Indian stock markets traded mixed on Friday, 6 November 2026, as the domestic market remained relatively resilient despite a sharp sell-off across global markets. At 10:42 AM IST, the Sensex rose 0.6% to 79,813, while the Nifty 50 gained 0.3% to 24,632.10. Gains in IT stocks supported the Sensex, but weakness in broader markets and rising global risk aversion are the key factors that kept investors cautious.

1. Indian Markets Remain Resilient Despite Global Sell-Off

Asian markets faced heavy selling after a sharp fall on Wall Street, driven by concerns about high valuations in AI and technology stocks. Japan’s Nikkei and South Korea’s Kospi saw steep declines. However, Indian benchmark indices showed greater resilience, supported by recent foreign investor inflows and the relatively lower exposure of the domestic market to AI-related stocks.

2. IT Stocks Attract Buying

The Nifty IT index rose around 1.7% in early trade, with TCS, Infosys and HCL Technologies among the gainers. The sector benefited as investors shifted their focus away from some global AI-linked stocks towards Indian technology companies. IT stocks helped limit losses in the broader market.

3. Foreign Investor Buying Supports Sentiment

Foreign institutional investors have returned to Indian equities in recent sessions. Reuters reported that foreign investors purchased about Rs 15,000 crore worth of Indian shares on Thursday, marking their largest single-day net investment in nearly six years. The strong inflows have provided important support after a prolonged period of foreign selling.

4. Crude Oil Prices Remain an Important Factor

Brent crude recovered towards the $100 per barrel mark after its sharp fall earlier in the week. While oil prices remain below their recent highs, the rebound could bring inflation concerns back into focus. Lower crude prices generally benefit India by reducing the import bill and easing pressure on inflation and the rupee.

5. Broader Markets See Profit Booking

The recent six-session rally has encouraged some investors to book profits. Mid-cap and small-cap indices traded lower in early deals, indicating weaker market participation. The India VIX also moved higher, reflecting increased caution following the global market sell-off.

Key Technical Analysis

Sensex Technical Outlook

The Sensex is holding near the 79,300 level after Thursday’s sharp rally. The 79,000 zone may provide immediate support, while 79,800 to 80,000 could act as the next resistance area. Holding above 79,000 would help maintain the positive short-term trend.

Nifty 50 Technical Outlook

The Nifty 50 is trading near 24,500 after crossing this level in the previous session. Immediate support is around 24,300 to 24,200, while 24,700 to 25,000 could act as the next resistance zone. The index will need sustained buying to extend its recent rally.

Bank Nifty Technical Outlook

Bank Nifty remains important for the broader market’s direction following strong gains in financial stocks during the recent rally. The index may face some profit booking after the sharp advance. Investors should watch whether banking stocks continue to attract foreign buying, as this could help maintain the market’s positive momentum.

Today’s Key Takeaway

Indian markets are showing resilience despite a sharp global sell-off, supported by IT stocks and renewed foreign investor buying. However, profit booking in broader markets, rising volatility and the rebound in crude oil prices are keeping sentiment cautious. The market’s ability to hold above key support levels will determine whether the recent six-session rally can continue.

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