Mixed global cues; Sensex–Nifty likely to open flat on Thursday
Share Market Live 13 Nov: Gift Nifty Indicates a Soft Start
The Indian market may begin on a cautious note today as global cues remain mixed. Early trends from Gift Nifty show signs of mild weakness, hinting at a flat-to-negative opening for benchmark indices.
Gift Nifty was trading around 25,955, nearly 30 points discount to Nifty futures—an early signal that sentiment may stay muted in the opening trade.
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Global Market Mood
Asian Markets Hold Gains
Asian equities opened strong despite an uncertain Wall Street.
- Nikkei 225 up 0.42%
- TOPIX up 0.62% at record highs
- Hang Seng futures show a softer opening
- South Korean markets will open an hour late
Positive Asian cues could provide some stability to domestic markets.
Wall Street Ends Mixed; Dow Hits Record High
U.S. markets closed with a mixed tone:
- Dow Jones jumped 0.68%, hitting a fresh all-time high
- S&P 500 edged up 0.06%
- Nasdaq slipped 0.26%
SGE (Search Generative Experience) signals also indicate that Wall Street volatility may influence early trading in Asia.
India’s Retail Inflation Drops to Record Low
India’s CPI inflation eased to 0.25% in October, down sharply from 1.44% a month earlier.
For context, CPI stood at 6.21% in October 2024.
The latest inflation print aligns with economist estimates and may improve market sentiment around future rate decisions.
Government Clears Loan Guarantee Scheme for Exporters
The Union Cabinet has approved the CGSE loan guarantee scheme, enabling NCGTC to provide 100% loan coverage to lenders.
This will support eligible exporters—including MSMEs—with additional credit worth up to ₹20,000 crore.
Export-linked stocks may see positive traction after this announcement.
Commodity Watch
Gold
Gold prices surged 1.7% to $4,197.43/oz as expectations grew that the U.S. Fed may ease monetary policy.
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Crude Oil
Oil prices fell on surplus concerns:
- Brent down 0.46% at $62.42
- WTI down 0.58% at $58.18
Lower crude prices are generally favourable for India’s economy.
Market Outlook: What to Expect at Opening?
With Gift Nifty signaling a discount and global trends remaining uneven, the Indian market is expected to open flat to slightly lower.
However, the strong rally over the past three sessions could cushion downside pressure.
On Wednesday, the Sensex surged 595 points to 84,466, while the Nifty jumped 180 points to close at 25,875—momentum that may help stabilise early trade today.
