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GIFT Nifty was trading around 25,328 at 7:56 am, indicating a largely flat start for the domestic market.
Gift Nifty Today.
GIFT Nifty Today: Sensex and Nifty are likely to open on a cautious note on Wednesday, November 11, as investors assess hotter-than-expected US inflation data and its implications for global interest rates.
GIFT Nifty was trading around 25,328 at 7:56 am, indicating a largely flat start for the domestic market. The index was marginally down from its previous close, suggesting that the recent rally in Indian equities may face some consolidation at the opening.
Asian markets presented a mixed picture in early trade. Japan’s Nikkei 225 advanced 0.70%, while South Korea’s KOSPI gained 0.68%. Singapore’s Straits Times rose 0.29%, and Taiwan Weighted climbed 0.85%. However, Hong Kong’s Hang Seng declined 0.70%, Indonesia’s Jakarta Composite fell 0.60%, and Shanghai Composite was down 0.29%.
Overnight, US markets faced pressure after inflation data showed that consumer prices rose more than economists had expected in October. The US Consumer Price Index (CPI) increased 0.4% month-on-month, against economists’ expectations of a 0.3% rise. Core inflation, which excludes food and energy prices, also increased 0.3%, matching the pace recorded in September and August.
The higher-than-expected inflation reading has raised concerns about persistent price pressures in the US, particularly as housing costs continue to contribute significantly to the increase. Economists estimated annual inflation at around 4%, up from 3.7% in September, although an official year-on-year figure was unavailable because of last year’s government shutdown.
Meanwhile, Asian equities found some support from better-than-expected earnings from AI infrastructure company CoreWeave, which helped ease concerns about the outlook for artificial intelligence-related investments.
Ponmudi R, CEO of Enrich Money, a Sebi-registered online trading and wealth-tech firm, said, “Indian equities appear well positioned to extend their recent advance, with a sustained moderation in crude oil prices and a revival in foreign portfolio inflows providing a more supportive backdrop for domestic markets.”
He said WTI crude was trading around $86 per barrel, while Brent crude had eased to the $91-92 range, offering some relief from concerns over imported inflation, energy costs and India’s external balances.
Ponmudi also highlighted the turnaround in foreign institutional flows, with overseas investors shifting from sustained selling in October to consecutive sessions of aggressive net buying. The renewed participation of foreign investors has supported the domestic market recovery and improved investor sentiment.
However, global developments, particularly the latest US inflation numbers and their potential implications for monetary policy, remain important factors to watch.
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November 11, 2026, 08:05 IST
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