Indian Stock Market Defies Global Trends: Sensex Surges Over 1,700 Points!

In a surprising turn of events, the Indian stock market has shown remarkable resilience, with the Sensex climbing 1,718 points despite a global market downturn. This rally marks the seventh consecutive day of gains, driven by strong foreign fund inflows and a decline in crude oil prices. Notably, Mahindra & Mahindra reported a significant profit increase, contributing to the positive sentiment. While other global markets faced declines, Indian equities are being viewed as a safe haven. Read on to explore the details of this market surge and its implications.

By Narendra Chaudhary Nov 6, 2026, 16:33 IST

Mumbai's Stock Market Soars Amid Global Declines

Mumbai: The benchmark indices experienced a remarkable rally for the seventh consecutive day on Friday, with the Sensex soaring by 1,718 points, while the Nifty reclaimed the 25,000 mark. This surge was fueled by ongoing foreign investments and a drop in crude oil prices, which lifted investor sentiment.

The BSE Sensex, comprising 30 stocks, surged by 1,718.01 points, equivalent to a 2.17% increase, closing at a peak of 81,028.02.

Similarly, the NSE Nifty rose by 493.75 points, or 2.01%, finishing at 25,030.35.

Among the top performers in the Sensex, Mahindra & Mahindra saw a significant increase of 6.15% after announcing a 25% rise in consolidated profit after tax (PAT) for the second quarter, amounting to Rs 4,587.88 crore, driven by robust revenue growth in the automotive sector despite challenges from commodity price fluctuations linked to the West Asia conflict.

Other notable gainers included ICICI Bank, HDFC Bank, Titan, Axis Bank, and Kotak Mahindra Bank.

Power Grid was the only stock that did not perform well within the blue-chip group.

Over the past week, the Sensex has surged by 7,781.99 points, marking a 10.62% increase, while the Nifty has risen by 2,331.5 points, or 10.27%.

On Thursday, the Sensex had already jumped by 2,008.61 points, or 2.60%, closing at 79,310.01, while the Nifty increased by 576 points, or 2.40%, to finish at 24,536.60.

Brent crude oil, a global benchmark, fell by 1.50% to USD 96.82 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 14,974.68 crore on Thursday.

In Asian markets, South Korea's Kospi plummeted by 6.02%, and Japan's Nikkei 225 index dropped by 5.96%. The Shanghai Composite and Hong Kong's Hang Seng indices also closed over 1% lower.

European markets were also trading in the red.

On Thursday, US stock markets faced significant declines, with the Nasdaq Composite falling by 5.52%, the S&P 500 dropping by 4.36%, and the Dow Jones Industrial Average decreasing by 3.44%.

"Indian equities have managed to withstand a global downturn, continuing their upward trend as investors view the domestic market as a relatively safe option amid international instability. Wall Street faced a severe tech sell-off as investors considered the likelihood of stricter regulations under a Democratic administration," stated Vinod Nair, Head of Research at Geojit Investments Ltd.