Markets poised for flat to positive open amid global rebound

Indian equity benchmarks closed lower in a volatile session on November 24, with the Nifty slipping below the 26,000 mark

Indian markets are expected to open flat to mildly positive, tracking marginal gains in the Gift Nifty and firm cues from global peers. US markets closed higher, and most Asian indices are trading in the green, supported by the rebound in US equities.

The Gift Nifty was trading at 25,980, up 0.05 percent from its previous close.

Indian equity benchmarks closed lower in a volatile session on November 24, with the Nifty slipping below the 26,000 mark. At the close, the Sensex declined 331.21 points, or 0.39 percent, to 84,900.71, while the Nifty fell 108.65 points, or 0.42 percent, to 25,959.50.

A major trigger for the decline was heavy foreign institutional investor (FII) selling. On November 21, FIIs offloaded equities worth Rs 1,766 crore, leading to continued pressure through November 24. Sentiment was further dampened by the Indian rupee weakening to a record low of 89.49 against the US dollar.

Asia-Pacific markets opened higher on Tuesday after a rebound in US technology stocks. Japan’s Nikkei 225 advanced 1.14 percent in early trade, while the Topix gained 0.7 percent. South Korea’s Kospi climbed 2.39 percent, and the Kosdaq added 1.7 percent.

Hong Kong’s Hang Seng Index rose 1 percent, and the Hang Seng Tech Index increased 1.74 percent. The mainland’s CSI 300 was up 0.53 percent.

Overnight, US markets ended higher as equities recovered during the Thanksgiving holiday week, following a sharp pullback in artificial-intelligence-linked stocks. The S&P 500 gained 1.55 percent to close at 6,705.12, while the Nasdaq Composite surged 2.69 percent to 22,872.01—its strongest session since May 12. The Dow Jones Industrial Average added 202.86 points, or 0.44 percent, to finish at 46,448.27.

The rebound extended Friday’s recovery after the New York Federal Reserve President signaled an openness to a potential interest rate cut in December. Despite this bounce, major US indices remain under pressure for the month, as investors reassess lofty valuations in AI-driven stocks that have contributed significantly to 2025’s market gains.