The Indian stock market witnessed an upward trend for the seventh consecutive day. On November 6, the Sensex surged by 700 points, or 0.90 percent, to cross the 80,000 mark.

Alongside, the Nifty closed up by 150 points, or 0.60 percent, at the 24,700 level. Between October 28 and November 6, the share market registered a surge of over 8 percent.

Foreign investment and global market trends

Foreign Institutional Investors (FIIs) invested a total of Rs 32,210 crore over the past seven days. During this period, declines were observed in other Asian markets, where the markets of Korea and Japan fell by 6 percent, and the US market dropped by nearly 5 percent.

Market outlook and profit booking

Following the market reaching higher levels, the possibility of domestic investors selling shares for profit booking has been expressed. Additionally, expectations of further recovery in largecap stocks have also been voiced.