SGX Nifty November 2026 futures declined by 64 points, indicating a bearish start for the Nifty 50. India’s retail inflation rose to 6.09% in October 2026, up from 5.54% in September, surpassing the Reserve Bank of India’s upper tolerance limit of 6% for the first time under the current Consumer Price Index series. Food inflation increased to 8.94% from 7.74%, propelled by rising costs of essential items including onions, garlic, and ginger.
Institutional Flows:
On 12 November 2026, foreign portfolio investors acquired shares valued at Rs 7,830.60 crore, whereas domestic institutional investors recorded net sales amounting to Rs 6,331.17 crore in the Indian equity market, as per provisional data. Foreign Portfolio Investors acquired shares valued at Rs 74,893.89 crore in November up to the 12th of the month in 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.
Global Markets:
Dow futures increased by 87 points, indicating a favourable start for US equities. Asian indices predominantly recorded gains on Friday, in contrast to the declines observed on Wall Street the previous nite. Investors remained engaged in evaluating the implications of the leadership transition at Nvidia following the resignation of co-founder and chief executive Jensen Huang. Technology shares continued to attract attention as market participants assessed the potential ramifications for the artificial intelligence sector. US stocks concluded the trading session on Thursday with a decline, as the leadership transition at Nvidia created unease among investors, while escalating oil prices further exacerbated inflation worries. The Dow Jones Industrial Average experienced a decline of 189.40 points, representing a decrease of 0.36%, closing at 52,297.09. The S&P 500 declined by 26.98 points, representing a decrease of 0.35%, settling at 7,592.40. Meanwhile, the Nasdaq Composite experienced a drop of 100.10 points, or 0.39%, closing at 25,366.09.
The benchmarks exhibited a recovery from more pronounced early losses; however, they ultimately concluded the session in negative territory. The S&P 500 experienced a decline of nearly 1% during the session before subsequently reducing its losses. Energy stocks experienced a 1.5% increase, positioning the sector as the leading performer among the primary S&P 500 industry categories. Nvidia shares declined by 4.34% to $166.19 following the immediate resignation of co-founder and chief executive Jensen Huang. The stock experienced a decline of up to 14.3% during the session before partially recovering its losses. The company has appointed chief financial officer Colette Kress as interim chief executive while the board conducts a search for a permanent successor. Harvey C. Jones has been appointed as the chairman of the board. The company did not provide a rationale for Huang’s resignation in its announcement. Advanced Micro Devices and Broadcom, Nvidia’s competitors, experienced gains of 5.86% and 5.54%, respectively.
Arista Networks experienced an increase of 5.06%. Conversely, stocks related to AI infrastructure encountered selling pressure. Nebius Group experienced a decline of 16.84% following a revision of its 2026 revenue forecast, now positioned at the lower end of its earlier guidance range of $3 billion to $3.4 billion. US initial jobless claims rose by 9,000 to 200,000 in the week ending 7 November 2026, contrasting with economists’ forecasts of 195,000. The prior week’s reading was adjusted to 191,000. Continuing claims decreased by 20,000, reaching 1.697 million for the week ending 31 October 2026. The figures indicated that layoffs remained relatively low despite higher borrowing costs and uncertainty surrounding the economic outlook. In October, existing home sales experienced a decline of 5.5%, reaching an annualised rate of 3.75 million units, falling short of the market expectation of 3.85 million. This represents the most diminished level observed since August 2010. Sales experienced a year-on-year decline of 8.8%, attributed to the adverse impact of elevated mortgage rates on housing demand.
Investors persisted in factoring in additional Federal Reserve tightening in light of the stronger-than-anticipated inflation data released earlier in the week. Market expectations suggested a high probability of a 25-basis-point rate increase in December, with some participants pricing in the possibility of a more substantial adjustment. The US Producer Price Index for October is set to be released later on Friday. Economists anticipate that headline producer inflation will increase by 0.4% on a month-on-month basis and 6.6% on a year-on-year basis, in contrast to the rises of 1.3% and 6.3%, respectively, observed in September. These represent projections rather than actual data points. Crude oil prices experienced a significant increase on Thursday following remarks from US President Donald Trump, who indicated that Washington no longer required a deal with Iran. This development diminished expectations for a prompt diplomatic resolution. Brent crude futures concluded the trading session with an increase of 3.3%, reaching a price of $95.82 per barrel. Attacks on Saudi energy infrastructure, coupled with disruptions to shipping through the Strait of Hormuz, have exacerbated supply concerns.
Domestic Market:
The key equity benchmarks concluded the trading session on Thursday with slight gains, thereby extending their winning streak to three consecutive days amidst a backdrop of volatile market conditions. The Nifty 50 commenced trading at 25,213.50 and subsequently ascended to a peak of 25,384.80. However, profit booking at elevated levels diminished a significant portion of its morning gains. The index fluctuated within a limited bandwidth of 25,220 to 25,280 during the latter half of the session, ultimately concluding at 25,299.35. Broader indices exhibited superior performance relative to the benchmarks. Among sectors, realty stocks exhibited the most significant gains, trailed by media and public sector banks, whereas the automotive, fast-moving consumer goods, pharmaceutical, and information technology shares experienced declines. The S&P BSE Sensex increased by 31.61 points, representing a 0.04% rise, reaching 81,911.01. Meanwhile, the Nifty 50 experienced an uptick of 44.30 points, or 0.18%, closing at 25,299.35. In three consecutive sessions, the Sensex and the Nifty experienced increases of 1.25% and 1.21%, respectively.
