The Indian equity markets are set to start lower as the Gift Nifty index tracked subdued global trends. Both the US and Asian markets traded in the red, as a decline in technology stocks amid valuation concerns pulled down investor sentiment. As per reports, layoffs across the US soared last month to more than 153,000, marking the worst October for job reductions in 22 years, while also noting an increase in Americans filing new applications for unemployment benefits. 

These cues weighed on Wall Street, and the Asian markets also reflected the dimmed market mood. Japan’s Nikkei 225 tumbled 2%, Hang Seng declined by 0.66%, and South Korea’s KOSPI was also down by 2.30%. The Shanghai Composite and the Hang Seng showcased a marginal rise of 0.10% each.

Amongst the American headliners, the S&P 500 declined 75.91 points, or 1.12%, to 6,720.38, and the Nasdaq Composite closed lower by 445.80 points, or 1.90%, to 23,053.99. The Dow Jones Industrial Average dropped 397.35 points, or 0.84%, to 46,913.65. 

Tracing the overall bearish global signals, the Gift Nifty index indicated a negative start. At 8:30 am, the Gift Nifty was at 25,497.50, trading at a discount of 42 points or 0.16%. The Indian benchmark indices recorded a turbulent session yesterday, to close lower, continuing their losing streak for the second session. The Sensex declined 148.14 points, or 0.18%, to close at 83,311.01, while the Nifty 50 settled 87.95 points, or 0.34%, lower at 25,509.70.

Stocks in focus:

Q2 result announcement - Aegis Logistics, Bajaj Auto, Hindalco Industries, National Aluminium Company, FSN E-Commerce Ventures (Nykaa), AstraZeneca Pharma, Divis Laboratories, JSW Cement, Power Finance Corporation, SpiceJet, Torrent Pharmaceuticals, and Trent

Infosys - The country’s second-largest IT company has fixed Friday, November 14, 2025, as the Record Date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

Swiggy - The board of the company are to meet today to decide on raising fresh capital through QIP, which was informed in an exchange filing in October. As per the transcript of the analyst call published yesterday, Rahul Bothra, CFO of Swiggy, said that these additional funds are going to be used more towards growth capital. “We don't expect the need to raise any further capital if and when we were to raise this additional QIP,” he said.  

Spark Minda - The flagship company of Minda Corporation, achieved its highest-ever quarterly revenue of ₹1,535 crore, registering a 19% year-on-year growth, and an EBITDA of ₹178 crore and an EBITDA margin of 11.6%, an improvement of 22 basis points year-on-year. It recorded a net profit of ₹85 crore and a PAT margin of 5.5%. During the first half of fiscal year 2026, the company secured lifetime orders totalling over ₹3,600 crore.

Adani Enterprises - Kutch Copper, a subsidiary of Adani Enterprises, has inked a non-binding MoU with Australia’s Caravel Minerals on Thursday that would pave the way for a strategic collaboration on the flagship Caravel Copper Project in Western Australia’s Murchison region.

Ajmera Realty - The company has reported a 14% year-on-year decline in profit after tax (PAT) to ₹31.2 crore, while its revenue surged 8% to ₹221 crore. The company's EBITDA for the said quarter stood at ₹60 crore, down 7% YoY, and margins also fell 450 bps.