Indian equities are likely to open on a mixed note on Thursday, with focus on earnings-driven moves in key stocks such as Tata Steel (NSE: TATASTEEL), IRCTC (NSE: IRCTC), Cochin Shipyard (NSE: COCHINSHIP), SpiceJet (NSE: SPICEJET), and Indraprastha Gas Ltd (NSE: IGL) following their Q2FY26 results.