NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on November 7

The Indian equity markets are set to stage a gap down opening on Friday, November 7, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dopped 122 points to 25,505 amid weak cues from Asian markets.

The Indian equity benchmarks declined for second straight session on Wednesday, November 6, dragged down by losses in ICICI Bank, Eternal, Bharti Airtel, Power Grid, Bajaj Finance, Larsen & Toubro and Bharat Electronics. The SENSEX fell as much as 222 points and NIFTY50 index touched an intraday low of 25,491.55.

Asian markets

Asian markets were trading lower tracking a selloff in US stocks as concerns over expensive valuations of artificial intelligence companies triggered a correction on Wall Street.

Japan's Nikkei fell 2.01%, Hong Kong's Hang Seng dropped 0.82%, China's Shanghai Composite declined 0.24% and South Korea's KOSPI tumbled 2%.

The MSCI Asia Pacific Index slipped 0.6%, led by declines in Japan, putting the gauge on track for its first drop in three weeks.

Wall Street update

Tech heavy Nasdaq dropped 1.9%, S&P 500 fell 1.12% and Dow Jones Industrial Average declined 0.84%.

FII/DII activity

Foreign institutional investors sold shares worth ₹3,263 crore on Thursday while domestic institutional investors bought shares worth ₹5,284 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹9,845 crore and for the calendar year they have been net sellers to the tune of ₹1,49,755 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

In a regulatory filing on Thursday, the company informed that it has "signed a Strategic MoU with Goldfields Commercials PTY Ltd for the identification, development, and execution of real estate, housing, infrastructure and redevelopment projects in Australia."

Through this MoU, the two companies intend to collaborate strategically on mutual areas of interest, joint development, project management, infrastructure development and housing construction, among others.

The mortgage firm had recorded a net profit of ₹546 crore in the same quarter a year ago.

The total income increased to ₹2,755 crore during the quarter under review from ₹2,410 crore in the same period last year, Bajaj Housing Finance said in a regulatory filing.

The housing finance company earned interest income of ₹2,614 crore during the quarter compared to ₹2,227 crore in the same period a year ago.

The company, maker of Dulux paints, had posted a net profit of ₹97.9 crore in the corresponding July-September quarter a year ago, according to a regulatory filing from Akzo Nobel India Ltd (ANIL).

During the quarter ended September 30, 2025, the holding company reported exceptional items amounting to ₹1,874.2 crore, which included ₹1,892.5 crore from sales of Powder Coatings business division and the International Research Center division.

The company also rolled out a new version of the travel platform with an in-app AI assistant that allows travellers to ask, browse, and make bookings through simple conversation.

The new travel app, launched with a beta version of AI, can recommend destinations, curate personalised itineraries, and organise bookings across flights, trains, buses, and metro, creating a seamless travel journey from planning to checkout.

Talking about the new loyalty programme, Paytm founder Vijay Shekhar Sharma said Paytm will give gold coins even for person-to-person money transfers that can be converted into digital gold after crossing a certain threshold level.

The shares were sold in the price range of ₹620.45-623.56 apiece, taking the combined transaction value to ₹1,204.39 crore.

Details of the buyers of Ather Energy's shares could not be ascertained on the BSE and NSE.

The company had posted a profit after tax (PAT) of ₹232 crore in the year-ago period.

However, the total income dropped to ₹1,044 crore in the July-September quarter of the current financial year (FY26) from ₹1,211 crore in the same quarter preceding fiscal, JM Financial said in a regulatory filing.

At the same time, total expenses came down to ₹670 crore against ₹1,058 crore in the same period a year ago.

The company declared an interim dividend of ₹1.50 per equity share for the financial year 2025-26, it said.

The two- and three-wheeler manufacturer has signed agreements with Accel India VIII (Mauritius) Limited and MIH Investments One BV for the monetisation of investment held in Roppen Transportation Services Private Limited (Rapido), according to an exchange filing.

In 2022, TVS Motor entered into a strategic partnership with the on-demand delivery and mobility platform Rapido for collaboration in areas of mutual interest and the commercial mobility ecosystem.

It scored 90 out of 100 among 235 companies worldwide.

"The company was recognised for its outstanding performance in environmental, social, and governance (ESG) practices, transparent governance, and responsible growth. It achieved top scores in climate strategy, community relations, and waste management, " a release said.

**LIC: **Life Insurance Corporation (LIC) on Thursday, November 6, reported a consolidated net profit of ₹10,098 crore for the July-September quarter of the current fiscal year (Q2 FY26), up 31% from ₹7,729 crore posted in the year-ago period.

The company's net premium income jumped 5.4% year-on-year (YoY) to ₹126,930 lakh crore during the reporting quarter, rising from ₹120,326 lakh crore in Q2 FY25.

The PSU firm’s first-year premium was at ₹10,884 crore in Q2 FY26 as compared to ₹7,566 crore in Q1 FY26 and Rs 11,245 crore in the year-ago period. In Q2 FY26, the renewal premium stood at ₹65,320 crore, rising sequentially from ₹60,179 crore in Q1 FY26 and ₹62,236 crore YoY.

Trade setup

On the technical front, the NIFTY50 index broke the crucial 21 EMA support level of 25,594, indicating a trend reversal in the short term. Experts believe that the index should close above the 21 EMA levels on Friday to regain the bullish momentum in the short term.

On the options data front, the 25,000 puts witnessed heavy open interest addition on the downside, indicating a strong support for the index in the near term. On the upside, 26,000 calls continue to hold the highest open interest, indicating strong resistance.