Stock market prediction for Tuesday, 3 November, 2026: The Indian stock market is expected to open higher for the second consecutive session on Monday, November 2, as GIFT Nifty signals a positive gap-up start. The upbeat outlook follows sharp gains in both benchmark indices in the previous session.
Meanwhile, Asian markets traded mixed on Tuesday, while US stock futures witnessed a significant downturn after starting off on a strong note on Monday.
“Indian equity markets are likely to extend their recovery after the strong rebound in the previous session, with easing crude oil prices, amid hopes of a de-escalation in the Middle East conflict, providing additional support to investor sentiment. However, the sustainability of the recovery will depend on global market cues, further progress in U.S.–Iran negotiations and the broader direction of investor sentiment,” said Ponmudi R, CEO of Enrich Money.
Benchmark indices Sensex and Nifty extended their gains for the third consecutive session on Monday, with the Sensex surging over 1,200 points to its highest level in more than seven weeks. The rally was supported by strong buying in Reliance Industries following its earnings announcement, along with a decline in crude oil prices. The Nifty also closed above the 23,400 mark.
The 30-share BSE Sensex jumped 1,233.25 points, or 1.66%, to settle at 75,692.78, its highest closing level since September 7. Meanwhile, the 50-share NSE Nifty surged 387.70 points, or 1.68%, to end at 23,440.80, marking its strongest closing level in over five weeks. Both indices finished the session at their day's highs.