Indian benchmark indices are likely to see a strong opening on November 5, tracking GIFT Nifty, which is trading higher by 316 points at 24,313.50 in early trade.
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Indian equity benchmarks extended their winning streak to a fifth consecutive session on November 4, supported by a sustained decline in crude oil prices, renewed foreign fund inflows and strong domestic earnings. However, weak global cues and uncertainty surrounding the US midterm election outcome kept investors cautious.
At close, the Sensex was up 383.55 points or 0.50 percent at 77,301.40, and the Nifty was up 149.75 points or 0.63 percent at 23,960.60.
GIFT Nifty was trading firm at around 24,313.50 in early trade, indicating a strong start for the domestic equity markets.