Leading Indian equity indices, the Nifty 50 and BSE Sensex, are expected to extend gains from the previous session and open in the green on November 27. The positive sentiment follows global markets pricing in a higher likelihood of a U.S. Federal Reserve interest rate cut.
At 7:10 a.m., the GIFT Nifty was trading at 26,448, up 60 points, or 0.2 percent.
Global Markets Lift Risk Appetite
Major U.S. indices closed higher on Thursday, buoyed by softer Treasury yields and renewed optimism over monetary policy. The S&P 500 rose 0.7 percent, marking a fourth consecutive day of gains. The Nasdaq 100 gained 0.87 percent, while the Dow Jones added 0.67 percent.
This upbeat mood carried over to Asian markets, which opened higher in early trade. “Overall, the global backdrop remains supportive, setting a constructive tone for Indian equities ahead of the opening bell,” said Ponmudi R, CEO of Enrich Money.
Nifty’s Strong Rebound
The Nifty index staged its biggest single-day gain in nearly four months, driven by expectations of further rate cuts and strong performance from heavyweight stocks. “The index erased losses from the previous three sessions with a decisive bullish engulfing candle, reaffirming its upward trajectory,” said Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities.
The Nifty found firm support near the 25,800 level, validating this zone as a strong demand base. On the upside, the 26,250–26,300 region—around the previous all-time high—remains the immediate supply zone.
Outlook
According to analysts, as long as Nifty stays above its support band, the broader trend is expected to remain constructive. Every corrective move could attract fresh buying interest, positioning the index well for a potential breakout past its earlier peak.
