Sensex Reclaims 81,200 as Nifty Extends Gains to Seventh Session (6 Nov)
- Sensex rose 1,926.89 points to reach 81,236.90 on November 6.
- Foreign institutional investors have net purchased over Rs 35,781 crore in recent sessions.
- Motilal Oswal raised Nifty EPS estimates for FY27 and FY28.
- Brent crude prices are trending toward a weekly decline of over 11%.
- Mahindra & Mahindra shares surged 4% following a 25% year-on-year profit increase.
Indian benchmark indices, the Sensex and Nifty 50, recorded their seventh consecutive session of gains on Friday, November 6, 2026.
By 3:38 pm IST, the index stood at ₹81,236.90, an increase of 1,926.89 points or 2.43 percent from its previous close of ₹79,310.01. The NSE Nifty 50, a benchmark for the National Stock Exchange, advanced 303.3 points, or 1.23 percent, to reach 24,839.90.
BSE market capitalization reaches Rs 4.98 lakh crore
The total market capitalization of companies listed on the Bombay Stock Exchange reached ₹4,98,25,288.58 crore on November 6, 2026.
This figure represents the total valuation of all companies currently trading on the exchange.
Foreign institutional investors drive market liquidity
Foreign institutional investors (FIIs) have increased buying in Indian equities.
These investors were net buyers of shares worth ₹13,801.83 crore on November 5, while domestic institutional investors recorded net selling of ₹10,107.11 crore.
In the session prior to November 6, foreign institutional investors purchased equities worth ₹14,974.68 crore.
Motilal Oswal upgrades Nifty earnings per share estimates
Motilal Oswal Financial Services raised its Nifty earnings per share estimate for the 2027 fiscal year by 1.1 percent to ₹1,247.
These revisions follow strong corporate results reported by companies in the brokerage's coverage universe.
These figures exceeded the brokerage's earlier estimates of 19 percent, 14 percent, and 19 percent respectively. Among 35 Nifty companies that announced results by October 31, earnings grew 22 percent year-on-year, surpassing the brokerage's estimate of 20 percent.
Mahindra & Mahindra leads gains amid sectoral performance
Along with Titan and ICICI Bank, M&M was a top gainer among Sensex constituents.
Power Grid Corporation, Bharat Electronics, and Asian Paints were the top losers on the Sensex on November 6.
Financials, metals, and oil and gas sectors were the primary contributors to earnings growth, ndtvprofit.com reported.
Kitco.com reported on November 4 that AMD shares jumped 6.2% after the company provided a forecast for faster-than-expected growth in 2027. Other chip stocks including Nvidia, Micron Technology, and Broadcom also saw gains.
Brent crude prices track toward 11% weekly decline
The decline in crude oil prices supports India's macroeconomic outlook due to the country's import dependence, ndtvprofit.com reported.
US midterm election results influence global market sentiment
Democrats gained control of both the US House and Senate in the midterm elections.
US stock futures rose on November 4, 2026, reversing earlier losses that had seen Nasdaq-100 futures fall by 2.4% and S&P 500 futures decline by 1.4%. These gains followed a decline on November 3, when the Dow Jones Industrial Average fell 0.6% and the S&P 500 rose 0.2%.
Market volatility continued on November 5, when the Nasdaq Composite fell 5.5% and the S&P 500 declined 4.4%.
Solar energy stocks rose on November 4, with First Solar increasing 8.1%, Canadian Solar 7%, and SolarEdge Technologies 3%. Data center-related companies including IREN, Hut 8, Applied Digital, Neoclouds Nebius, and CoreWeave traded lower in premarket activity on November 4, while Tesla and SpaceX shares each fell approximately 4%. The Nasdaq-100 index entered a technical correction on November 2, amid investor concern regarding high AI spending.
Global markets fluctuated as investors considered the potential for higher taxes and increased oversight of AI and cryptocurrencies. Aidan Yao of the Amundi Investment Institute stated that potential restrictions on the AI industry could create uncertainty for the US economic outlook, inflation, and monetary policy. Daniela Hathorn of Capital.com said this acknowledgement helped alleviate concerns regarding prolonged political gridlock. Yields on long-dated US Treasuries moved lower on November 4 as investors considered the impact of political gridlock on the country's fiscal situation.
Frequently Asked Questions
- Why Is Stock Market Rising Today? Sensex Reclaims 80,000, Nifty Nears 24,700: 4 Reasons Explained BSE Sensex today Q2 earnings midcap banks (ndtvprofit.com)
- Stock market today: Dow, S&P 500, Nasdaq futures whipsaw after Democrats take control of House, Senate - Yahoo Finance (finance.yahoo.com)
- Stocks surged and oil prices fell as markets responded to the midterm rout - The Washington Post (washingtonpost.com)
- JD Vance Reveals 4 Major Reasons Republicans Faced Stunning Midterm Defeat - Newsweek (newsweek.com)
- Stock Market Today: Dow Slides 300 Points On Election Day; Apple, Palantir Dive On Earnings (Live Coverage) - Investor's Business Daily (investors.com)
- US stock futures rise as investors assess Democrats' midterm sweep - Kitco (kitco.com)
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