GIFT Nifty signals positive start; global cues, FII flows in focus
GIFT Nifty:
GIFT Nifty November 2026 futures rose 20 points, pointing to a positive opening for the Nifty 50.
Institutional Flows:
Foreign portfolio investors (FPIs) bought shares worth Rs 7,212.22 crore, while domestic institutional investors (DIIs) were net sellers of Rs 7,172.53 crore in the Indian equity market 9 November 2026, according to provisional data.
FPIs bought shares worth Rs 53,247.94 crore in November through 9 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 129 points, signalling a strong opening for US stocks.
Most Asian indices traded higher on Wednesday as investors assessed the impact of stronger-than-expected US inflation and rising bond yields. However, sentiment remained cautious following the previous session's sell-off in US technology stocks.
US stocks ended lower on Tuesday after hotter-than-expected inflation data strengthened expectations of another Federal Reserve rate increase in December. The Dow Jones Industrial Average declined 157.86 points or 0.30% to 52,231.89. The S&P 500 dropped 29.01 points or 0.38% to 7,520.93, while the Nasdaq Composite fell 187.26 points or 0.74% to 25,065.87.
Technology stocks led the declines, while semiconductor shares remained under pressure amid renewed volatility in the artificial intelligence trade.
Nvidia fell 5.4% amid reports of an internal investigation into suspected chip shipments to China involving its chief executive, Jensen Huang. The stock has declined 9.6% over the past two sessions.
SoftBank Group dropped 3.3% in Japan after reporting a net loss of $7 billion for the second quarter. The loss was partly attributed to substantial investments in US data centre infrastructure.
CoreWeave was in focus in after-hours trading after reporting its third-quarter results. Revenue surged 168% year-on-year to $3.66 billion, while adjusted EBITDA increased to $2.26 billion from $838 million. The company raised its FY26 revenue guidance to $13 billion-$13.3 billion. It also increased its adjusted operating income guidance to $1.275 billion-$1.375 billion.
Another significant AI-related development involved Anthropic. The artificial intelligence company is pursuing a potential public listing that could raise as much as $64.4 billion and value the company at up to $1.4 trillion.
US consumer inflation rose 0.4% month-on-month in October, following a 0.6% increase in September. Core CPI, which excludes food and energy, increased 0.3%. Higher shelter costs accounted for more than 30% of the monthly increase in headline inflation.
The US Bureau of Labor Statistics could not publish the usual annual inflation rates for October because it had not collected October 2025 survey data during the previous year's government funding lapse.
US Treasury yields climbed following the inflation report. The two-year Treasury yield surged nearly 18.9 basis points to 4.736% during Tuesday's session, while the 10-year yield rose around 12 basis points to approximately 4.98%.
Crude oil prices recovered on Wednesday after falling to two-month lows in the previous session. Brent crude futures advanced 0.7% to $92.16 a barrel.
Domestic Market:
The NSE and BSE remained closed on Tuesday for the Diwali-Balipratipada holiday. In the previous session, the Sensex rose 107.25 points or 0.13% to 81,106.65, while the Nifty gained 58.25 points or 0.23% to 25,044.65. Softer crude oil prices, foreign fund inflows and improving global sentiment supported the market. PSU banks and healthcare stocks led gains, while IT shares declined.
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