Global Markets Today, November 11, 2026: India Likely To Open Higher as Asian Shares Climb

Mumbai, November 11: Indian equity benchmarks are likely to open higher on Wednesday, November 11, as investors return from a holiday, with gains across Asian markets and softer crude oil prices providing support. However, weakness on Wall Street following hotter-than-expected US inflation data and concerns over an aggressive Federal Reserve rate hike could temper the optimism. 

Improving foreign investor participation and easing concerns over energy prices have also supported sentiment towards Indian equities. 

Asian markets advance on easing geopolitical concerns 

Asian markets advanced on Wednesday, extending the previous session’s recovery as easing concerns over a further escalation of the US-Iran conflict helped lift risk appetite. Investors have been encouraged by the prospect of diplomatic efforts to end the conflict, which has kept energy prices elevated and fuelled inflation concerns across global markets. 

The recovery follows a strong showing in the previous session, when South Korea’s KOSPI surged 4.4%, while Japan’s Nikkei gained 2.9%. Today KOSPI rose 1.5% and Nikkei climbed 0.8%. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.99%, moving further away from a seven-month low touched last week amid a technology-led selloff. 

Wall Street retreats after hotter US inflation reading 

The global sentiment backdrop, however, remained mixed after US inflation data came in hotter than expected. Wall Street ended lower on Tuesday, with the Dow Jones Industrial Average declining 0.3%, the S&P 500 falling 0.38% and the Nasdaq Composite losing 0.74%. 

US consumer prices rose 0.4% in October, exceeding economists’ expectations of a 0.3% increase. The reading strengthened bets that the Federal Reserve could raise interest rates by 50 basis points in December, triggering a sharp rise in Treasury yields and adding to concerns over tighter global financial conditions. 

The two-year US Treasury yield registered its biggest single-day increase since April 2025, reflecting growing investor anxiety over the outlook for monetary policy. 

Crude oil retreat offers relief to Indian markets 

Crude oil prices remained another important driver of global sentiment. Brent futures had fallen to a two-month low of $89.16 per barrel on Tuesday, after US officials played down the possibility of further military action against Iran. Prices subsequently recovered to around $92 a barrel. 

The retreat in oil prices offers some relief to energy-importing economies such as India, where lower crude prices can ease pressure on the current account deficit, inflation and corporate input costs. However, renewed geopolitical risks and uncertainty surrounding US-Iran negotiations could trigger volatility in energy markets. 

Foreign fund inflows provide additional support 

For Indian equities, softer crude prices, improving foreign investor participation and positive Asian cues could provide a supportive backdrop. Foreign portfolio investors have purchased $5.68 billion worth of Indian equities in November so far, their biggest monthly buying since September 2024. 

The Nifty 50 and Sensex have also gained nearly 9% this month, supported by lower oil prices and encouraging corporate earnings. 

However, investors will remain watchful of developments on Wall Street, particularly the sharp rise in US bond yields and the possibility of more aggressive monetary tightening by the Federal Reserve. The trajectory of crude prices, foreign fund flows and geopolitical developments will remain crucial in determining whether domestic benchmarks can sustain their opening gains. 

Source

•  Exchanges