Nifty and Sensex to Open on a Positive Note; 393 Companies to Announce Q2 Results Today

Pre-Market Update at 7:40 AM: On Tuesday, November 11, equity benchmark indices — Sensex and Nifty 50 — are likely to open flat-to-positive. Trends on the GIFT Nifty indicated a positive start, with the index trading 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, suggesting that the US may soon lower tariffs on Indian goods. The agreement is expected to benefit both economies. Meanwhile, US Federal Reserve 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, markets were trading higher, while US indices rallied overnight on optimism over a potential end to the government shutdown. Positive cues from corporate earnings and progress in India–US trade discussions may provide further market support.

On Monday, November 10, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 4,114.85 crore. Domestic Institutional Investors (DIIs) maintained their buying trend, purchasing equities worth Rs 5,805.26 crore — marking their 12th consecutive session of net inflows.

On November 10, Indian markets ended higher after a three-day losing streak, supported by gains in IT stocks amid hopes of resolution to the US government shutdown. The Nifty 50 rose 82.05 points or 0.32 per cent to 25,574.35, while the Sensex advanced 319 points or 0.38 per cent to 83,535.35. India VIX fell 2 per cent to below 12.5.

Among sectors, 7 of 11 indices closed positive, led by IT stocks. Major gainers included TCS, HCLTech, Wipro, and Infosys, which rose between 1 per cent and 2.5 per cent. Broader markets also gained, with Nifty Midcap 100 and Smallcap 100 closing higher.

US stocks rallied sharply on Monday, led by major AI-focused companies. The Dow Jones gained 0.81 per cent to 47,368.63, the S&P 500 climbed 1.54 per cent to 6,832.43, and the Nasdaq surged 2.27 per cent to 23,527.17 — its biggest one-day gain since May 27. 

Gold prices rose to a near three-week high as expectations increased for another US Fed rate cut in December. Spot gold climbed 0.4 per cent to USD 4,131.83 per ounce, while US gold futures gained 0.4 per cent to USD 4,138.70 per ounce. Crude oil prices edged slightly lower, with Brent crude down 0.19 per cent at USD 63.94 per barrel and US WTI futures slipping 0.23 per cent to USD 60.01 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.