Ahead of Market: 10 things that will decide stock market action on Friday
Indian benchmark indices closed higher on November 12, with Nifty gaining 44 points and Sensex rising 32 points. Investors tracked October inflation data, foreign fund flows and global cues amid mixed US and European market performance.
By Kumar Gaurav, ETMarkets.com |
ETMarkets.com
Indian markets extended gains as investors booked profits, monitored inflation expectations and assessed global trends, with banking and financial stocks attracting significant trading activity.
Indian equity markets extended their northward march on Thursday, November 12, although the benchmark indices retreated from their intraday highs as investors booked profits at elevated levels.
The Nifty 50 advanced 44 points, or 0.18%, to settle at 25,299, while the BSE Sensex gained 32 points, or 0.04%, to close at 81,911.
Here's how analysts read the market pulse
Analysts said market sentiment will hinge on October CPI data, foreign fund flows and the broader sustainability of the rally, with inflation trends likely to influence the RBI's policy outlook and near-term market direction.
According to Vinod Nair, Head of Research at Geojit Investments, market participants would now turn their attention to India's October CPI data, with the trajectory of food prices remaining critical following elevated inflation in September.
"Near term, the market should remain selectively constructive, with direction hinging on sustained foreign liquidity, inflation trends and whether financial-led gains broaden without stretching valuations," Nair said.
Looking ahead, the market's next directional cue will likely come from the October CPI data, scheduled for release after market hours on Thursday, said Ponmudi R, CEO of Enrich Money.
"A hotter-than-expected print could prompt a reassessment of the RBI's policy trajectory and introduce fresh volatility into tomorrow's session, particularly for rate-sensitive sectors such as banking and auto. Conversely, an in-line or softer reading would likely reinforce the current constructive narrative, giving the rally further room to extend," Ponmudi said.
US stocks
The S&P 500 and the Nasdaq Composite indexes fell on Thursday as Nvidia CEO Jensen Huang's exitunnerved the AI trade and higher oil prices prompted investors to retreat to the sidelines.
The AI heavyweight's shares dropped 7.6% as investors fretted over the industry impact of Huang's resignation from the company central to the AI boom, following reports of his involvement in a second extramarital affair.
AI stocks were also reeling after neocloud company Nebius said its 2026 revenue would come in at the low end of its previous forecast, pulling its shares down 17%. Peer CoreWeave dropped about 7%.
The Philadelphia SE Semiconductor index declined 1.3%, as chipmakers Intel, Marvell Technology and Micron fell between 2.8% and 4.2%.
European markets
Britain's FTSE 100 rose 0.78% to 10,835.47. France's CAC 40 gained 0.66% to 8,332.87, while Germany's DAX advanced 1.2% to 26,662.77. The pan-European Stoxx 600 climbed 0.72% to 663.05.
Most active stocks in terms of turnover
Kalyan Jewellers India (Traded value: Rs 3,610 crore), HDFC Bank (Traded value: Rs 3,103 crore), SBI (Traded value: Rs 2,912 crore), ICICI Bank (Traded value: Rs 2,583 crore), Cupid Ltd (Traded value: Rs 1,927 crore), RIL (Traded value: Rs 1,845 crore) and Paytm (Traded value: Rs 1,672 crore) were among the most actively traded stocks in value terms on NSE.
ALSO READ: Sell fast, buy faster! FIIs broke every selling record in 2026. Now their buying is breaking records
Most active stocks in volume terms
Vodafone Idea (Traded shares: 35.35 crore), Ola Electric Mobility (Traded shares: 15.54 crore), YES Bank (Traded shares: 14.81 crore), Zee Entertainment (Traded shares: 7.25 crore), PNB (Traded shares: 6.21 crore), Kalyan Jewellers India (Traded shares: 5.13 crore) and Cupid Ltd (Traded shares: 5.06 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Gabriel India, Godrej Industries, Century Textiles, Cupid Ltd, Avanti Feeds, Canara HSBC Life, and Policybazaar were among the stocks that witnessed strong buying interest from market participants.
52-week high
Among the ones which hit their 52-week highs on NSE included Gabriel India, Cupid, Paytm, Kalyan Jewellers, Phoenix Mills, Motilal Oswal Financial Services, and PVR INOX.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Page Industries, Caplin Point, ONGC, Bharat Dynamics, Welspun India, HEG, and Alkem Labs.
52-week low
Among the ones which hit their 52-week lows on NSE included BASF India, IGL Spirits, Axtel Industries, and Medi Assist Healthcare Services.
Sentiment meter favours bulls
Out of the 3,721 stocks that traded on the NSE on November 12, Thursday, 2,080 stocks witnessed advances, 1,536 stocks saw declines while 105 stocks remained unchanged.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
The Nifty 50 advanced 44 points, or 0.18%, to settle at 25,299, while the BSE Sensex gained 32 points, or 0.04%, to close at 81,911.
Here's how analysts read the market pulse
Analysts said market sentiment will hinge on October CPI data, foreign fund flows and the broader sustainability of the rally, with inflation trends likely to influence the RBI's policy outlook and near-term market direction.
According to Vinod Nair, Head of Research at Geojit Investments, market participants would now turn their attention to India's October CPI data, with the trajectory of food prices remaining critical following elevated inflation in September.
"Near term, the market should remain selectively constructive, with direction hinging on sustained foreign liquidity, inflation trends and whether financial-led gains broaden without stretching valuations," Nair said.
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Looking ahead, the market's next directional cue will likely come from the October CPI data, scheduled for release after market hours on Thursday, said Ponmudi R, CEO of Enrich Money.
"A hotter-than-expected print could prompt a reassessment of the RBI's policy trajectory and introduce fresh volatility into tomorrow's session, particularly for rate-sensitive sectors such as banking and auto. Conversely, an in-line or softer reading would likely reinforce the current constructive narrative, giving the rally further room to extend," Ponmudi said.
US stocks
The S&P 500 and the Nasdaq Composite indexes fell on Thursday as Nvidia CEO Jensen Huang's exitunnerved the AI trade and higher oil prices prompted investors to retreat to the sidelines.
ADVERTISEMENT
The AI heavyweight's shares dropped 7.6% as investors fretted over the industry impact of Huang's resignation from the company central to the AI boom, following reports of his involvement in a second extramarital affair.
AI stocks were also reeling after neocloud company Nebius said its 2026 revenue would come in at the low end of its previous forecast, pulling its shares down 17%. Peer CoreWeave dropped about 7%.
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The Philadelphia SE Semiconductor index declined 1.3%, as chipmakers Intel, Marvell Technology and Micron fell between 2.8% and 4.2%.
European markets
Britain's FTSE 100 rose 0.78% to 10,835.47. France's CAC 40 gained 0.66% to 8,332.87, while Germany's DAX advanced 1.2% to 26,662.77. The pan-European Stoxx 600 climbed 0.72% to 663.05.
Most active stocks in terms of turnover
Kalyan Jewellers India (Traded value: Rs 3,610 crore), HDFC Bank (Traded value: Rs 3,103 crore), SBI (Traded value: Rs 2,912 crore), ICICI Bank (Traded value: Rs 2,583 crore), Cupid Ltd (Traded value: Rs 1,927 crore), RIL (Traded value: Rs 1,845 crore) and Paytm (Traded value: Rs 1,672 crore) were among the most actively traded stocks in value terms on NSE.
ALSO READ: Sell fast, buy faster! FIIs broke every selling record in 2026. Now their buying is breaking records
Most active stocks in volume terms
Vodafone Idea (Traded shares: 35.35 crore), Ola Electric Mobility (Traded shares: 15.54 crore), YES Bank (Traded shares: 14.81 crore), Zee Entertainment (Traded shares: 7.25 crore), PNB (Traded shares: 6.21 crore), Kalyan Jewellers India (Traded shares: 5.13 crore) and Cupid Ltd (Traded shares: 5.06 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Gabriel India, Godrej Industries, Century Textiles, Cupid Ltd, Avanti Feeds, Canara HSBC Life, and Policybazaar were among the stocks that witnessed strong buying interest from market participants.
52-week high
Among the ones which hit their 52-week highs on NSE included Gabriel India, Cupid, Paytm, Kalyan Jewellers, Phoenix Mills, Motilal Oswal Financial Services, and PVR INOX.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Page Industries, Caplin Point, ONGC, Bharat Dynamics, Welspun India, HEG, and Alkem Labs.
52-week low
Among the ones which hit their 52-week lows on NSE included BASF India, IGL Spirits, Axtel Industries, and Medi Assist Healthcare Services.
Sentiment meter favours bulls
Out of the 3,721 stocks that traded on the NSE on November 12, Thursday, 2,080 stocks witnessed advances, 1,536 stocks saw declines while 105 stocks remained unchanged.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
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