Indian equity markets are likely to open on a subdued note on November 13, 2026, as investors track developments in the US market and quarterly earnings from domestic companies. Shares of Nvidia declined 4.34% on Thursday following the announcement of CEO Jensen Huang's resignation. Meanwhile, shares of AMD and Broadcom advanced. GIFT Nifty is also signalling a weaker opening for the domestic market.
A major leadership change has taken place at US chipmaker Nvidia. On November 12, the company announced that its co-founder and CEO, Jensen Huang, had resigned from his position. The company's Chief Financial Officer, Colette Kress, has been appointed interim CEO, while the search for a permanent CEO has also begun.
The development had a visible impact on the company's stock. Nvidia shares fell by nearly 12% during Thursday's trading session. However, the stock recovered some of its losses before closing 4.34% lower. Major US market indices also ended the session in negative territory.
While Nvidia shares came under selling pressure, its competitors AMD and Broadcom witnessed buying interest. On Thursday, AMD shares gained approximately 5.86%, while Broadcom shares rose 5.54%.
AMD manufactures GPUs and other processors used in artificial intelligence applications. Broadcom operates in the areas of custom AI chips and networking technology. Following the leadership change at Nvidia, investors are also tracking the business prospects of these competing companies.
The developments could influence trading sentiment in the Indian equity market. However, quarterly earnings from domestic companies are also expected to remain an important factor for individual stocks.
Several companies are likely to remain on investors' radar following their quarterly earnings announcements.
Manappuram Finance reported a 222.7% increase in consolidated profit for the second quarter, reaching Rs 701 crore, compared with Rs 217.3 crore in the corresponding quarter of the previous year. Revenue increased 44.7% to Rs 1,958.7 crore.
Hotel company EIH reported a 19.9% increase in profit to Rs 136.4 crore. Its revenue rose 16.1% to Rs 694.2 crore.
TD Power Systems recorded a 105.6% increase in profit to Rs 123.75 crore in the second quarter. Revenue increased 85.94% to Rs 841.3 crore.
NMDC Steel moved into profit from a loss in the corresponding quarter of the previous year. The company reported a profit of Rs 61 crore, compared with a loss of Rs 114.8 crore a year earlier. Revenue increased 11.04% to Rs 3,764.4 crore.
Dilip Buildcon reported a 52.7% decline in second-quarter profit to Rs 101.3 crore. However, revenue increased 16.8% to Rs 2,250.4 crore.
Ola Electric reported a reduction in its quarterly loss to Rs 362 crore, compared with Rs 418 crore in the corresponding period last year. However, the company's revenue declined approximately 39% to Rs 421 crore from Rs 690 crore.
Hitachi Energy India reported a 20.5% increase in profit to Rs 318.5 crore. Revenue rose 63.5% to Rs 2,996.5 crore.
E-commerce company Meesho could also remain in focus during Friday's trading session. According to reports, SVF II Meerkat (DE) LLC, an entity associated with SoftBank, is preparing to sell approximately 1% of its stake in the company.
The proposed block deal is estimated to be worth around Rs 1,174 crore, with a floor price of Rs 246.23 per share. As of September 2026, the entity held a 6.84% stake in Meesho.
Meanwhile, WeWork India plans to expand its operations in Hyderabad. The company has entered into a lease agreement for 3,13,633 square feet of space. The expansion will involve an investment of approximately Rs 144 crore. The additional capacity is expected to become operational by July 2027.
