Indian stock markets set for muted open after global sell-off

Indian stock markets are expected to open lower on Friday, November 6, 2026, as GIFT Nifty traded around 24,440, down 159 points, signaling a muted start. This follows a sharp sell-off on Wall Street and weak Asian market cues. On Thursday, the Sensex rallied 2,008.61 points to close at 79,310.01, while the Nifty 50 advanced 576 points to 24,536.60, extending a six-session winning streak. Analysts maintain a positive bias but warn of potential profit booking due to overbought conditions, with key support at 24,200 and resistance at 24,800. US markets suffered their worst session since April 2025, with the Dow plunging over 1,800 points, the Nasdaq falling 5.5% into correction territory, and the S&P 500 dropping 4.4%. South Korea's KOSPI triggered a circuit breaker after plunging 8.6%, while Japan's Nikkei fell over 6% and Taiwan's Taiex dropped 24% in a month.