Indian stock markets are likely to open on a cautious note on November 13, 2025, following a strong rally in the previous session. Mixed cues from global markets and a slightly lower Gift Nifty trading indicate a tepid start for the benchmark indices.
Global Market Cues
Firm closes across European markets, with the DAX, CAC 40, and STOXX 50 gaining over 1%, may provide some cushion to Indian equities. This strength in global markets reflects improved risk appetite, potentially aiding cyclical sectors such as banking, auto, and oil & gas. Most Asian markets also traded higher, supported by easing geopolitical tensions and optimism surrounding the U.S..
Indian Market Drivers
On Wednesday, November 12, the Indian stock market extended its rally for the third consecutive session. The Nifty 50 rose 0.70% to close at 25,875.80, while the Sensex surged 0.71% to end at 84,466.51. Positive sentiment was fueled by optimism surrounding a potential U.S.-India trade deal and positive state election cues.
Factors Influencing Market Sentiment
- U.S.-India Trade Deal: Progress towards tariff cuts and trade expansion between the U.S. and India is boosting investor confidence.
- RBI Intervention: The Reserve Bank of India's (RBI) proactive interventions to stabilize the rupee and bond markets are reinforcing overall market confidence.
- FII and DII Activity: Persistent foreign institutional investor (FII) outflows could limit upside momentum, while steady domestic institutional investor (DII) inflows are expected to offer near-term support. The tug-of-war between foreign and domestic investors may keep intraday movements sharp.
- Volatility: The India VIX slipped to 290.00, indicating a mild easing in market volatility.
- October CPI Inflation Data: The release of October CPI inflation data will be closely watched, as it is expected to influence the Reserve Bank of India's future monetary policy stance.
Nifty 50 and Sensex Predictions
Gift Nifty was trading around 25,953, a discount of nearly 33 points from the Nifty futures' previous close.
- Range-bound Opening: Domestic markets may open on a cautious note after Wednesday's strong rally. Investors could adopt a wait-and-watch approach, keeping indices confined to a narrow trading range unless new catalysts emerge.
- Sensex: Sensex is showing a continuation of the uptrend on intraday charts, which supports further upward movement from the current levels. Key support zones are 84,300 and 84,000. On the higher side, the index could move up to 84,800, and further to 85,000.
- Nifty 50: Nifty has immediate support at 25,800, with 25,700 to 25,750 being a strong supply zone. Immediate resistance is at 26,000.
- Nifty OI Data: Nifty open interest (OI) data indicated the highest call writing at the 25,900 and 26,000 strike prices, while maximum put OI was concentrated at 25,800.
Sectoral Outlook
Most sectors advanced on Wednesday, led by IT, Auto, and Oil & Gas. Positive sentiment is expected to continue in IT, auto, media, and consumer durable stocks.
Stocks to Watch
Tata Steel, IRCTC, SBI, and Vedanta are among the key stocks to watch on November 13.
Overall Market Sentiment
The short-term trend for Nifty remains positive, with bulls eyeing 26,000. However, persistent FII outflows could limit upside momentum.
