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Wall Street faced a dramatic selloff with technology stocks plummeting due to growing concerns about artificial intelligence spending. Investors reevaluated popular AI-related trades after midterm election results suggested potential tougher scrutiny in the industry. The Nasdaq dropped more than 5%, marking its worst session in 18 months and entering correction territory. The selloff spread to Asian markets, leading to declines in Japan's Nikkei and South Korea's Kospi.
Stock market recommendations: APL Apollo Tubes, Lenskart, and Anthem Biosciences Limited - Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One has identified these as the top stocks to buy today on November 6, 2026.
Crude oil prices are on the upswing following major declines fueled by geopolitical tensions. Brent crude approaches the $100 per barrel threshold, while WTI records similar gains. Ongoing conflicts in the Middle East have disrupted refinery operations, leading to a notable drop in global refining activities, especially in Asia and Russia. However, the US has successfully ramped up refining inputs to mitigate worldwide shortages.
Asian equity markets witnessed drastic downturns, with Taiwan and South Korea hit the hardest in the trading frenzy. This sell-off arose from growing apprehensions about AI investments, particularly in semiconductors. Wall Street also saw an alarming plunge, wiping out $2.5 trillion in a single day. Consequently, major tech companies faced sharp declines in stock value across regions, as concerns over data centre expansion dampened global investor enthusiasm for technology equities.
In November 2026, Indian banks will take several days off to celebrate Diwali and various regional festivals. Banks will close their doors on November 9, 10, and 11 across different states, each holiday showcasing the unique cultural significance of the festivities. Customers are encouraged to review the holiday schedule for efficient banking planning. However, digital banking services will still be operational for everyday transactions.
Gold price prediction today: Gold is witnessing profit booking after its recent rally. Sustaining above Rs 1,41,300 could help stabilise prices, while a break below this level may extend the correction towards Rs 1,40,337 and Rs 1,39,378. On the upside, Rs 1,42,425 remains the immediate hurdle, followed by Rs 1,44,500.