Friday, 13 November 2026. GIFT Nifty was at 25,220.5 at 8:05 AM, 84.5 points (0.33%) below its 3:30 PM level on Thursday, after Jensen Huang resigned as Nvidia's chief executive and Wall Street closed lower. Indian shares also trade for the first time on October's retail inflation figure of 6.09%, released after Thursday's bell. How Thursday's session went is in the post-market report for 12 November.
Nvidia names its finance chief interim CEO
Nvidia's board said on Thursday that Huang had resigned as president, chief executive and a member of the board, effective immediately. Colette Kress, the chief financial officer, who joined the company in 2013, will serve as interim CEO and keep her finance role, and the board is searching inside and outside the company for a permanent successor. Harvey C. Jones, a former Synopsys chief executive, becomes the company's first Chair of the Board. Two days earlier the independent directors had hired former acting US Attorney Joon H. Kim and the law firm Wachtell, Lipton, Rosen & Katz to run an investigation. CNBC reported that Huang stepped down after reports of extramarital affairs, one of them with a woman US intelligence officials believe to be a Chinese spy.
Nvidia shares fell 4.3% in the regular session, ending off their lows, CNBC reported. The company said its third-quarter results for fiscal 2027 are still due on Tuesday, 17 November, at about 1:20 PM Pacific time.
Thursday on Wall Street
All three main indexes fell, and small companies fell hardest. Elsewhere among chipmakers, Broadcom rose 5.5% and AMD 5.9%, while Micron lost 1.6% and Intel more than 2.1%, Trading Economics reported.
| Index | Thursday 12 November close | Change |
|---|---|---|
| Dow Jones | 52,297.09 | −189.40 (−0.36%) |
| S&P 500 | 7,592.40 | −26.98 (−0.35%) |
| Nasdaq Composite | 25,366.09 | −100.10 (−0.39%) |
| Russell 2000 | 2,799.06 | −47.20 (−1.66%) |
Even after Thursday the Nasdaq is up 3.2% for the week and the S&P 500 2.9%, CNBC calculated. Futures turned up in the evening: just after 6 PM New York time (4:30 AM in India), Dow futures were 166 points (0.3%) higher, S&P 500 futures 0.4% and Nasdaq-100 futures 0.6%.
The 10-year Treasury yield was 5.13% this morning, against 4.997% on Thursday morning. Trading Economics tied the rise to expectations of more Federal Reserve rate increases. In Tokyo, the Nikkei 225 was up about 1.5% at above 61,700, led by chip-equipment makers: Advantest gained 6.4%, and Tokyo Electron and Lasertec 2.9% each.
Brent back near $96
Brent crude settled at $95.82 a barrel on Thursday, up more than 3%, CNBC reported, after President Trump wrote on Truth Social that the US does not need a deal with Iran. It was hovering near $96 this morning, according to Trading Economics, which noted that Iran says the US must first lift its naval blockade and sanctions.
| Cue | Level | As of |
|---|---|---|
| GIFT Nifty | 25,220.5 (−84.5 vs 3:30 PM Thu, −0.33%) | 8:05 AM IST |
| Brent crude | $95.82 settle | Thursday |
| US 10-year yield | 5.13% | Friday morning |
I have left WTI out: the two figures Trading Economics showed for it this morning did not agree, and I found no settlement price from another outlet.
October inflation meets the market
The statistics ministry put consumer price inflation for October at 6.09%, up 0.55 percentage points from 5.54% in September, with food inflation at 8.94% against 7.74%, Upstox and Business Today reported. Business Today noted it is the first reading above the RBI's 6% upper limit in two years. The RBI raised the repo rate by 25 basis points to 5.50% on 7 October; its next decision is due on 4 December. The figures came out after Thursday's close, so today is the first session to trade on them.
₹7,830.60 crore of foreign buying on Thursday
Foreign institutions bought a net ₹7,830.60 crore of Indian shares in the cash market on Thursday, NSE's provisional data show, after ₹12,563.30 crore on Wednesday. Domestic institutions sold a net ₹6,331.20 crore, leaving foreign buying ₹1,499.40 crore ahead (how to read FII and DII data).
| Thursday 12 November | Close | Change |
|---|---|---|
| Nifty 50 | 25,299.35 | +44.30 pts (+0.18%) |
| Sensex | 81,911.01 | +31.61 pts (+0.04%) |
| Bank Nifty | 61,518.50 | +726.10 pts (+1.19%) |
| India VIX | 16.62 | −0.94 (−5.35%) |
GIFT Nifty is now 78.85 points below the Nifty 50's close. It is a futures price, so that gap does not tell you where the index opens (what GIFT Nifty can and cannot tell you). The rupee closed 34 paise weaker at 94.03 to the dollar, from 93.69, HDFC Sky reported.
Dates ahead
- Expiry: none today. The next weekly Nifty expiry is Tuesday, 17 November. NSE is shut on Tuesday, 24 November, so the November monthly expiry falls on Monday, 23 November.
- US: October producer prices are due later today, CNBC listed. Nvidia reports on 17 November.
- RBI: the next policy decision is on Friday, 4 December.
I could not find a results or IPO calendar for today from a source I could check, so none is listed.
Before the bell
- Whether US futures hold the evening's gains through Asian trading.
- Brent against Thursday's $95.82 settle, after the Iran comments.
- How the 10-year Treasury yield moves from 5.13%.
Sources
- GIFT Nifty, Nifty 50, Sensex, Bank Nifty and India VIX: Zerodha Kite market data
- Nvidia CEO transition, interim CEO, board chair and results date: NVIDIA press release; board investigation: NVIDIA newsroom
- Nvidia share move, reasons for the resignation, evening futures, weekly gains, Brent settle, US PPI: CNBC
- US index closes: Associated Press via La Nación
- Chipmakers: Trading Economics; 10-year yield: Trading Economics; Brent this morning: Trading Economics; Tokyo: Trading Economics
- October CPI: MoSPI release as reported by Upstox and Business Today; RBI's 7 October decision: RBI policy statement
- FII and DII flows: NSE provisional data via 5paisa; rupee: HDFC Sky
- Holidays and expiry: NSE holiday list and expiry rules
This note summarises public news and data for information only. It is not investment advice or a recommendation to buy or sell any security, and I don't publish levels, targets or trade ideas. I am not registered with SEBI as an investment adviser or research analyst.