GIFT Nifty signals positive start as global markets recover from tech sell-off
GIFT Nifty:
GIFT Nifty November 2026 futures rose 65 points, pointing to a positive opening for the Nifty 50.
Institutional Flows:
Foreign portfolio investors (FPIs) sold shares worth Rs 00.25 crore, while domestic institutional investors (DIIs) were net sellers of Rs 700.31 crore in the Indian equity market 8 November 2026, according to provisional data.
FPIs bought shares worth Rs 38,518.57 crore in November through 8 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.
Global Markets:
Dow futures rose 337 points, signalling a strong opening for US stocks.
Most Asian indices traded higher on Monday, 9 November 2026, as investors assessed the latest US market rebound, fresh economic data and the outlook for interest rates. Trading remained cautious following last week's sharp volatility in technology and semiconductor stocks. Investors also monitored developments in US-China trade relations and movements in crude oil prices.
China's inflation data released on Monday showed producer prices rising 5.7% year-on-year in October, accelerating from 5% in September. Consumer inflation slowed to 0.7% from 0.9%, while core inflation eased to 0.8% from 1%.
The data pointed to persistent cost pressures at the producer level, while subdued consumer demand continued to limit broader price increases.
US stocks ended mixed on Friday, 06 November 2026, as technology shares recovered from the previous session's sharp sell-off. The S&P 500 rose 0.31% to 7,376.86, while the Nasdaq Composite advanced 1.09% to 24,579.42. The Dow Jones Industrial Average declined 0.46% to 51,285.73.
Semiconductor and AI-related stocks led Friday's recovery. Advanced Micro Devices (AMD) surged around 11%, while Nvidia gained 2.8% and Micron Technology advanced 5.1%. Intel also climbed 7.7% as investors bought beaten-down technology stocks. IREN jumped 20% following stronger-than-expected revenue and growth in its AI cloud business.
Airbnb gained 11.7% after reporting stronger third-quarter demand and raising its full-year revenue growth outlook to the high teens. The company also lifted its adjusted EBITDA margin forecast to around 36%.
The US labour market delivered a stronger-than-expected performance in October. Non-farm payrolls increased by 165,000, against expectations of around 65,000. September's job additions were revised upwards to 60,000 from 29,000. The unemployment rate declined to 4.1% from 4.2%.
Average hourly earnings rose 0.4% month-on-month and 3.1% year-on-year. The stronger employment data reinforced expectations that the Federal Reserve could raise interest rates in December. Market-implied odds of a 25-basis-point increase rose to around 79%, compared with 71% a week earlier.
The next major US data release is the October consumer price index (CPI), scheduled for Tuesday, 10 November 2026. The reading will be important in assessing whether inflationary pressures could prompt further monetary tightening.
Brent crude futures fell 0.85% to $97.48 a barrel in early Monday trading. The decline followed comments from US President Donald Trump that fresh attacks on Iran were unlikely if negotiations to end the conflict continued.
Brent had fallen 17% last week, marking its steepest weekly decline since the start of the Covid-19 pandemic. However, reports of attacks on vessels near the Strait of Hormuz kept geopolitical risks in focus. Iraq also reached an understanding with the US to allow oil exports through the strait using a shipping lane near Oman.
Domestic Market:
The equity benchmarks surrendered their early gains and ended marginally lower during the special Muhurat trading session on Sunday, snapping a seven-session winning streak. The Nifty briefly climbed to an intraday high of 25,131.85 before retreating below the 25,000 mark. Mild profit booking weighed on sentiment. Pharma and healthcare stocks attracted buying interest, while realty and banking shares declined.
The S&P BSE Sensex shed 28.62 points or 0.04% to 80,999.40. The Nifty 50 declined 43.95 points or 0.18% to 24,986.40.
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