Curated by Gurdeep Singh, Amritsar, Punjab
Updated: November 6, 2026, 4:51 p.m. IST
Indian equity benchmarks closed sharply higher on Friday, extending their winning streak to seven consecutive sessions and ending at their highest levels in more than eight months. The BSE Sensex settled at 81,028.02, rising 1,718.01 points or 2.17%. The NSE Nifty 50 closed at 25,030.35, gaining 493.75 points or 2.01%.
The advance came despite a steep sell-off in technology shares across major global markets. Indian equities showed greater resilience than several regional markets, supported by renewed foreign investor participation, easing crude prices earlier in the week and gains in heavyweight financial companies. The two benchmarks also recorded their strongest weekly advances since February 2021.
Friday’s closing levels
- BSE Sensex: 81,028.02, up 1,718.01 points or 2.17%.
- NSE Nifty 50: 25,030.35, up 493.75 points or 2.01%.
- Market trend: both benchmarks advanced for a seventh consecutive session.
- Weekly performance: the Sensex gained about 8.8%, while the Nifty rose about 8.6%.
Why Indian markets held firm
The global backdrop remained unsettled. A sharp overnight decline in US technology shares, driven by concerns about the returns on heavy artificial-intelligence infrastructure spending, weighed on technology-heavy Asian markets. South Korea’s Kospi and Japan’s Nikkei each fell around 6% on Friday, while Taiwan’s market also recorded a steep decline.
Indian benchmarks moved in the opposite direction. Their relatively limited exposure to semiconductor manufacturing and capital-intensive AI hardware helped cushion the regional sell-off. Financial stocks were an important source of support: the sector gained 10.4% over the week, while private banks rose 9.1%. HDFC Bank and ICICI Bank advanced 13.8% and 12.4%, respectively, during the week.
The broader market also participated in the weekly advance. Mid-cap shares rose 5.8% and small-cap shares gained 2.8% over the week. All 16 major sectors recorded weekly gains, indicating that the rally extended beyond the two headline indices, even though individual sessions and stocks varied.
Foreign investment and crude oil remain important factors
Foreign institutional investors bought shares worth about ₹15,000 crore on Thursday, November 5, according to Reuters, marking their largest single-day net purchase in nearly six years. The buying followed a period of heavy foreign outflows and helped improve sentiment towards Indian equities.
The decline in crude oil prices earlier in the week also supported the market. Lower oil prices can ease pressure on India’s import bill, inflation outlook and operating costs for oil-sensitive businesses. However, crude prices and overseas market volatility remain important risks for domestic investors.
What investors may watch next
Investors will look for signs that foreign buying continues, monitor the next round of corporate earnings and track movements in crude oil and global technology shares. The seven-session advance and strong weekly performance have improved market sentiment, but they do not remove the possibility of short-term volatility after a sharp rally.
Friday’s close marked a strong week for Indian equities. The key test ahead will be whether earnings, institutional flows and participation across market segments can support the gains in the sessions to come.
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