Amid mixed signals from the US stock market, domestic equities may see significant activity in various stocks today, November 13. Alongside fluctuations in artificial intelligence (AI)-related stocks, companies such as Meesho, Manappuram Finance, EIH, and Ola Electric will be on investors' radar in the domestic market.

Why has Nvidia caused a stir in the market?
The US technology sector experienced a major shake-up on Thursday when Jensen Huang, the co-founder and long-time CEO of global chip giant Nvidia, suddenly resigned from his position. The company has appointed CFO Colette Kress as interim CEO. Following this news, Nvidia’s shares came under pressure, falling by approximately 4.34% during trading.

Why did AMD and Broadcom benefit from Nvidia’s decline?
The uncertainty surrounding leadership at Nvidia has prompted investors to look toward other AI chip companies. AMD’s Instinct GPUs and AI accelerators pose a direct challenge to Nvidia. Consequently, major tech companies and cloud service providers may consider diversifying their AI chip suppliers.

Meanwhile, Broadcom stands to benefit from its strong foothold in custom AI chips and networking infrastructure. Major tech firms are increasingly turning to companies like Broadcom to develop AI chips tailored to their specific requirements.

Stocks to watch in the Indian market today
Beyond the volatility in AI-related stocks abroad, the second-quarter financial results and corporate updates from domestic companies are likely to shape market sentiment today.

1. Manappuram Finance: The company’s shares may see some activity. In the second quarter, the company’s consolidated profit surged by 222.7% year-on-year to reach Rs 701 crore, up from Rs 217.3 crore in the same quarter last year. The company's revenue also rose by 44.7% to Rs 1,958.7 crore.

2. EIH: This company, which operates in the hospitality sector, saw its profit grow by 19.9% ​​to Rs 136.4 crore in the second quarter, compared to Rs 113.8 crore in the same period last year. Its revenue also increased by 16.1% to reach Rs 694.2 crore.

3. TD Power Systems: The company has reported strong quarterly results. Its profit surged by 105.6% to Rs 123.75 crore, up from Rs 60.2 crore in the corresponding period last year. Revenue also recorded an 85.94% increase, reaching Rs 841.3 crore.

4. NMDC Steel: The company's results are likely to attract investor attention. It posted a profit of Rs 61 crore for the second quarter, a turnaround from a loss of Rs 114.8 crore in the same quarter last year. Revenue grew by 11.04% to Rs 3,764.4 crore.

5. Dilip Buildcon: The company's profit fell by 52.7% year-on-year to Rs 101.3 crore, down from Rs 214.1 crore in the previous year. However, its revenue increased by 16.8% to Rs 2,250.4 crore.

6. Ola Electric: The company's shares will also be in focus. Its loss for the second quarter narrowed to Rs 362 crore, compared to Rs 418 crore in the previous year. However, revenue declined by approximately 39% to Rs 421 crore, down from Rs 690 crore in the same period last year. 7. Hitachi Energy India: The company’s profit rose by 20.5% to Rs 318.5 crore, up from Rs 264.4 crore in the previous year. Revenue saw a robust growth of 63.5%, reaching Rs 2,996.5 crore.

Meesho and WeWork India will also be in the spotlight:
Meesho: The e-commerce company may see some activity following reports of a block deal. According to reports, SVF II Meerkat (DE) LLC—an entity linked to SoftBank—may sell a 1% stake in the company. The deal is valued at approximately Rs 1,174 crore, with a floor price set at Rs 246.23 per share. As of September 2026, this entity held a 6.84% stake in Meesho.

WeWork India: The company has signed a lease agreement for a 313,633-square-foot space in Hyderabad to expand its capacity. An investment of approximately Rs 144 crore will be made toward this expansion.

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