GIFT NIFTY futures indicate gap-up open on November 11; what investors need to track before market opens

Equity futures indicate a gap-up opening for the benchmark indices on Wednesday, November 11, as investors focused on lower crude oil prices in the global market, amid FII buying support and positive sentiment from the Asian markets.

At 7:42 am (IST), the GIFT NIFTY futures were trading 0.07% higher at 25,331 points ahead of the opening bell on Wednesday’s market, indicating a potential for the benchmark index to witness a 287-point positive move on Nov 11, when compared to the previous market close.

NSE data showed that the benchmark NIFTY50 index closed 0.23% higher at 25,044.65 points after the trading session on Monday, in comparison to 24,986.40 points at the previous equity market close.

The BSE SENSEX ended 0.13% higher at 81,106.65 points after the trading session on November 9, compared to 80,999.40 points at the previous stock market close, as per the exchange data.

Indian equity markets remained closed for all trading operations on Tuesday, November 10, on account of the scheduled market holiday for Diwali-Balipratipada. The stock market will re-open today, after a one-day holiday for a regular trading session.

Equity market investors are expected to keep track of the crude oil prices in the global market on Wednesday, along with the positive momentum cues emerging from the Asian markets, as FIIs continued their support after one day of marginal selling, which broke their six-day streak on Sunday last week.

Key things to track before market opens

FII support

Foreign institutional investors (FIIs) purchased a total of ₹7,212.22 crore worth of capital market assets from across the exchanges during the trading session on Monday, November 9, indicating high interest in lower-risk Indian equities at a time when global markets remain under pressure.

In contrast, domestic investors sold ₹7,172.53 crore worth of assets in a single day, booking profits amid the FII buying support.

So far in November 2026, FIIs have turned net buyers in Indian equities, infusing ₹53,739 crore in the first 9 days of the month due to the AI-led selloff in major markets like Wall Street, South Korea, and Japan, as attractive valuations and strong earnings growth attract them to Indian equities.

This comes after two consecutive months of selling pressure in September and October.

Crude oil drops to near $90/barrel

Global crude oil benchmark Brent crude futures (January contract) declined 1.44% to hit an early market low of $90.75 per barrel (bbl) during the early hours on Wednesday, India time, in comparison to $92.08 per bbl at the previous market close, according to Investing.com data.

As of 7:34 am (IST), the Brent crude oil prices were trading 0.12% lower at $91.97 per bbl, in comparison to the previous market close.

The recent pullback in crude oil prices has resulted in energy rates being down 12% on a one-month basis, but remain more than 3% higher in the last three months. On a longer-term basis, energy prices have risen 41% in the last one-year period.

Latest reports from CBS News suggest that US Secretary of State, Marco Rubio, at a G7 meeting on Tuesday said that there is “no need for major combat operations” in Iran as America’s economic pressure campaign was reportedly working well for the negotiations.

This comes after US President Donald Trump on Monday said that the US-Iran war is kept at “status quo,” warning American troops to remain focused in case of any escalations.

Asian markets today

The equity market indices in Asia were largely trading on a positive note, with investors focused on the lower crude oil prices in the global market. However, despite the prolonged AI concerns in the market, traders were carrying out value buying at heavily beaten-down prices in tech and AI stocks.

Data showed that Japan’s Nikkei 225 was up 1.2%, China’s Shanghai Composite was up 0.03%, and KOSPI was trading 1.32% higher as of the morning market hours on Wednesday.

In contrast, the Hong Kong-based Hang Seng was down 0.72%, with stocks like Laopu Gold, Li Auto, Netease, and BYD among the top laggards during the early hours on November 11.

Treasury yields rebound to 5%

The benchmark 10-year Treasury note yields rebounded to hit 5% levels on Thursday’s market, US time, as investors weighed in the CPI inflation data for the US economy, which turned out to be hotter than expected due to increased costs of food and energy in the market.

As per the Bureau of Labor Statistics, the consumer price index (CPI) witnessed a 0.4% increase, compared to 0.3% estimates, indicating elevated prices in the American market, in turn increasing bets on an upcoming rate hike.

“The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in October after rising 0.6% in September, the U.S. Bureau of Labor Statistics reported today,” as per the official release.

How did Wall Street close on Tuesday?

The US equity market indices ended lower after the trading session on Tuesday, November 10, 2026, as Wall Street investors focused on the hotter-than-expected CPI inflation data for the American economy, which pushed Treasury yields up to 5%, in turn increasing bets of an upcoming US Fed rate hike at the December meeting.

The Dow Jones Industrial Average closed 0.30% lower at 52,231.89 points after the trading session on Tuesday, in comparison to 52,389.75 points at the previous equity market close, according to data collected from MarketWatch.

The S&P 500 index ended 0.38% lower at 7,520.93 points after the trading session on November 10, compared to 7,549.94 points at the previous US stock market close, as per the exchange data.

The tech-heavy Nasdaq 100 closed 0.60% lower at 27,740.80 points after Tuesday’s market session, compared to 27,907.63 points at the previous Wall Street close, as per the data.