The Sensex and Nifty 50 are likely to open lower on Friday, tracking weakness in overnight global markets triggered by a sharp sell-off in technology and artificial intelligence (AI) stocks.

Asian markets traded in the red, while the US stock market fell overnight as concerns over stretched valuations dragged tech shares lower.

However, on Thursday, Indian equities closed weaker for the second straight session, with the benchmark indices slipping during a volatile trading day.

Domestic Market Recap

On Thursday, Indian indices closed in the red:

• Sensex slumped by 148.14 points (0.18%) to close at 83,311.01
• Nifty 50 moved down by 87.95 points (0.34%) to settle at 25,509.70

Gift Nifty

Gift Nifty was trading near 25,498, around 129 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Overnight Wall Street Performance

The US stock market closed lower on Thursday, as a sharp sell-off in tech stocks dragged down major indices amid growing economic uncertainty and concerns over stretched valuations.

• The Dow Jones Industrial Average slumped by 397.35 points (0.84%) to close at 46,913.65.
• S&P 500 dropped by 75.91 points (1.12%), ending at 6,720.38.
• The Nasdaq Composite was lower by 445.80 points (1.90%), finishing at 23,053.99.

Gold Prices 

Gold prices held steady on Friday, after recovering some ground in the previous session. Spot gold inched up 0.3% to $3,990.15 per ounce.

Crude Oil Prices

• Brent crude gained 0.44% to $63.66/barrel
• US West Texas Intermediate (WTI) crude was trading 0.49% higher at $59.71/barrel

Overnight Major Global Events Driving Sentiment

1. Infosys Buyback Record Date: Infosys, India’s second-largest IT services firm, set November 14, 2025, as the record date for its Rs 18,000 crore share buyback, determining which shareholders will be eligible to participate.
2. US Jobless Claims: New unemployment claims in the US rose slightly last week. Initial jobless claims increased to a seasonally adjusted 229,140 for the week ending November 1, up from 219,520 the previous week.
3. Bank of England Policy: The Bank of England left interest rates unchanged, with the Monetary Policy Committee voting 5–4 to keep the benchmark Bank Rate at 4%. A poll last week had anticipated a 6–3 vote in favour of holding rates steady.
4. Tesla’s Elon Musk Pay Plan: Tesla shareholders approved a $1 trillion compensation package for CEO Elon Musk, with more than 75% voting in favour. Tesla shares closed 3.54% lower at $445.91, but rose 1.57% in after-hours trading.

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