly lower. India VIX rose 1.5 per cent to 12.5.

The Dow Jones Industrial Average gained 1.18 per cent to a record 47,927.96, the S&P 500 rose 0.21 per cent to 6,846.61, while the Nasdaq slipped 0.25 per cent to 23,468.30. ADP data showed US firms cut 11,250 jobs weekly in late October, signaling slower hiring.

The US dollar index weakened to 99.46. Spot gold rose 0.4 per cent to USD 4,142.70 per ounce, and December futures advanced 0.8 per cent to USD 4,149.20 per ounce. Crude oil prices edged lower, with Brent down 0.11 per cent at USD 65.09 and WTI futures slipping 0.10 per cent to USD 60.97 per barrel.

For today, SAIL will remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.