GIFT Nifty traded up 65.5 points or 0.34% at 19555, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Sunday, the benchmark equity indices closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45. 

“This week is a holiday-shortened one and the performance of the global indices, especially the US markets, will be on participants’ radar for cues. The Dow Jones Industrial Average (DJIA) spent the entire week in a range but finally surpassed the hurdle of 34,200 on Friday. Now, sustainability above that zone could trigger the next leg of recovery, which may help in ending the consolidation in our markets,” said Ajit Mishra, SVP – Technical Research, Religare Broking.

Key things to know before share market opens on November 13, 2023

Wall Street

Wall Street’s main indices ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed, while investors looked ahead to next week’s reports on inflation and other economic data, reported Reuters. The tech-heavy Nasdaq Composite soared 276.66 points or 2.05% to 13,798.11. The S&P 500 climbed 67.89 points or 1.56% to 4,415.24, while the Dow Jones Industrial Average surged 391.16 points or 1.15% to 34,283.1.