Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their winning streak to nine consecutive regular sessions on November 11, with Sensex rising 773 points and Nifty gaining 210 points. Strong broader market participation, renewed buying interest and positive investor sentim...
By Kumar Gaurav, ETMarkets.com |
ETMarkets.com
Sensex and Nifty closed higher for the ninth straight session as smallcaps outperformed, buying interest strengthened and market breadth remained firmly positive.
Indian benchmark equity indices closed higher on Wednesday, November 11, extending their winning streak to a ninth consecutive regular trading session, excluding the Muhurat trading session, which ended marginally lower. Despite giving up some of their opening gap-up gains amid selling pressure at higher levels, the indices maintained their upward momentum through the session.
The Nifty 50 gained 210.40 points, or 0.84%, to settle at 25,255.05, while the BSE Sensex advanced 772.75 points, or 0.95%, to close at 81,879.40.
Here's how analysts read the market pulse
Indian equities are likely to sustain their positive momentum, supported by improving earnings, softer crude prices and renewed foreign investor inflows, said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services. However, the sharp rally could invite intermittent profit booking.
Vinod Nair, Head of Research at Geojit Investments, said the broader market's outperformance, led by small caps and a shift towards autos and banks, signals a revival in risk appetite. The sustainability of this trend will depend on upcoming India October inflation and US PPI data.
US stocks
The S&P 500 and the tech-heavy Nasdaq climbed on Wednesday after neocloud firm CoreWeave's strong earnings calmed investor jitters about bloated AI expenditure.
CoreWeave's shares jumped 12.7%after the battered company said it would become profitable in the first half of 2028, on an adjusted basis, as it sought to reassure investors that strong demand and customer commitments could support its debt-fueled expansion.
"CoreWeave was emblematic of the shift from viewing all AI investments as good investments to taking a more sober look at the returns on the billions of dollars being spent on AI. The earnings report helped ease some of those concerns," said Steve Sosnick, chief market analyst at Interactive Brokers.
The results boosted sentiment across AI infrastructure stocks, with Nebius Group and Applied Digital rising 12.5% and 5.2%, respectively.
European markets
The pan-European STOXX Europe 600 index rose 0.39% today to close at 660.86, trading just a whisker away from its all-time record high.
Major European markets broadly advanced, driven by a strong corporate earnings season and a rally in technology and energy shares. Germany's DAX was up 0.95%, UK's FTSE 100 was up 0.82%, and France's CAC was up 0.76%.
Most active stocks in terms of turnover
ICICI Bank (Rs 4,639 crore), HDFC Bank (Rs 4,574 crore), Kalyan Jewellers Ind (Rs 4,325 crore), SBI (Rs 2,649 crore), RIL (Rs 2,348 crore), IIFL Finance (Rs 1,940 crore), and M&M (Rs 1,906 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Also read | Promoters’ stake hits 3-year high while FIIs sink to 14-year low: What it means for Indian stocks
Most active stocks in volume terms
Vodafone Idea (Traded shares: 35.76 crore), YES Bank (Traded shares: 20.36 crore), PNB (Traded shares: 8.23 crore), IRFC (Traded shares: 7.91 crore), Canara Bank (Traded shares: 7.69 crore), Kalyan Jewellers Ind (Traded shares: 6.45 crore) and Suzlon Energy (Traded shares: 6.11 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Fertilisers And Chemicals Travancore, Kalyan Jewellers Ind, Netweb Technologies, Sun TV, Ramkrishna Forg, TD Power Sys, and AGC Networks 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 Kalyan Jewellers Ind, BEML, Navin Fluorine, PNB, Sai Life Science, Engineers India, and Asahi Ind Glass.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Cochin Shipyard, Prime Focus, Gallantt Metal, Vijaya Diagnostic, Privi Speciality Chemicals, Adani Green, and NHPC.
52-week low
Among the ones which hit their 52-week lows on NSE included Teamlease Services, Astec LifeSciences, and Aqylon Nexus.
Sentiment meter favours bulls
Out of the 3,767 stocks that traded on the NSE on November 11, Wednesday, 2,493 stocks witnessed advances, 1,166 stocks saw declines while 108 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 gained 210.40 points, or 0.84%, to settle at 25,255.05, while the BSE Sensex advanced 772.75 points, or 0.95%, to close at 81,879.40.
Here's how analysts read the market pulse
Indian equities are likely to sustain their positive momentum, supported by improving earnings, softer crude prices and renewed foreign investor inflows, said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services. However, the sharp rally could invite intermittent profit booking.
Vinod Nair, Head of Research at Geojit Investments, said the broader market's outperformance, led by small caps and a shift towards autos and banks, signals a revival in risk appetite. The sustainability of this trend will depend on upcoming India October inflation and US PPI data.
US stocks
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The S&P 500 and the tech-heavy Nasdaq climbed on Wednesday after neocloud firm CoreWeave's strong earnings calmed investor jitters about bloated AI expenditure.
CoreWeave's shares jumped 12.7%after the battered company said it would become profitable in the first half of 2028, on an adjusted basis, as it sought to reassure investors that strong demand and customer commitments could support its debt-fueled expansion.
"CoreWeave was emblematic of the shift from viewing all AI investments as good investments to taking a more sober look at the returns on the billions of dollars being spent on AI. The earnings report helped ease some of those concerns," said Steve Sosnick, chief market analyst at Interactive Brokers.
The results boosted sentiment across AI infrastructure stocks, with Nebius Group and Applied Digital rising 12.5% and 5.2%, respectively.
ADVERTISEMENT
European markets
The pan-European STOXX Europe 600 index rose 0.39% today to close at 660.86, trading just a whisker away from its all-time record high.
ADVERTISEMENT
Major European markets broadly advanced, driven by a strong corporate earnings season and a rally in technology and energy shares. Germany's DAX was up 0.95%, UK's FTSE 100 was up 0.82%, and France's CAC was up 0.76%.
Most active stocks in terms of turnover
ICICI Bank (Rs 4,639 crore), HDFC Bank (Rs 4,574 crore), Kalyan Jewellers Ind (Rs 4,325 crore), SBI (Rs 2,649 crore), RIL (Rs 2,348 crore), IIFL Finance (Rs 1,940 crore), and M&M (Rs 1,906 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Also read | Promoters’ stake hits 3-year high while FIIs sink to 14-year low: What it means for Indian stocks
Most active stocks in volume terms
Vodafone Idea (Traded shares: 35.76 crore), YES Bank (Traded shares: 20.36 crore), PNB (Traded shares: 8.23 crore), IRFC (Traded shares: 7.91 crore), Canara Bank (Traded shares: 7.69 crore), Kalyan Jewellers Ind (Traded shares: 6.45 crore) and Suzlon Energy (Traded shares: 6.11 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Fertilisers And Chemicals Travancore, Kalyan Jewellers Ind, Netweb Technologies, Sun TV, Ramkrishna Forg, TD Power Sys, and AGC Networks 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 Kalyan Jewellers Ind, BEML, Navin Fluorine, PNB, Sai Life Science, Engineers India, and Asahi Ind Glass.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Cochin Shipyard, Prime Focus, Gallantt Metal, Vijaya Diagnostic, Privi Speciality Chemicals, Adani Green, and NHPC.
52-week low
Among the ones which hit their 52-week lows on NSE included Teamlease Services, Astec LifeSciences, and Aqylon Nexus.
Sentiment meter favours bulls
Out of the 3,767 stocks that traded on the NSE on November 11, Wednesday, 2,493 stocks witnessed advances, 1,166 stocks saw declines while 108 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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