Stock market prediction for Wednesday, 11 November, 2026: The Indian stock market is likely to open on a positive note as the GIFT Nifty signalled a strong start for both Sensex, Nifty 50 on Wednesday, 11 November.
Meanwhile, Asian markets mostly opened mixed on Wednesday; however, US stock also witnessed profit booking on Tuesday.
Indian benchmark indices finished Monday's trading session with modest gains after swinging between positive and negative territory throughout the day.
The BSE Sensex ended at 81,106.65, advancing 107.25 points or 0.13% from its previous close of 80,999.40. Meanwhile, the NSE Nifty 50 settled at 25,044.65, gaining 58.25 points or 0.23% over its previous closing level of 24,986.40. As domestic markets reopen on Wednesday, investors will keep an eye on global market cues, particularly movements in Asian equities and crude oil prices.
“Indian equity markets ended on a positive note, with Nifty opening nearly 90 points higher at 25,076.40 and trading within a narrow range throughout the session. The index touched a low of 24,838.75 and a high of 25,084.05 before closing at 25,044.65, up 58.25 points (+0.23%). Nifty managed to sustain above the crucial 25,000 mark and formed a daily candle with a long lower shadow, indicating buying interest at lower levels. Daily RSI stands at 77.88, suggesting strong momentum but also indicating an overbought zone. Immediate support is placed at 24,850–24,900, while resistance is seen at 25,150–25,200,” said Sachin Gupta, VP – Research, Technical Research, at Choice Broking Private Limited.