Stock market prediction for Thursday, 5 November, 2026: The Indian stock market is likely to witness a strong start today as GIFT Nifty signalled a positive opening on Thursday, 5 November.
Meanwhile, Asian markets opened on a mixed note on Thursday, tracking a sharp rally on Wall Street after Democrats secured a sweeping victory in the US midterm elections.
“Indian equity markets are poised for a strong opening on Thursday, with sentiment receiving a boost from a sharp retreat in international crude oil prices. GIFT Nifty is trading around 24,305, up 355 points, or 1.48%, signalling the possibility of a substantial gap-up opening for the domestic benchmarks. The sharp advance reflects improving global risk sentiment, supported by lower crude prices and renewed institutional buying. However, the ability of the benchmarks to sustain these gains beyond the opening trades will be crucial in determining whether the positive momentum can translate into a broader upward move,” said Ponmudi R, CEO of Enrich Money.
Indian equity benchmarks extended their winning streak to a fifth consecutive session on Wednesday, supported by buying in heavyweight financial, FMCG and automobile stocks. Positive sentiment was further bolstered by foreign fund inflows and a decline in crude oil prices. The Sensex advanced nearly 384 points to close above the 77,000 mark.
The 30-share BSE Sensex gained 383.55 points, or 0.50%, to settle at 77,301.40, marking its highest closing level in more than two months. During the session, the index climbed as much as 478.19 points, or 0.62%, to touch an intraday high of 77,396.04. The NSE Nifty 50 also maintained its upward momentum, rising 149.75 points, or 0.63%, to close at 23,960.60.