GIFT Nifty Indicates Muted Opening for the Indian Stock Market Today

Mumbai, November 12: The Indian stock market and all the included indices are expected to open on a muted note today. The muted opening is indicated by Gift Nifty, which is trading lower by 0.19%, or 48.50 points, and was trading at 25,950. Until now, the index has traded within a range of 26,019 and 25,935.

Sensex and Nifty Ended With Gains Yesterday

Yesterday marked a day in the green for both Sensex and Nifty, as they ended with gains. The Sensex jumped 355.97 points (0.40%) to close at 83,871.32, while the Nifty 50 surged 120.60 points (0.47%) to close at 25,694.95 on Tuesday. The positive performance of Sensex and Nifty was driven by financial and sector-based stocks.

FIIs Turned Net Sellers While DIIs Net Buyers

Yesterday, on November 11, Foreign Institutional Investors turned net sellers and sold Indian equities worth ₹803.22 crore net. On the other hand, the selling by FIIs were offset by Domestic Institutional Investors who bought Indian equities worth ₹2,188.47 crore net.

Global Market Signals

Overnight, US markets mostly ended with gains. The Dow Jones increased 1.02%, while the S&P 500 jumped 0.24%. However, the Nasdaq declined 0.17%, driven by losses in AI-linked stocks such as Nvidia.

Asian Markets have opened on a positive note today with Japan’s Topix up 0.7%, and Hong Kong’s Hang Seng futures up 0.4%.

Commodities and Currency Highlights

Oil prices were steady with hopes that a solution to the US shutdown would increase the demand for crude oil. The Indian rupee increased by 23 paise and was trading at 88.50 per US dollar. Gold prices continued to rise for the fourth straight session, driven by a weaker US dollar.

Muted Opening Expected Today

As indicated by Gift Nifty, the Indian stock market is expected to open on a muted note today. The market may see early volatility, and global signals and other intraday factors will determine its course throughout the trading session. Investors will track Q2 earnings and other global and domestic factors for trading cues today.

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