India Stocks Poised for HUGE Gap-Up Opening! Global Cues Point to Red-Hot Market Today!

Indian benchmark equity indices, Sensex and Nifty, are anticipated to witness a strong gap-up opening on November 12. This positive outlook is driven by cues from GIFT Nifty, which was trading higher around 25,976. The Indian markets extended their winning run for a second consecutive session on November 11, with Nifty closing near 25,700. This upward movement was supported by developments regarding the US government shutdown bill and prospects of a trade deal between India and the United States.

On November 11, the Sensex closed up 335.97 points (0.40 percent) at 83,871.32, and the Nifty gained 120.6 points (0.47 percent) to settle at 25,694.95.

Globally, Asian equities saw a modest rise in early trading as the US Congress moved towards ending the federal shutdown. US equities presented a mixed picture; the Dow Jones Industrial Average surged to a record high, benefiting from the shutdown progress, although Nvidia and other AI stocks experienced declines due to valuation concerns. The S&P 500 climbed, while the Nasdaq saw a dip.

The Dollar Index eased as weaker-than-expected private-sector US jobs data raised concerns about the labor market's health. US bond yields for both 10-year and 2-year Treasuries fell by 3 basis points each.

Commodities showed strength, with Brent crude rising to USD 65.09 per barrel, influenced by US sanctions on Russian oil and optimism over the US shutdown, though oversupply capped gains. Gold prices surpassed $4,100 per ounce, and silver also traded with marginal gains.

In terms of fund flows, Foreign Institutional Investors (FIIs) continued their selling for the second day, offloading equities worth Rs 803 crore on November 11. In contrast, Domestic Institutional Investors (DIIs) maintained their buying trend, investing Rs 2,188 crore in equities on the same day.

Impact This news has a direct bearing on the Indian stock market by setting a positive tone for the opening. Global market performance, commodity prices, and institutional investment trends are key drivers that influence intraday trading and overall market direction in India.

Impact Rating: 7/10

Terms: * **Benchmark Indices**: Stock market indexes, like the Sensex and Nifty, that represent the performance of a specific market segment. * **GIFT Nifty**: An offshore futures contract of the Nifty 50 index traded in Singapore, often used as an early indicator for the Indian market's opening. * **Gap-up Start**: When an index or stock opens trading at a price significantly higher than its previous day's closing price. * **US Shutdown Bill**: Refers to legislation needed to fund the US federal government. A shutdown occurs if this funding lapses. * **Dow Jones Industrial Average**: A stock market index comprising 30 large, publicly traded US companies. * **S&P 500**: A stock market index representing the stock performance of 500 of the largest companies listed on stock exchanges in the United States. * **Nasdaq**: A global electronic stock market and a stock market index (Nasdaq Composite) for listed securities. * **Dollar Index**: An index measuring the U.S. dollar's value against a basket of major foreign currencies. * **US Bond Yields**: The return an investor receives on US government bonds. Falling yields generally indicate rising bond prices. * **Brent Crude**: A major global benchmark price for North Sea crude oil, used to price oil worldwide. * **Foreign Institutional Investors (FIIs)**: Overseas entities that invest in Indian securities. * **Domestic Institutional Investors (DIIs)**: Indian entities such as mutual funds and insurance companies that invest in Indian securities.