Nifty and Sensex Likely to Open Lower

Pre-Market Update at 7:40 AM: Equity benchmark indices Sensex and Nifty 50 are expected to open lower on Friday, November 7, tracking weakness in global markets as technology and artificial intelligence (AI) stocks witnessed a sell-off. As of 7:17 AM, the GIFT Nifty was down 78 points at 25,510, indicating a subdued start for the domestic markets.

On Thursday, Indian markets ended in the red for the second straight session amid volatility. The Nifty 50 fell 87.95 points, or 0.34 per cent, to close at 25,509.95, while the Sensex slipped 148.14 points, or 0.18 per cent, to end at 83,311.01. India VIX eased nearly 2 per cent. Nine of the eleven sectoral indices advanced, while Nifty Metal and Realty fell 2.07 per cent and 1.51 per cent, respectively.

Infosys, India’s second-largest IT company, has fixed November 14, 2025, as the record date for its Rs 18,000 crore share buyback to determine shareholder eligibility for participation.

Key companies announcing Q2 FY26 earnings on November 7 include 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.

Foreign Institutional Investors (FIIs) sold equities worth Rs 3,263.21 crore on Thursday, while Domestic Institutional Investors (DIIs) continued their buying streak for the 10th consecutive session, purchasing shares worth Rs 5,283.91 crore.

US markets closed lower on Thursday as tech stocks faced pressure due to high valuations and economic uncertainty. The Dow Jones Industrial Average dropped 397.35 points, or 0.84 per cent, to 46,913.65. The S&P 500 declined 75.91 points, or 1.12 per cent, to 6,720.38, while the Nasdaq Composite slipped 445.80 points, or 1.90 per cent, to 23,053.99.

The dollar index fell 0.5 per cent to 99.674, as expectations rose for a rate cut at the US Federal Reserve meeting on December 10. Gold prices edged higher amid economic concerns, with spot gold at USD 3,983.54 per ounce, up 0.2 per cent. MCX Gold futures closed at Rs 1,20,613 per 10g, up 0.08 per cent.

Crude oil prices gained slightly, with Brent crude up 0.44 per cent at USD 63.66 a barrel, and US WTI crude futures rising 0.49 per cent to USD 59.71.

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Disclaimer: The article is for informational purposes only and not investment advice.