Indian stock markets are set for a weak opening on Friday, 6 November 2026, after a sharp sell-off on Wall Street and across Asia overnight. The GIFT Nifty was trading around 24,460, pointing to a lower start after Thursday’s record rally.

What happened overnight

  • Wall Street fell hard: the Nasdaq dropped about 5% and the S&P 500 fell more than 4%, after weak results from chipmaker Qualcomm and worries about slowing spending on AI infrastructure
  • Asia followed: Japan’s Nikkei fell about 5% and South Korea’s Kospi dropped about 7% in morning trade
  • Oil rebounded to near $100 a barrel, adding to the pressure
  • The sell-off came despite the US midterm results, which had lifted Indian markets a day earlier

Where Indian markets stand

  • Sensex closed Thursday at 79,310.01, up 2,009 points (2.6%) — its biggest single-day gain in seven months
  • Nifty 50 closed at 24,536.60, up 576 points (2.4%)
  • Bank Nifty gained 3.33% on Thursday
  • The benchmarks had risen for six sessions in a row before today’s expected pullback
  • Foreign investors (FIIs) were net buyers of Rs 14,974.68 crore on 5 November, while domestic institutions (DIIs) sold Rs 10,444.54 crore

What to watch today

  • Profit-booking: after six straight days of gains, traders may sell to lock in profits
  • The US jobs report: due at 7 PM IST, it could move global markets again
  • Oil prices: Brent crude near $100 a barrel hurts India, which imports most of its oil
  • The rupee: it closed at 94.46 against the dollar on Thursday, near a two-month high

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