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Indian Stocks Open Higher on Earnings and Inflation Relief as Global Tests Loom

Focus shifts to FOMC minutes, delayed US jobs figures, then Nvidia results, which could sway rate-cut odds.

Overview

  • Sensex rose about 250 points at the open to roughly 84,817 as Nifty neared 25,974 in early trade.
  • Sentiment drew support from record‑low October retail inflation at 0.25%, stronger Q2 earnings and the NDA’s Bihar victory.
  • Foreign investors sold Rs 4,968 crore on Friday while domestic institutions bought Rs 8,461 crore, with PSU banks and FMCG outperforming as IT lagged.
  • Key external cues this week include FOMC minutes, the restart of delayed US jobs data and Nvidia’s earnings, with December Fed cut odds slipping below 50%.
  • Tata Motors Passenger Vehicles fell up to 6% after weak Q2 metrics and a JLR margin cut, while technicians flag Nifty support near 25,650–25,700 and upside targets at 26,200–26,500 if momentum holds.