" Overall we expect a positive trend to continue in the market. Auto stocks will be in focus as OEMs will announce their monthly sales data on Friday," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 12.5 points, or 0.06 per cent, at 20,326, signaling that Dalal Street was headed for muted start on Friday.
US stocks mixed
The Dow Jones Industrial Average closed at its highest level since January 2022 as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data as a harbinger of easing Federal Reserve monetary policy.
Asian shares down
Shares in Asia opened lower after Wall Street saw a late-day rebound in trading, helping the S&P 500 notch one of its biggest November rallies on record. Treasuries were steady.
Oil falls
Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.
Dollar eases
The