The Indian stock market showed resilience on Friday, November 6, 2026, despite heavy selling across global markets. While US and Asian technology stocks faced sharp losses due to concerns over artificial intelligence (AI) investments, the Nifty 50 and Sensex traded higher.

At around 10:33 AM IST, the Nifty 50 was up 0.51% at 24,662.80, while the Sensex gained 0.76% to reach 79,917.60, according to a Reuters market report.

Fresh foreign investor buying and India's relatively lower exposure to global AI-related stocks helped support market sentiment. However, rising crude oil prices and continued global uncertainty remain important factors for investors.

Nifty and Sensex Today: Latest Market Update

The Indian stock market ended Thursday, November 5, on a strong note. The BSE Sensex surged 2,008.61 points, or 2.60%, to close at 79,310.01. The NSE Nifty 50 gained 576 points, or 2.40%, and settled at 24,536.60.

The rally followed several sessions of gains, supported by foreign fund inflows and improved sentiment around crude oil prices and the broader economic outlook.

On Friday, the benchmarks continued to trade in positive territory despite weak global signals. However, the figures of 79,917.60 for the Sensex and 24,662.80 for the Nifty were intraday levels reported at 10:33 AM IST, not the final closing prices.

Why Did the US Stock Market Fall?

Wall Street witnessed heavy selling on Thursday, November 5, led by technology and AI-related companies.

The Nasdaq Composite dropped 5.5% to close at 24,315. The S&P 500 fell 4.4% to 7,353.73, while the Dow Jones Industrial Average declined 3.4% to 51,523.06.

According to an Associated Press report on the US market sell-off, investors became concerned about high technology valuations and the large investments being made in AI infrastructure and data centres.

The concerns increased after Democratic victories in the US midterm elections raised the possibility of stricter rules for data-centre development. Investors also questioned whether the huge spending on AI infrastructure would generate enough returns.

The sharp selling affected several major technology and semiconductor companies and spread across the broader US market.

Asian Markets Face Heavy Selling

The weakness on Wall Street also affected Asian markets on Friday.

South Korea's Kospi fell more than 8% during early trading, triggering a temporary trading halt. Japan's Nikkei 225 also declined sharply, falling more than 5% during the morning session.

A Reuters report on the Asian market sell-off linked the decline to concerns about AI-related investments, technology stocks and possible changes in data-centre policies.

India, however, moved in the opposite direction. The Nifty and Sensex remained positive during the reported morning session, showing relative strength compared with several major Asian markets.

Record FII Buying Supports Indian Equities

Foreign institutional investor activity has become an important support for the Indian market.

According to provisional exchange data, FIIs bought Indian equities worth a net ₹14,974.68 crore on November 5. A Moneycontrol report on FII activity described it as the biggest single-day buying by foreign investors in more than a year.

The buying marked a major change after a long period of foreign fund outflows from Indian equities. It also helped improve sentiment ahead of Friday's trading session.

However, investors will need to watch whether foreign buying continues in the coming sessions. A single strong inflow does not guarantee a sustained market rally.

Crude Oil Prices Remain Important

Crude oil prices are another major factor for Indian equities because India imports a large share of its oil requirements.

Brent crude had fallen below $100 per barrel on Thursday, supporting the Indian market. However, prices moved higher again on Friday. Brent crude was trading around $100 per barrel during the morning session.

According to Moneycontrol's November 6 crude oil update, oil prices were recovering after a sharp decline earlier in the week.

Higher oil prices can increase India's import bill and create pressure on inflation, the rupee and business costs. A sustained rise could therefore affect investor sentiment.

What Should Investors Watch Next?

The Nifty and Sensex will continue to respond to foreign investor activity, crude oil prices, global technology stocks and corporate earnings.

The strength of the recent rally will also matter. After several sessions of gains, some profit booking cannot be ruled out.

For now, the Indian market's ability to remain positive during a major global sell-off is an important development. However, investors should remember that global uncertainty and changing oil prices can still influence domestic markets.

This article is for general information only and is not investment advice. Readers should consult a qualified financial adviser before making investment decisions.