Our pre market report today shows that early cues point to a lower start for Indian shares on Friday, 6 November 2026. GIFT Nifty traded between 24,424.50 and 24,465 from 7:40 AM to 8:11 AM IST, about 70 to 110 points below the Nifty 50 close of 24,536.60, after the Nasdaq Composite fell 5.52% overnight and Asian markets slumped. FIIs, however, bought a net Rs 14,974.68 crore in cash on Thursday.
Key Takeaways
- GIFT Nifty was near 24,425 to 24,465 this morning, roughly 0.3% to 0.5% below the 5 November Nifty close.
- On 5 November, FIIs bought a net Rs 14,974.68 crore in cash while DIIs sold a net Rs 10,444.54 crore.
- The Nasdaq fell 5.52%, the S&P 500 lost 4.36% and the Dow dropped 1,833.06 points (3.44%) as chip and AI stocks were sold.
- Asia is weak: the Nikkei is down about 6% or more and the Kospi fell 7% to 9%, triggering a circuit breaker.
- Brent crude was close to $99 a barrel this morning, up from about $96 during Thursday’s Indian session.
Market Snapshot
| Indicator | Latest | Change | Source time |
|---|---|---|---|
| GIFT Nifty | about 24,425 to 24,465 | about -0.3% to -0.5% vs Nifty close | 7:40 to 8:11 AM IST, 6 Nov |
| Nifty 50 (previous close) | 24,536.60 | +576.00 (+2.40%) | Close, 5 Nov |
| Bank Nifty (previous close) | 57,773.65 | +1,860.05 (+3.33%) | Close, 5 Nov |
| Dow Jones | 51,523.06 | -3.44% | US close, 5 Nov |
| S&P 500 | 7,353.73 | -4.36% | US close, 5 Nov |
| Nasdaq Composite | 24,315.00 | -5.52% | US close, 5 Nov |
| Nikkei 225 | about 57,271 | about -6% to -8% | Morning, 6 Nov |
| Hang Seng | about 24,404 at open | about -1.3% to -1.6% | Morning, 6 Nov |
| Kospi | about 5,000 | about -7% to -9% | Morning, 6 Nov |
| Brent crude | about $98.3 to $99.4 | Higher | Morning, 6 Nov |
| US Dollar Index | about 101.5 to 101.6 | Nearly flat | 5 Nov |
| USD/INR | 94.46 | Unchanged | Close, 5 Nov |
| US 10-year yield | about 4.84% | Down about 6 basis points | US close, 5 Nov |
FII DII Data and Market Setup
Provisional NSE figures for 5 November 2026 show FIIs bought Rs 14,974.68 crore net in the cash market, their fifth straight day of buying and the largest daily figure in our records, which go back to May 2026. Over those five sessions (30 October to 5 November), FII net purchases add up to about Rs 35,830 crore. DIIs sold a net Rs 10,444.54 crore, their fifth straight day of net selling, as domestic funds booked profit into the rally. Daily rows are on our FII DII data today page.
The latest stored FII Market Setup, for 4 November, reads Strong Buying. This label means FIIs were buyers in cash and also added net long positions in index futures on the same day (a net change of +16,778 contracts). When both point the same way, foreign investors are backing the move with fresh positions.
The wider window is still mixed. Across the 30 sessions from 22 September to 4 November, FIIs sold a net Rs 64,299 crore and DIIs bought Rs 91,169 crore, a DII absorption of 142%. FIIs sold on 20 of those 30 days, so the recent buying is a sharp turn rather than a settled trend. You can follow the full history on our FII and DII data dashboard and compare flows with the index on the FII flow vs Nifty chart.
Global Cues
Wall Street gave back its post-election gains on Thursday. Chip and AI stocks led the fall after investors weighed whether the Democratic wins in the US midterms could bring tighter rules on AI and data centre projects. Nvidia fell about 9%, and the S&P 500 had its worst day since April 2025. The 10-year Treasury yield slipped to about 4.84%.
Asia followed lower this morning. South Korea’s Kospi fell sharply enough to trigger a circuit breaker and Japan’s Nikkei lost around 6% or more. Hong Kong’s Hang Seng opened about 392 points lower. Brent crude climbed back toward $99 after reports of fresh tanker attacks in West Asia, which adds pressure on India’s import bill. The rupee ended flat at 94.46 per dollar on Thursday.
Nifty and Bank Nifty Levels to Watch
These are objective reference points from recent sessions, not trading calls.
- Nifty 50: previous close 24,536.60; 5 November day high 24,579; 4 November close 23,960.60; round numbers 24,500 and 24,000.
- Bank Nifty: previous close 57,773.65; 5 November day high 57,847; 4 November close 55,913.60; round numbers 57,500 and 58,000.
Events Today
- Results: Hindalco Industries, a Nifty 50 company, reports September-quarter results today. Siemens, Bosch, Voltas, Jubilant FoodWorks, Gland Pharma and Nuvama Wealth Management are also on the list (Business Standard, Upstox).
- Expiry and holidays: there is no Nifty expiry today. The next weekly Nifty expiry is on Monday, 9 November, as markets are shut on Tuesday, 10 November for Diwali Balipratipada. Muhurat Trading runs on Sunday, 8 November, from 2:20 PM to 3:30 PM. See the FII DII calendar for details.
The Bottom Line
The cues indicate a softer open after Nifty’s 2.4% jump on Thursday, mainly because of the US tech rout, the slide across Asia and oil near $99. The fall in GIFT Nifty is modest next to the moves in Seoul and Tokyo, and five days of heavy FII buying give some support, so the size of any dip is uncertain. Watch IT and metal stocks at the open and today’s provisional FII data, due around 6 PM IST.
Sources: Upstox pre-market; Business Standard; Business Today; Fox Business; Stocktitan; JournalArta; Capp Notes; AP via KSAT; Dimsum Daily; HDFC Sky (rupee); Liquide; Upstox stocks to watch; 5paisa FII DII data; FII/DII history and Market Setup from NSE provisional data as stored on FIIAndDIIData.com.
Disclaimer: This report is for educational purposes only and is not investment advice. FIIAndDIIData.com is not a SEBI-registered adviser.
