Sensex opens in red day after 2,000-point spike; rout in global markets
India, Nov. 6 -- Indian equity benchmarks Sensex and Nifty opened in the red on Friday following their six-day winning streak, following a sharp tech selloff in global markets.
Sensex fell 227 points and Nifty opened about 104 points lower, triggered by a global rout in technology stocks and mounting concerns over slowing investments in artificial intelligence infrastructure.
This came after both indexes posted their biggest single-day gains in seven months on Thursday, buoyed by falling crude oil prices and strong foreign fund inflows. Both had gained for six sessions in a row.
The BSE Sensex rallied nearly 2,009 points and the NSE Nifty surged 576 points on Thursday, even as results of the United States midterm elections handed contr...
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