Nifty, Sensex likely to open with losses amid poor global sentiment, key levels to watch on November 14

Nifty, Sensex could open with some weakness.

Poor cues from Wall Street may lead to a weak start for domestic benchmarks Nifty 50 and Sensex on Friday, November 14.

At 7.20 am, the GIFT Nifty index was quoting 25,844, lower by 80 points or 0.3 percent.

Overnight, US markets slumped, with a sharp tech-led selloff dragging the Nasdaq down 2.3 percent. The S&P 500 fell 1.7 percent, while the Dow lost 800 points, or 1.7 percent, after hitting record highs earlier in the week. High-valuation tech and AI stocks were hit hardest, with Nvidia, Broadcom and Alphabet all declining.

Sentiment weakened further as the government shutdown ended, reopening federal offices but leaving key inflation and jobs data missing for now. With some reports unlikely to be released, investors are effectively trading blind. Rising Treasury yields added more pressure, and analysts expect choppy markets and softer near-term growth, though broader GDP damage is seen as limited.

Asian stocks fell at the open Friday after uncertainty over Federal Reserve interest-rate cuts and stretched valuations in technology shares dragged Wall Street lower. Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks.

Further, investors will be closely eyeing election results from Bihar for further cues. Political continuity of the NDA is likely to bode well for the markets, as per experts.

Despite witnessing a sharp rejection near the 26,000 mark, highlighting it as a key overhead resistance, Nifty continues to maintain its footing above the crucial 25,800–25,700 zone, supported by a bullish gap that continues to provide a strong cushion for buyers.

On the higher side, immediate resistance is seen around the 26,000 level. A convincing breakout above this threshold could trigger fresh momentum-driven buying and extend the rally further, said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Conversely, a breach below 25,750 may invite renewed selling pressure and spark caution among market participants.