Markets reopen after the Diwali break with GIFT Nifty up 297 points; foreign investors have put in ₹53,739 crore this month
November's foreign buying is the biggest monthly total since September 2024. Lower oil prices are also helping.
- Sensex (9 Nov): 81,106.65
- Nifty (9 Nov): 25,044.65
- Nifty resistance: 25,150–25,200
Where things stand
NSE and BSE were shut on 10 November for Balipratipada. When they last traded, on 9 November, the Sensex closed at 81,106.65 and the Nifty at 25,044.65. That was their best close since late February. GIFT Nifty, which trades in Gujarat during the break, rose 297 points to 25,341 on Tuesday, pointing to a strong start on Wednesday.
Money flowing in
Foreign portfolio investors have bought ₹53,739 crore of Indian shares so far in November. That is the most in any month since September 2024. HSBC raised India to 'overweight' this week, and Brent crude fell below $90 for a while, both of which helped.
Levels to watch
Choice Broking's Sachin Gupta says the Nifty needs to hold above 25,150–25,200 to go higher. Analysts see support near 24,850–24,900.
