Benchmark indices Nifty 50 and Sensex are expected to open higher on November 24, beginning the week on a positive note despite mixed global cues. As of 7:10 a.m., the GIFT Nifty stood at 26,163, up 85 points or 0.33 percent.
In the previous session, Wall Street bounced back strongly after New York Fed President John Williams signaled the possibility of another rate cut in December. The Dow Jones rose 1.08 percent, the Nasdaq gained 0.88 percent, and the S&P 500 advanced 0.98 percent.
Asian markets started the week on a mildly positive to neutral tone. With Japan’s Nikkei 225 closed for a holiday and South Korea’s Kospi inching up, the region seems poised for consolidation rather than a strong trend.
This week, investors will closely follow key U.S. economic releases—PPI, retail sales, and industrial production on Tuesday, followed by the Q3 GDP estimate on Wednesday. Softer readings could reinforce expectations of further Fed easing.
For today, 26,200 remains the crucial Nifty resistance, while 25,820 near the 20-day EMA acts as key intraday support.
