Indian stock market started flat on Dhanteras. Sensex was seen trading up by 150 points, while there was a slight decline in Nifty and Bank Nifty. There was buying in IT stocks, but metal and realty sectors remained under pressure.
Business News: Mixed trading was seen in the Indian stock market on Friday, 6 November 2026, the day of Dhanteras. After Thursday's strong rally, investors adopted a cautious approach in the morning. In early trade, the Sensex rose by about 150 points to reach 79,460, while the Nifty fell slightly to around 24,520. There was buying in shares of IT companies, but weakness in banking, metal and realty sectors limited the market's growth.
Sensex rose on Dhanteras, but Nifty showed weakness
The stock market started quieter than expected on Dhanteras before Diwali. On Friday morning, Bombay Stock Exchange's Sensex was seen trading at 79,460.01 with a rise of 150 points or 0.19%. At the same time, Nifty 50 of National Stock Exchange fell by about 16.65 points to reach 24,519.95.
Pressure was also seen in banking shares. Bank Nifty was trading at 57,574.35, down 199.30 points or 0.34%. There was tremendous buying in the market on Thursday. The Sensex rose 2,008.61 points to close at 79,310.01. Nifty also reached 24,536.60 with a gain of 576 points.
After six consecutive trading sessions of gains, investors started booking profits in select stocks on Friday. However, the huge fall in foreign stock markets did not have as much impact on the Indian market as was feared in the morning.
Buying in IT sector, shares of TCS and Infosys rose
In the early trading on Friday, maximum buying was seen in IT companies. Nifty IT index was trading with a gain of around 2.28%. Media sector also registered a slight growth of 0.17%. Shares of Tata Consultancy Services i.e. TCS rose by about 2.32% to Rs 2,553.60. A rise of 2.15% was seen in HCL Technologies and 2.09% in Infosys.
Apart from IT, shares of Mahindra & Mahindra rose 2.29%. Telecom company Bharti Airtel registered a gain of 1.85%. There was overall weakness in the banking sector, but shares of some big private banks remained in the green. HDFC Bank was trading up by around 0.92% and ICICI Bank by 0.67%. Sensex got support from buying in these big shares. However, Nifty could not achieve strong gains due to selling in other sectors.
Hindalco and Shriram Finance shares fall
Maximum pressure was seen in the metal sector on Friday. The Nifty Metal index was trading down around 2.04%. There was a decline of 1.13% in realty sector, 1.15% in PSU bank and about 1.13% decline in oil and gas index. Auto sector also remained weak by 0.34%. Talking about major stocks, Hindalco fell by about 3.56%. Shriram Finance fell 2.81% and Asian Paints fell 2.57%. Bajaj Finance shares were also seen trading down by about 1.99%.
Selling in these shares kept pressure on the market. On one hand, IT companies were pulling the Sensex up, while on the other hand, the market remained volatile due to the weakness of metal and finance companies.
Heavy fall in Asian markets, business had to be stopped in South Korea
Even though there was no major fall in the Indian stock market, many major markets of Asia fell badly on Friday morning. South Korea's KOSPI index fell more than 8% in early trading. The fall was so sharp that the exchange had to halt trading for about 20 minutes by applying circuit breaker. Japan's Nikkei index also went down by about 6%. Taiwan's stock market also saw a decline of more than 8%.
Asian markets were affected by the heavy selling in the American stock market on Thursday. The Nasdaq Composite was down about 5.5% and the S&P 500 was down about 4.4%. There has been increased concern in the US about possible strict regulations on AI companies and huge investments in data centers. Investors fear that the new rules may impact the expansion and future earnings of tech companies.