Sensex Soars 1,700 Pts as FIIs Fuel Festive Rally

ICICIBANK Indian stock markets surged sharply today, November 6 2026, with the Sensex closing up 1,718 points at 81,028 and the Nifty crossing 25,000 for the first time since February. The rally was fueled by heavy foreign fund inflows, strong bank earnings, and India’s relative insulation from the global tech sell‑off. 📈 Why the Market Is Rising So Much Massive Foreign Institutional Investor (FII) Buying FIIs purchased ₹14,974 crore worth of equities on Thursday — the largest single‑day inflow in nearly six years. Over the past five sessions, net foreign buying totaled ₹35,781 crore, signaling renewed confidence in India’s fundamentals. Banking and Financial Stocks Leading the Rally ICICI Bank, HDFC Bank, !Axis Bank, and M&M gained between 3–6 %, driving the Sensex higher. The Nifty Private Bank index outperformed all sectors, benefiting from strong liquidity and attractive valuations. India Seen as a Safe Haven Amid Global Turmoil Global markets fell sharply after a Wall Street tech rout (Nasdaq −5.5 %, S&P 500 −4.4 %), but India’s limited exposure to AI‑linked stocks and steady domestic demand helped it buck the trend. Analysts noted that India’s economy remains resilient, supported by stable crude prices and easing U.S. Treasury yields. Strong Corporate Earnings Companies such as Mahindra & Mahindra (+6 %), Titan (+3 %), and Infosys (+3 %) posted better‑than‑expected Q2 results, boosting sentiment. The Nifty 50 recorded its best weekly performance in five years, up 8.6 % week‑on‑week. Technical Breakout and Festive Optimism The Nifty decisively broke resistance at 24,700–24,800, forming a “long bull candle” on charts — a sign of sustained momentum. Traders expect further upside toward 25,500 in the near term, supported by Diwali‑week optimism and Muhurat Trading on November 8.