On Friday, November 7, equity benchmark indices Sensex and Nifty 50 are likely to open lower, tracking weakness in global markets amid a sell-off in technology and artificial intelligence (AI) stocks.
As of 7:17 AM, the GIFT Nifty was down 78 points at 25,510, indicating a negative start for the Nifty 50. Asian markets were trading lower, and US equities declined overnight as valuation concerns dragged down tech shares.
Talking about tech stocks, Infosys, India’s second-largest IT company, has fixed November 14, 2025 (Friday) as the record date for its ₹18,000 crore share buyback to determine shareholder eligibility for participation.
Bajaj Auto, Divis Laboratories, Hindalco Industries, Trent, Power Finance Corporation, Torrent Pharmaceuticals, UNO Minda, FSN E-Commerce Ventures Nykaa, Kalyan Jewellers India, National Aluminium Company, Petronet LNG and Cholamandalam Financial Holdings will announce their Q2FY26 earnings on November 7.
On Thursday, November 6, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹3,263.21 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹5,283.91 crore, marking their 10th consecutive session of net inflows.
On Thursday, November 6, Indian stock markets extended losses for the second straight session as the US dollar stayed near a five-month high and foreign fund outflows persisted. The Nifty 50 slipped 87.95 points, or 0.34%, to 25,509.95, while the Sensex fell 148.14 points, or 0.18%, to 83,311.01. India VIX eased nearly 2%.
Nine of the eleven sectoral indices ended in positive territory. The Nifty Metal and Realty indices declined 2.07% and 1.51%, respectively, while the IT and Auto indices gained 0.18% and 0.06%. Broader indices, including the Nifty Midcap 100 and Smallcap 100, also closed lower.
US markets closed lower on Thursday as technology stocks came under pressure due to rising concerns over economic uncertainty and high valuations.
The Dow Jones Industrial Average slipped 397.35 points, or 0.84%, to finish at 46,913.65. The S&P 500 fell 75.91 points, or 1.12%, to 6,720.38, while the Nasdaq Composite declined 445.80 points, or 1.90%, to settle at 23,053.99.
In the United States, new filings for unemployment benefits showed a slight uptick last week. According to Haver Analytics, initial jobless claims rose to a seasonally adjusted 229,140 for the week ending November 1, up from 219,520 in the previous week.
The Bank of England decided to maintain its benchmark interest rate at 4%, with a close 5-4 vote by the Monetary Policy Committee. This outcome differed from the expectations of most economists surveyed by Reuters, who had anticipated a 6-3 vote in favor of keeping rates unchanged.
The dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.5% to 99.674, reversing its gains so far this month as bets mounted on a cut at the Fed's next meeting on December 10.
Gold inched higher in early Asian trade amid U.S. economic concerns. Job cut plans surged to over 1.5 lakh in October, and the ongoing 37-day government shutdown led to FAA flight reductions. Spot gold rose 0.2% to $3,983.54/oz, while MCX Gold futures closed at ₹1,20,613 per 10g, up 0.08%.
Crude oil prices traded higher. Brent crude oil rose 0.44% to $63.66 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 0.49% to $59.71.
Disclaimer: The article is for informational purposes only and not investment advice.
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