Global cues: FIIs buy for 5th day, Asian markets slump

Indian benchmark indices are expected to open lower on November 6, with GIFT Nifty trading down 188 points at 24,410.50, following a sharp decline in Asian markets and a post-election rout in global chipmakers. The previous session saw the Sensex surge 2.60% and Nifty 2.40%, marking a sixth consecutive day of gains, the longest rally since November 2025. Foreign institutional investors bought equities worth Rs 14,974 crore, while domestic institutions sold Rs 10,444 crore. Asian markets slumped, with South Korea's Kospi falling 8.8% and Japan's Nikkei dropping 6.4%, amid concerns over tighter AI regulation. US stocks also fell sharply, with the Nasdaq confirming a correction, while oil prices rebounded but remained on track for a weekly loss.