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Indian equities are set for a positive opening on Monday, with global sentiment improving as traders increase bets on a December interest rate cut by the U.S. Federal Reserve.
GIFT Nifty futures were trading around 26,180, indicating a strong start for the Nifty 50 after Friday’s weakness.
Wall Street ends mixed week with a rebound
U.S. markets rallied on Friday as expectations firmed that the Fed may ease policy at its December meeting.
Dow Jones: +493 pts (1.08%)
S&P 500: +0.98%
Nasdaq: +0.88%
Still, all three major indices finished the week lower amid renewed doubts about stretched valuations in leading technology and AI stocks.
Asian markets open higher
Asian equities advanced in early trade, supported by the improved risk tone from Wall Street.
Hang Seng, Taiwan Weighted, Kospi: Up 0.5–1%
MSCI Asia ex-Japan: +0.4%
Trading volumes were light as Japan’s Nikkei remained shut for a public holiday.
FII flows: Selling pressure likely to ease
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that foreign investor activity showed no clear trend in November.
Total FII selling (till Nov 22): ₹15,243 crore
Primary market FII buying in Nov: ₹11,454 crore
He expects selling pressure to ease as the AI trade cools globally and prospects for Indian equities improve. Strengthening corporate earnings into Q3 FY26, expectations of new market highs, and buzz around a potential India–US trade deal could support inflows.
Technical view: Nifty forms near-term top but trend still positive
Nagaraj Shetti, HDFC Securities, said Nifty saw profit-booking on Friday after testing the resistance zone near its all-time high of 26,300.
He highlighted:
A minor negative candle on daily charts
A bullish weekly candle with a long upper shadow
Near-term support at 26,000–25,900
A bounce is expected from these levels, with overhead resistance placed at 26,250–26,300.
Levels to watch today (Nov 24)
Analysts suggest the following key markers:
Support: 26,000 → 25,850–25,800
Resistance: 26,250 → 26,500
A sustained move above 26,250 could reignite upward momentum.
Global cues at a glance
Asian markets rebound as traders price in a December Fed cut
Fed funds futures price a 70% chance of a 25 bps rate cut
Dow futures gain 200 points
U.S. 10-year yield: down 4 bps to 4.06%
Dollar Index near 5.5-month high
Oil declines on renewed geopolitical developments
Gold softens after dovish Fed comments
Bitcoin stabilises after dropping to $80,000
Domestic market wrap: Friday
Indian markets snapped a two-day winning streak on Friday:
Sensex: −401 pts (85,231)
Nifty 50: −124 pts (26,068)
Broader indices saw sharper declines with Midcap and Smallcap down 1.3% each.
Sectorally, FMCG was the lone gainer while PSU Bank, Metals, Realty and Capital Goods witnessed selling.
Major Nifty laggards included Maruti Suzuki, M&M, IndiGo, Tata Motors PV, Max Healthcare.
Top gainers were JSW Steel, Hindalco, Tata Steel, Bajaj Finance, HCL Tech.
This week on Dalal Street: Key triggers
Traders will track:
FII flows
India–US trade deal updates
Q2 GDP numbers
Ukraine peace deal signals
Global yield movement
Fed commentary ahead of December policy.
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