Stock Market Today (November 6): Sensex, Nifty Under Pressure As Global Markets Tumble On AI Sell-Off
\n\nBoth the Nifty and the Sensex began the trading day on a weak note. The Nifty fell over 100 points and opened at 24,538.20 and the Sensex fell over 150 points and opened at 79,413.66. However the benchmark indices soon recovered, with the Sensex jumping over 500 points in early trade after a muted opening due to the AI sell-off in global markets. The Indian rupee opened at 94.49 to the dollar versus Thursday's close of 94.48 to the dollar. Crude oil prices bounced back and Brent crude traded near 100 dollars per barrel (at the time of filing this copy). Crude oil prices spiked as investors reassessed the outlook for the US-Israel war with Iran while new attacks on tankers heightened worries about oil supplies.
\n\nDr. Jaijit Bhattacharya, President, C-DEP Research told Times Now Digital, "the global market sell-off reflects growing investor concerns over the future regulatory environment for artificial intelligence in the United States. A Democratic sweep in the midterm elections could lead to greater congressional scrutiny of Big Tech, particularly around AI governance, data centre energy consumption, competition policy and the…
Original source: https://www.timesnownews.com/business-economy
