Key Market Cues Likely To Influence Investor Sentiment On D-Street Today

A host of global cues are likely to influence investor sentiment in trade on November 12.

Earlier, domestic equity benchmarks extended their gains for a second straight session on November 11, supported by buying in index heavyweights, IT, and auto stocks amid the weekly F&O expiry. Sentiment improved after Goldman Sachs upgraded its view on India to “overweight” from “neutral,” citing strong earnings momentum and policy tailwinds.

At the close, the Sensex settled at 83,871.32, higher by 335.97 points or 0.40 per cent, while the Nifty 50 added 120.60 points, or 0.47 per cent, to end at 25,694.95.

Key Market Cues To Watch Today

India-US Trade Deal

US President Donald Trump on November 11 said his administration would lower the high tariffs imposed on India, signaling progress toward resolving a trade issue that has strained bilateral ties in recent months.

Trump said his administration plans to reduce tariffs “at some point,” adding that Washington is close to a “fair deal” with New Delhi. “We’re gonna be bringing tariffs down... at some point, we’ll bring them down,” he said, without providing a timeline.

According to an Indian Express report citing officials, India is awaiting a response from the US on the proposed trade deal, and another round of talks is not required at this stage.

Trump Backs H-1B Visa

Trump defended the need for H-1B visas, saying the US requires foreign talent for certain industries. This is likely to boost investor confidence in IT stocks.

In a Fox News interview, he rejected the claim that the country has “plenty of talent,” arguing that some specialised skills can’t be filled from the domestic workforce. His remarks come despite his administration’s recent crackdown on H-1B visas, which included a $100,000 application fee introduced in September.

US Stock Market

The Dow Jones jumped 1.18 per cent overnight to close at a record high, buoyed by hopes of an end to the prolonged US government shutdown. The S&P 500 added 0.21 per cent, while the tech-heavy Nasdaq slipped 0.25 per cent.

Members of the US House of Representatives returned to Washington after a 53-day recess to vote on a deal aimed at reopening the government.

Asian Stock Market

Asian stocks traded higher in early trade as the US Congress moved closer to ending the federal shutdown.

Japan's Nikkei 225 was up 0.17 per cent, South Korea's Kospi was up 0.70 per cent, the Hong Kong-based Hang Seng traded 0.60 per cent up. However, China's CSI 100 was trading in the red, down by 0.42 per cent.

Q2 Results Today

As many as 601 companies listed on the Bombay Stock Exchange (BSE) are set to report their quarterly results for the period ended September 30, 2025 on November 12.

Hindustan Aeronautics, Tata Steel, IRCTC, Ashok Leyland, Honasa Consumer, Info Edge, Cochin Shipyard, and Asian Paints are among the key companies set to announce their quarterly results today.

US Dollar Index

The US dollar slipped in early trade on November 12 after US private-sector jobs data raised concerns about the labour market. Investors also awaited the expected reopening of the US government, which could release a backlog of economic data.

Overnight, payroll processor ADP reported that US companies were cutting more than 11,000 jobs a week through late October, showing signs of a weakening job market. The jobs data is a key indicator tracked by the U.S. Federal Reserve and plays a major role in shaping its interest rate outlook.

Following the data, the US dollar fell in the previous session and failed to recover in early Asian trade, as traders increased bets on a US Fed rate cut in December. The US dollar index, which measures the greenback against six major currencies, hovered near a one-week low at 99.46.