Stock market prediction for Monday, 2 November, 2026: The Indian stock market is likely to open on higher, as GIFT Nifty signalled a gap up positive start on Monday, 2 November.
Meanwhile, Asian markets traded lower on Monday, while US stock futures started the post-weekend trade on a positive note after blood bath on Friday.
“Indian equity markets may attempt to extend their recent recovery, with investors drawing some encouragement from renewed diplomatic efforts to de-escalate the U.S.–Iran conflict. Discussions involving Iranian officials and Qatari mediators have raised hopes of a possible breakthrough that could ease supply concerns and improve the outlook for global energy markets. Any tangible progress on this front could help reduce the geopolitical risk premium in crude oil and offer near-term support to domestic equities,” said Ponmudi R, CEO of Enrich Money.
Indian equity markets extended their winning streak for the second consecutive session, with benchmark indices ending moderately higher despite lingering concerns over elevated crude oil prices. On a weekly basis, the BSE benchmark Sensex advanced 1,335.7 points, or 1.82%, while the NSE Nifty gained 453.1 points, or 2%.
On Friday, the Sensex and Nifty continued their upward momentum, driven by strong buying interest in IT stocks and earnings-led gains in Trent, the Tata Group’s retail arm. The 30-share BSE Sensex rose 308.49 points, or 0.42%, to close at 74,459.53. During the session, it advanced as much as 591.55 points, or 0.79%, to touch 74,742.59. Meanwhile, the 50-share NSE Nifty climbed 116.35 points, or 0.51%, to settle at 23,053.10.