Indices trade sideways in early trade; breadth weak
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 159.10 points or 0.19% to 79,436.11. The Nifty 50 index rose 16.20 points or 0.07% to 24,523.20.
In the broader market, the BSE 150 MidCap Index declined 1.21% and the BSE 250 SmallCap Index fell 1.48%.
The market breadth was weak. On the BSE, 1,016 shares rose and 2,183 shares fell. A total of 182 shares were unchanged.
FPIs bought shares worth Rs 22,349.91 crore in November through 5 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.
Stocks in Spotlight:
Bharti Airtel rose 1.49% after the company reported a 32.58% to Rs 9,004.47 crore in Q2 FY27 compared with Rs 6791.70 crore in Q2 FY26. Revenue from operations climbed 16.75% YoY to Rs 60,877.5 crore in Q2 FY27
ONGC fell 1.04%. The company reported a 56% jump in consolidated net profit to Rs 16,824.82 crore in Q2 FY27 compared with Rs 10,785.02 crore in Q2 FY26. Revenue from operations climbed 25.55% YoY to Rs 1,98,263.33 crore in Q2 FY27.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.67% to 7.217 compared with the previous session close of 7.192.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.3650 compared with its close of 94.4100 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement declined 1.35% to Rs 1,42,150.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.16% to 101.75.
The United States 10-year bond yield rose 0.19% to 4.839.
In the commodities market, Brent crude for December 2026 settlement declined $2.35 or 2.39% to $100.64 a barrel.
Global Markets:
Dow futures fell 319 points, signalling a weak opening for US stocks.
Asian market came under heavy selling pressure on Friday, 06 November 2026, as a sharp sell-off in US technology and semiconductor stocks spread across the region. Concerns over tighter regulation of artificial intelligence (AI) infrastructure and a potential slowdown in data-centre investments weighed on investor sentiment. South Korea's Kospi plunged more than 4%, while Japan's Nikkei 225 dropped over 5%.
US market suffered their steepest sell-off in more than a year on Thursday, with technology and AI-linked stocks leading the decline. The S&P 500 tumbled 4.36% to 7,353.73, its biggest one-day fall since April 2025. The Dow Jones Industrial Average dropped 1,833 points, or 3.44%, to 51,523.06, while the Nasdaq Composite plunged 5.52% to 24,315.
The Nasdaq's decline pushed the index more than 10% below its October record, placing it in correction territory. The sell-off followed concerns that Democratic victories in the US midterm elections could lead to tighter scrutiny of data-centre construction and AI infrastructure spending. Investors also reassessed valuations of companies that had benefited from the AI investment boom.
Semiconductor stocks led the losses. Nvidia fell more than 9%, while Qualcomm dropped 9% after its fourth-quarter smartphone chip sales outlook missed estimates. Sandisk declined 22.3%, Lumentum lost 18.7% and Micron Technology fell 17.5%. AppLovin bucked the trend, rising around 31% after reporting stronger-than-expected quarterly profit.
Crude oil prices recovered on Thursday after the previous session's steep decline. Brent crude futures settled at $98.29 a barrel, up 3.88%.
Investors will focus on the US October employment report, scheduled for release on Friday. The data could influence expectations for the Federal Reserve's interest-rate trajectory.
Comments from Federal Reserve officials on inflation and interest rates will also remain in focus. Cleveland Fed President Beth Hammack said interest rates need to remain restrictive to bring inflation back to the central bank's target.
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