The BSE Sensex and NSE Nifty 50 are expected to start lower after recording sharp advances in Wednesday's session underpinned by sustained foreign inflows. Technical indicators suggest both indices faced profit booking at elevated levels, leading analysts to flag key support for the Sensex between 81,300 and 81,500. Meanwhile, global sentiment remains split as early Asian trading wavered, weighed down partly by after-hours declines in Nvidia shares that pulled down US tech futures.
Key points
Technical analysts warn that domestic benchmarks are displaying overbought conditions aft…: Technical analysts warn that domestic benchmarks are displaying overbought conditions after touching nearly nine-month highs.
The Nifty 50 could experience a mild retracement toward the 24,800 to 25,000 range despit…: The Nifty 50 could experience a mild retracement toward the 24,800 to 25,000 range despite its broader upward trend.
Slipping Nasdaq futures following extended-trading losses in Nvidia have tempered early s…: Slipping Nasdaq futures following extended-trading losses in Nvidia have tempered early sentiment across Asian markets.
Sources checked by our analysis pipeline: 1
Stock market prediction for Thursday, 12 November, 2026: The Indian stock market is likely to open on a negative note as the GIFT Nifty signalled a muted start for both Sensex, Nifty 50 on Thursday, 12 November.
Meanwhile, Asian markets mostly opened mixed in early trading session on Thursday; however, US stock continued rebound on Wednesday.
Indian equity benchmarks extended their gains for a second consecutive session on Wednesday, with the Sensex surging 773 points to a nearly nine-month high and the Nifty settling above the 25,250 mark. The rally was supported by foreign investor inflows, stronger-than-expected September-quarter earnings and a continued decline in crude oil prices.
The 30-share BSE Sensex advanced 772.75 points, or 0.95%, to close at 81,879.40, its highest level since February 26. During the session, the index surged as much as 1,413.75 points, or 1.74%, to touch an intraday high of 82,520.40. Similarly, the NSE Nifty 50 gained 210.40 points, or 0.84%, to settle at 25,255.05, marking its highest closing level in nearly nine months.
“ Markets edged higher on Wednesday, extending the prevailing positive trend…
Indian equity benchmarks surged on broad-based foreign inflows, softer crude oil prices, and strength across the banking sector. Capitalizing on this positive technical momentum, analyst selections point toward specific opportunities showing reversal setups across industrial, chemical, and retail segments. Investors are balancing broader market optimism with defined risk parameters following selective sector advances.
Tech-heavy index contracts came under intense pressure during evening trade amid abrupt turmoil surrounding the semiconductor heavyweight's leadership. The massive sell-off followed revelations that company directors might move to remove the chief executive, immediately threatening broader market sentiment. Investors rushed to adjust their positions as the sudden uncertainty pointed toward potential volatility for tech equities heading into the regular trading session.
Japanese authorities are signaling potential market intervention as mounting U.S. inflation data and hawkish Federal Reserve commentary drive the dollar to multi-month highs. Vice Finance Minister Atsushi Mimura cautioned that recent currency shifts are excessively rapid, reminding market participants of joint actions taken earlier this year to stabilize the exchange rate.