The News Strike | November 5, 2026
Indian stock market today: GIFT Nifty signalled a strong opening for domestic benchmark indices on November 5, tracking a sharp rally on Wall Street and optimism following the US midterm election results. Investors will monitor crude oil prices, foreign fund flows, IT stocks and key technical levels.
Sensex Today, Nifty 50: GIFT Nifty Signals Strong Opening
GIFT Nifty traded at 24,326, gaining 376 points or 1.57% over its previous close of 23,950, indicating a potentially strong opening for the Indian stock market.
In the previous session on November 4, the Sensex advanced 383.55 points, or 0.50%, to close at 77,301.40. The Nifty 50 gained 149.75 points, or 0.63%, to settle at 23,960.60.
The Nifty touched its intraday high of 23,960.60 after opening at 23,742.25.
Wall Street Today: Dow Jones Jumps 3%, Nasdaq and S&P 500 Gain
US stock markets closed sharply higher on Wednesday as Democrats' midterm election victory eased political uncertainty and improved investor risk appetite. However, data centre stocks declined amid concerns about potential tighter AI regulation.
Dow Jones: Advanced 1,569.40 points, or 3%, to 53,356.12.
S&P 500: Gained 119.70 points, or 1.6%, to 7,688.62.
Nasdaq Composite: Rose 364.50 points, or 1.4%, to 25,736.51.
Stock Market Outlook: Nifty Resistance at 24,200–24,400
Kotak Neo's Head of Equity Research, Shrikant Chouhan, said benchmark indices continued their positive momentum, with the Nifty gaining 150 points and the Sensex advancing 384 points in the previous session.
The Media index outperformed, rising 5.30%, while the IT index declined 1.50%.
Chouhan said the short-term market outlook remains positive, although temporary overbought conditions could lead to range-bound trading at higher levels.
Key technical levels:
| Index | Support | Resistance |
|---|---|---|
| Nifty | 23,750–23,800 | 24,000 and 24,200 |
| Sensex | 76,500–76,700 | 77,500 and 78,000 |
Chouhan said a break below 23,750 on the Nifty and 76,500 on the Sensex could weaken the bullish outlook.
Separately, the Nifty is expected to advance towards the 24,200–24,400 resistance zone, followed by 24,800, which is close to its August high. The immediate support base has shifted to 23,600–23,700.
Top Gainers and Losers on NSE
Top Nifty Gainers
| Stock | Change | Closing Price |
|---|---|---|
| Bharat Electronics | +4.71% | ₹398.00 |
| Adani Enterprises | +4.47% | ₹2,709.20 |
| Titan Company | +4.22% | ₹4,754.40 |
| Jio Financial Services | +3.73% | ₹222.27 |
| Max Healthcare | +3.53% | ₹927.15 |
Top Nifty Losers
| Stock | Change | Closing Price |
|---|---|---|
| TCS | -2.52% | ₹2,436.00 |
| HCL Technologies | -2.37% | ₹1,405.00 |
| Coal India | -2.05% | ₹399.65 |
| BSE Ltd. | -1.75% | ₹3,601.50 |
| Infosys | -1.73% | ₹1,128.20 |
Sectoral Performance: Media Leads, IT Stocks Decline
Indian sectoral indices delivered mixed performances during the previous session.
Nifty Media: Gained around 5.30%.
Nifty Metal: Advanced around 2%.
Nifty Realty: Advanced around 2%.
Information Technology: Declined 1.50%.
Consumer Durables, Oil & Gas, Energy and FMCG: Rose around 1% each.
The Nifty Midcap index gained 1.3%, while the Smallcap index advanced 2%, outperforming the benchmark indices.
Indian Market Rally Extends to Fifth Session
Indian equity benchmarks extended their winning streak to five consecutive sessions on November 4, supported by declining crude oil prices, renewed foreign fund inflows and strong domestic earnings.
However, uncertainty surrounding global markets and US election developments continued to influence investor sentiment.
Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Readers should consult a qualified financial advisor and conduct their own research before making investment decisions.
