Nasdaq futures slide on Huang Ouster report | Crude oil prices rangebound
Join us live for Opening Bell as we get you ready for the trading day on Dalal Street. Wall Street ended higher as the AI trade rebounded, with the Dow up 0.49%, the S&P 500 up 1.31% and the Nasdaq up 1.60%. CoreWeave surged 25% on a strong Q3 and guidance, and Micron jumped 12%. Nasdaq futures are sliding, though, after reports that Nvidia’s board is preparing to oust CEO Jensen Huang, with the stock down sharply after hours. Asian markets are trading mixed, and GIFT Nifty points to a flat start for India after the Nifty closed at a fresh nine-month high above 25,200, with the Nifty Bank approaching its record high. We also break down the FII and DII flows, the dollar’s climb to its highest since April 2025 and what it all means for the Indian market.
On the geopolitical front, Brent crude is steady around $92 a barrel as the US and Iran remain deadlocked, while Israel steps up preparations for a possible strike on Iran and Tehran warns that any attack could spread the conflict. FPIs have extended their buying spree, with November net buying hitting $7.3 billion in just seven sessions, more than the combined September and October outflows. MSCI has also raised India’s weight in its Emerging Markets index, adding LIC, Adani Green, Meesho and Coforge, with the changes effective November 30. On the corporate front, we track Bajaj Finance’s ₹11,700 crore QIP, ITC’s Gold Flake price hike and Tata Power’s Q2 numbers.