Indian Indices Open Mixed Following Wall Street Technology Sector Sell-Off

Indian benchmark indices opened mixed on Friday, November 6, 2026, as a sharp overnight sell-off on Wall Street dragged Asian markets into a broad risk-off session. The Nifty 50 opened at 24,538.20 and slipped to 24,484.95, down 51.65 points or 0.21 per cent, from its previous close of 24,536.60. The Sensex opened at 79,413.66 and was trading at 79,349.62, up a marginal 39.61 points or 0.05 per cent at 9.18 am, reflecting mixed early trade.

The gap-down start followed a severe technology sell-off on Wall Street, where the Nasdaq tumbled 5.52 per cent, the S&P 500 fell 4.36 per cent, and the Dow Jones Industrial Average lost 3.45 per cent. Market capitalisation amounting to nearly ₹1.3 trillion was erased within 30 minutes of the US market opening. SanDisk fell 15 per cent, AMD dropped 12 per cent, and Tesla shed 10 per cent, alongside selling pressure on Nvidia, TSMC, and Broadcom. The US rout was linked to concerns over tighter regulation of artificial intelligence infrastructure following Democratic gains in the US midterm elections.

Asian markets mirrored the global downward trend. Japan’s Nikkei 225 plunged about 5.9 per cent, nearing bear-market territory after falling roughly 20 per cent from its June peak. South Korea’s Kospi fell more than 8.5 per cent, triggering a circuit breaker that briefly halted trading, while Samsung Electronics and SK Hynix each fell more than 9 per cent. Taiwan’s benchmark index declined 7.5 per cent.

Domestically, Thursday's session had seen buying across financials and auto stocks, with Capital Market and Financial Services indices rallying over 4 per cent, and the Auto index gaining 4.14 per cent. Conversely, the Defence index fell 1.70 per cent. Among Nifty 50 gainers on Thursday, TCS rose 2.38 per cent to ₹2,555, Infosys climbed 2.10 per cent to ₹1,191.90, and HCL Technologies gained 1.99 per cent to ₹1,459. Major losers included Hindalco, which fell 3.93 per cent to ₹901, and Shriram Finance, which dropped 3.11 per cent to ₹934.

Foreign institutional investors have remained net buyers for five consecutive sessions, recording ₹14,975 crore in net equity purchases on November 5 alone. In contrast, domestic institutional investors remained net sellers with outflows of ₹10,444 crore. Analysts note that while the domestic market shows technical resilience supported by FII inflows and consecutive recent gains, caution remains necessary amidst broader global risk aversion and fluctuating commodity prices like Brent crude approaching the $100-per-barrel mark.

"Global market corrections driven by international tech sell-offs invariably create ripples across emerging economies like India. While sustained foreign institutional investor inflows provide a buffer for domestic equities, entrepreneurs and business leaders must monitor macroeconomic shifts closely. Currency fluctuations, commodity pricing such as crude oil approaching $100, and shifting global regulatory landscapes can directly impact input costs, investor sentiment, and capital availability across the broader business ecosystem." — Dr. Shishir Gupta, Founder & CEO, StartupLanes