12 Nov , 2025 By : Debdeep Gupta
Nifty 50 saw a gap-up open in trade, while Sensex extended its winning streak to the third session in a row on Wednesday, November 12, with sentiment buoyed by positive global cues. Sentiments have also turned for the better with news of an India-U.S. trade deal getting finalised soon and the exit polls indicating a decisive victory for the NDA in Bihar.
At 09:15 a.m., the Sensex was up 415.06 points or 0.49 percent at 84,286.38, and the Nifty was up 121.90 points or 0.47 percent at 25,816.85.
Sectoral indices traded mostly higher at open on Wednesday’s session, with buying seen across financials, IT, and oil & gas stocks. Nifty Financial Services gained 0.7 percent, Nifty IT rose 0.82 percent, and Nifty Oil & Gas climbed 0.63 percent. Among others, PSU Bank, Private Bank, Realty, and Consumer Durables indices advanced up to 0.5 percent. Meanwhile, Auto, FMCG, Metal, and Pharma indices were largely flat.
Overnight, the Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.
The domestic updates will strengthen the bulls but is not good enough for the markets to stage a decisive breakout and sustained rally, noted analysts. Investors are now awaiting the upcoming domestic inflation data, with expectations of continued moderation due to a steady decline in food prices—raising prospects of further policy easing by the RBI.
"Looking ahead, earnings are expected to witness a robust rebound in the third quarter, underpinned by multiple domestic tailwinds, though much will depend on the successful finalization of a trade deal with the U.S," said Vinod Nair, Head of Research, Geojit Investments.
In the previous session, the Nifty 5o managed to surpass the crucial 25,500 resistance level, supported by persistent follow-through buying, which reinforces optimism for a continued upward trajectory.
"As long as the index holds above the 25,300–25,350 support zone, short-term traders are likely to remain active, viewing intraday dips as buying opportunities," said Dhupesh Dhameja, Derivatives analyst, Samco Securities. "On the upside, immediate resistance is seen near the 25,800 level. A decisive breakout above this mark could trigger fresh buying momentum and extend the ongoing rally."
While call writers maintain dominance at higher strike prices, the aggressive addition of put positions at lower levels indicates a balanced tug-of-war between bulls and bears, keeping the near-term outlook neutral to range-bound, he added.
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