Stock market prediction for Wednesday, 4 November, 2026: The Indian stock market is likely to open on a negative note, snapping four days winning streak, as GIFT Nifty signalled a weak opening on Wednesday, 4 November.
Meanwhile, Asian markets traded mixed on Wednesday, while US stock futures also closed on a mixed note amid midterm elections 2026.
“Indian equities may see some consolidation after a sharp four-session rally, with investors likely to lock in profits as the market assesses the sustainability of the recent rebound. However, softer crude oil prices and signs of improving foreign investor participation are providing a more supportive backdrop. WTI crude has stabilised around $96–$97 a barrel, offering some relief from energy-cost pressures and partly easing concerns over imported inflation and India’s external balances,” said Ponmudi R, CEO of Enrich Money.
Benchmark indices Sensex and Nifty extended their winning run for the fourth consecutive session on Tuesday, closing nearly 2% higher. The rally was supported by a decline in crude oil prices from their recent peaks and a fresh wave of foreign fund inflows.
The 30-share BSE Sensex surged 1,225.07 points, or 1.62%, to settle at 76,917.85, its highest level of the day. Similarly, the 50-share NSE Nifty advanced 370.05 points, or 1.58%, to close at 23,810.85, also marking its intraday high.