Sensex & Nifty are set for a strong start, with GIFT Nifty trading higher at ~26,509, suggesting positive opening cues.
Last Session Recap:
- Sensex closed at 85,706.67 (-0.02%), Nifty at 26,202.95 (-0.05%), snapping a two-day winning streak.
- Both indices posted weekly gains of 0.5% and added 2% in November.
- Broader indices, including BSE Midcap and Smallcap, finished largely flat.
Global Cues:
- US Stocks: Rose Friday – Dow +0.61%, S&P 500 +0.54%, Nasdaq +0.65%.
- Asian Equities: Mixed, following modest US gains; focus on upcoming economic data.
- Dollar Index: Flat, slightly weaker as markets eye potential Fed rate cuts.
- Asian Currencies: Mixed performance; JPY, CNY up, others down.
- Crude Oil: +1% after OPEC+ holds production steady.
- Silver: Hits record highs; Gold fell 0.35% to $4,220.29/oz.
Fund Flows:
- FIIs: Sold equities worth ₹3,795 crore.
- DIIs: Continued buying, net purchase of ₹4,148 crore.
Investors are likely tracking Fed rate-cut expectations and OPEC+ production decisions as key drivers for today’s session.