Sensex reclaims 80,000 after March; Nifty tops 24,700 despite global tech rout

The BSE Sensex reclaimed the 80,000 mark on November 6, 2026, reaching an intraday high of 80,080.59 before settling at 80,027.74, marking a 0.90% increase from its previous close of 79,310.01. The Nifty 50 index also rose, closing at 24,698, a 0.66% increase from 24,536.60. This rally occurred despite a significant decline in global tech stocks, with the Nasdaq down 5.52%, S&P 500 falling 4.36%, and Dow Jones slipping 3.45%, driven by a broad sell-off of AI and semiconductor trades following Democratic gains in the US midterm elections.

Asian markets, particularly Japan's Nikkei 225 and South Korea's Kospi, suffered notable losses, with Nikkei down 5.9% and Kospi falling over 8.5%, triggering a circuit breaker. Indian markets remained resilient due to a stronger rupee, lower crude oil prices, and continued foreign institutional investor buying. The USD/INR pair weakened to 94.40, its lowest level in six days, supported by RBI measures to curb speculation and a weaker US dollar.

WTI crude oil rose to near $92 per barrel, while MCX crude opened at ₹8,665 and traded around ₹8,700, up 1.7%. Despite global volatility, Indian stocks, particularly the banking and financial sectors, benefited from a firmer rupee and sustained buying.