FIIs were net buyers of ₹16,278 crore in equities and ₹3,192 crore in debt as per Nov 06 NSDL data, while turning net sellers of ₹29.71 crore in hybrid.

Q2 FY27 IT results beat subdued expectations with 60% firms beating revenue and 53% beating EBIT margin, but demand recovery is pushed to FY28 amid pricing pressure and AI disruption.

Revenue rose 16.4% to ₹2,075 crore but net profit fell 3.8% to ₹51 crore as EBITDA margin contracted to 11.65% from 13.1%.

Net profit fell 41.9% to ₹108 crore despite revenue rising 11.8% to ₹2,608 crore, as EBITDA margin contracted 80 bps to 19.7%.

FIIs bought a massive ₹45,960 crore across all five sessions, recouping October's ₹45,162 crore selling, while DIIs sold ₹24,197 crore; Sensex jumped 1,718 points to 81,028 and Nifty gained 493 points to 25,030.

LIC reported healthy growth in new business premium and improved VNB margin in Q2 FY27, with CEO Doraiswamy saying IDBI Bank disinvestment is unlikely to impact bancassurance.

The US-led AI sell-off drove ₹45,970 crore of FPI inflows into India in November, spiking Nifty by 8.6% as investors favoured India's non-AI trade status and attractive large-cap valuations.

Revenue grew 15% in H1 and 19% in Q2 with domestic revenues up 30% YoY on strong 4WD axle demand, while EBITDA and PAT grew 8% and 9% respectively.

Experts see Nifty resistance at 25,350–25,800 with support at 24,000–24,400, while Bank Nifty could move towards 59,700–60,200 with support at 57,500–58,300.

Historical data shows Nifty and Sensex gained in 8 of the last 10 Muhurat sessions, with gains generally under 1%, as the special session runs from 2:20 pm to 3:30 pm on November 8.

Sensex opened 250 points higher and Nifty gained 40 points as Samvat 2083 began on a bullish note, with experts saying earnings growth, not valuation expansion, will drive markets going forward.