Nifty, Sensex escape Wall Street, Asia rout that wipes out over $2 trillion; IT stocks rally; here's why
Business Today 1 hr ago·6 Nov 2026, 4:18 am
Global markets faced a severe downturn on Monday, with major indices in the US and Asia falling sharply. This volatility wiped out over $2 trillion in global market value, causing significant stress across various sectors. Despite this widespread weakness, India's key benchmark indices, Nifty 50 and Sensex, managed to avoid the worst of the losses and ended the session in the green.
The resilience of the Indian market can be largely attributed to the strong performance of the IT sector. As global markets struggled, IT stocks rallied, providing crucial support to the benchmarks. This divergence highlights the relative strength of the Indian economy and the global demand for its IT services.
Investors should keep a close watch on the upcoming US Federal Reserve meeting. Any signals regarding interest rate cuts could significantly influence global risk appetite and, consequently, the performance of Indian equities in the coming days.
Excerpt from Business Today
The BSE Sensex was quoting at 79,460.30, up 150.29 points or 0.19 per cent. Nifty was down 20.50 points, or 0.08 per cent, at 24,516.10. Indian benchmarks Nifty and Sensex were trading in positive territory on Friday, even as the AI-led global selloff wiped out over $2 trillion from Wall Street alone, amid hopes of a…Read the original at Business Today
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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