Indian Markets Recover Amidst Global Volatility, FII Inflows
Indian equity benchmarks, Sensex and Nifty, traded higher today, recovering from early volatility driven by sustained foreign fund inflows and stable crude oil prices.
The Cliff News | 6 November 2026
Indian equity markets, represented by the Sensex and Nifty, experienced a turnaround on Friday, moving from a volatile early session to trade higher. This recovery was primarily attributed to persistent inflows from foreign institutional investors (FIIs) and relatively moderate crude oil prices, which instilled a sense of optimism in the market.
The benchmark BSE Sensex, after a modest start, surged to trade 443.87 points higher at 79,760.10. Similarly, the NSE Nifty climbed 81 points to reach 24,612.85. This upward momentum followed an initial session where the Sensex was up 33 points and the Nifty was down 52.95 points.
Mahindra & Mahindra Leads Gains
Mahindra & Mahindra emerged as a significant gainer, with its stock climbing over 4 per cent. This surge followed the company's announcement of a 25 per cent rise in consolidated profit after tax (PAT) for the second quarter ended September, reaching Rs 4,587.88 crore. Strong revenue growth, particularly in the auto segment, was cited as the key driver, despite challenges posed by commodity price pressures linked to the West Asia conflict.
Other prominent scrips that contributed to the market's upward movement included Titan, HCL Tech, Tata Consultancy Services, Infosys, and Bharti Airtel. Conversely, Asian Paints, Power Grid, Bajaj Finance, and Bharat Electronics were among the notable laggards.
Global Market Cues and Expert Analysis
The global market sentiment on Friday was largely shaped by a significant sell-off in US equity markets on Thursday. The Nasdaq Composite tumbled 5.52 per cent, the S&P 500 dropped 4.36 per cent, and the Dow Jones Industrial Average was down 3.44 per cent. Asian markets also reflected this downturn, with South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng trading lower.
“The blood bath in the US markets will impact most other markets today, but India is likely to be the least impacted,” stated V K Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.
Vijayakumar further explained that the tech rout, specifically the deceleration in AI trade, could prove beneficial for India. He highlighted that FIIs have bought equities worth Rs 35,781 crore in the last five trading days. Despite selling by domestic institutional investors (DIIs), the market is expected to remain resilient due to continued FII buying in the evolving global market construct.
Robust FII Inflows Support Indian Equities
On Thursday, Foreign Institutional Investors (FIIs) demonstrated strong buying interest, purchasing equities worth Rs 14,974.68 crore, according to exchange data. This sustained inflow of foreign capital has been a key factor supporting the Indian equity market's resilience.
In the broader context, Indian markets had witnessed substantial gains in the preceding sessions. On Thursday, the Sensex had surged by 2,008.61 points, closing at 79,310.01, while the Nifty rallied 576 points to end at 24,536.60. Over the past six consecutive sessions, the Sensex had climbed 8.27 per cent and the Nifty had gained 8 per cent, indicating a strong bullish trend prior to Friday's session.
The Brent crude, the global oil benchmark, was trading 2.35 per cent higher at USD 100.6 per barrel, a factor that investors monitor closely for its impact on inflation and corporate costs.