The Indian benchmark indices, Sensex and Nifty 50, are expected to open with little change or a slight increase on November 19, with GIFT Nifty trading at approximately 23,544.
The Nifty has seen a decline for seven consecutive sessions, which is its longest losing streak since February 2023. This decline can be attributed to significant sell-offs in IT and energy stocks. Market sentiment remains cautious due to concerns about potential slowdowns in US Federal Reserve rate cuts, disappointing Q2 earnings, ongoing foreign outflows, and high valuations.
The Sensex has also experienced volatility, with swings of up to 900 points during trading. Investors are advised to stay vigilant as the market navigates these challenging conditions.