GIFT NIFTY futures hint positive opening on November 9; what investors should know before stock market opens

Equity market indices are expected to witness a positive opening on Monday, November 9, as indicated by the GIFT NIFTY futures, with investors focusing on steady crude oil prices and US Treasury yields, the momentum from Asian markets, and the overall FII buying this month.

At 7:44 am (IST), the GIFT NIFTY futures were trading 0.36% higher at 25,079.50 points ahead of the opening bell on November 9, indicating a potential that the benchmark index is set to witness a nearly 93-point higher opening when compared to its previous close.

The equity futures were indicating a positive performance for the trading session on Monday’s market, as investors focused on the buying momentum from the Asian markets. However, the sustainability of FII investments in the market is still in question after the traders snapped their six-day buying streak on Muhurat Trading.

NSE data showed that the NIFTY50 index slipped under the 25,000 mark to end 0.18% or 43 points lower at 24,986.40 points after the Muhurat trading session on Sunday, in comparison to 25,030.35 points at the previous stock market close.

The BSE SENSEX ended 0.04% or 28.62 points lower at 80,999.40 points on November 8, in comparison to 81,028.02 points at the previous stock market close, according to the exchange data.

Key things to know before market opens

FIIs sell ₹25 lakh in assets

NSE data for the provisional flows into Indian equities showed that the foreign institutional investors (FIIs) sold ₹25 lakh worth of capital market assets across the exchanges during the Muhurat Trading session, ending their six-day buying streak in the country.

While FIIs sold for the first time in six days, the selling streak of domestic investors was maintained for the seventh consecutive trading session on Sunday, November 8.

Domestic investors sold ₹700.31 crore worth of assets across the capital markets, according to the NSE provisional data released on Sunday evening. As of November 8, NSDL data showed that FIIs have purchased a total of ₹38,971 crore worth of assets month-to-date under the equity segment in the Indian market.

Oil trades at $97/barrel

After witnessing a highly volatile trading session last week, crude oil prices were trading near $97 per barrel (bbl) during the early hours on Monday, as commodity market investors focused on the hopes of no further attacks if the US-Iran negotiations progress towards a potential peace deal.

Investing.com data showed that the benchmark Brent crude oil prices (January contract) were trading 0.40% lower at $97.30 per bbl as of 7:25 am (IST), in comparison to $97.75 per bbl at the previous market close.

Energy prices are currently trading 7.1% lower on a 1-week basis and are down 7% over the past month. However, despite the recent pullback in crude oil prices, the rates remain more than 16% higher in the last three months.

Latest media reports suggest that US President Donald Trump has said that renewed attacks or escalations on Iran are “highly unlikely” if the negotiations between both countries produce a strong agreement.

Trump also reportedly said that the agreement must involve Iran’s nuclear program and the terms of reopening the key maritime trading route, the Strait of Hormuz.

Asian markets today

After a multi-day fall, the Asian market indices recovered to trade in positive territory on Monday, November 9, after Wall Street rose to end in the green last week due to value-buying sentiment in tech and AI stocks.

MarketWatch data showed that the Nikkei 225 was up 3.12%, Hang Seng was up 0.70%, China’s Shanghai Composite was up 0.61%, South Korea’s KOSPI was up 1.32% during the early hours on Monday.

Steady US Treasury yields

The benchmark US 10-year Treasury yields remained steady at 4.87% as of 8:59 pm (ET) on Sunday evening, after rising against the backdrop of a stronger-than-expected job market report for October 2026 in the United States.

The data release showed that the October non-farm payrolls showed 165,000 job additions in the period, while the unemployment rate contracted 10 basis points to 4.1% from earlier 4.2% levels in September 2026.

Wall Street recap

US equity market indices were trading with a mixed sentiment on Friday, November 6, as investors focused on the resilient job market data and the recovery in tech stocks, while concerns remained about the Democrats' crackdown on AI and tech spending in the upcoming period.

The Dow Jones Industrial Average ended 0.46% lower at 51,285.73 points after the trading session on November 6, in comparison to 51,523.06 points at the previous equity market close.

In contrast, the S&P 500 index closed 0.31% higher at 7,376.86 points after Friday’s trading session last week, in comparison to 7,353.73 points at the previous equity market close, as per the exchange data.

The tech-heavy Nasdaq 100 index rallied during the intraday session after a multi-day fall on Friday, to close 1.35% higher at 26,989.99 points, compared to 26,629.81 points at the previous US stock market close.