News

Indian benchmarks off to a weak start

Indian benchmark indices Sensex and Nifty opened weak despite a recovery in Asian markets. Global equities remained volatile following the resignation of Nvidia CEO Jensen Huang, raising concerns over the artificial intelligence sector's outlook. Although Asian tech stocks rebounded and US futures edged higher, overnight losses on Wall Street and uncertainty around Nvidia's leadership transition weighed on domestic sentiment.

At 9:20 AM on November 13, the Sensex was down 580 points at 81,330, while the Nifty fell 0.84% to 25,086.

Rupee Check

The Indian rupee opened largely flat at 94.03 per dollar, compared to its previous close of 94.04.

Global Update

Asian equities advanced on Friday as investors returned to tech stocks after a turbulent week. South Korea's KOSPI surged 2.35% and Japan's Nikkei 225 gained 1.4%, recovering from recent semiconductor weakness. The MSCI index of Asia-Pacific shares outside Japan rose 0.26%.
Overnight on Wall Street, the Dow Jones Industrial Average declined 0.36% to 52,297.09, while the S&P 500 fell 0.35% to 7,592.40. The Nasdaq Composite slipped 0.39% to 25,366.09. Nvidia shares plunged up to 14% intraday before recovering to close 4.3% lower, and fell another 3% in extended trading.