Sensex and Nifty 50 may open higher on Thursday as GIFT Nifty signals early gains. Investors track October CPI inflation, global market trends, crude oil prices and key corporate earnings.
The stock market looks set for a steady start. Sensex and Nifty 50 face mixed global cues. Investors await October CPI inflation data later in the day. Gift Nifty signals a mildly positive opening, trading near 25,241, a premium of nearly 27 points. Crude oil fell 1.2% to $91.5 per barrel which also shapes the stock market today.
Sensex ended 0.95%, or 772.75 points, higher at 81,879.40 on November 11. Nifty 50 closed at 25,255.05, gaining 210.40 points. PSU Bank and Auto stocks led the rally. Nifty Bank jumped over 1.7%, which shows strong buying in lenders.
Global cues also support the stock market today. Wall Street closed higher, with Nasdaq gaining 1.6% and S&P 500 rising 1.31%. Dow Jones added 0.49%. Japan’s Nikkei rose 0.3%, extending its winning streak to four sessions. AI and technology stocks led the recovery.
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Several earnings will move the stock market today. Tata Power reported a 48.6% jump in Q2 net profit to Rs 1,366 crore. Its EBITDA margin slipped to 18.7% from 21.2%. The board approved a Rs 11,871 crore capacity investment and named Sanjay Banga as CEO-designate. Triveni Turbine saw net profit fall 41.6% to Rs 53.3 crore. Mishra Dhatu reported revenue up 41% to Rs 296 crore. Hind Copper posted a 47.3% rise in net profit.
Bajaj Finance opened its QIP with a floor price of Rs 992.25 per share. Aegis Logistics set its QIP floor price at Rs 1,161.85. The US FDA classified Aurobindo Pharma’s Seymour unit as “OAI” after four observations. Traders tracking the stock market today should watch these names.
Inflation also shapes the stock market today. India’s October CPI reached 6.09%, breaching the RBI’s 6% limit for the first time since October 2024. Analysts say Nifty 50 faces resistance near 25,500. Investors should follow the stock market today closely for direction.
Also read: Stock Market Today: Sensex Surges 2,009 Points, Nifty Closes Above 24,500
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