Nifty 50, Sensex Today Nov 3: Prediction & Global Cues
TABLE OF CONTENTS
- Reading Overview
Indian markets are poised for a positive opening today, November 3, 2026, with the GIFT Nifty indicating a gap-up start, trading around 23,571.50, up 0.72% from the Nifty 50's previous close of 23,440.80. This follows a strong rally in the previous session, where the Nifty 50 gained 1.68% and the Sensex surged 1.66%, driven by robust corporate earnings and easing crude oil prices. Key levels for Nifty today are 23,250 as immediate support and 23,500 as initial resistance.
Market Snapshot
| Indicator | Value | Change |
|---|---|---|
| GIFT Nifty | 23,571.50 | +169.00 (+0.72%) |
| Nifty 50 Previous Close | 23,440.80 | +387.70 (+1.68%) |
| Sensex Previous Close | 75,692.78 | +1,233.25 (+1.66%) |
| India VIX | 15.50 | +0.20 (+1.31%) |
| Nifty Bank | 55,002 | +315 (+0.57%) |
| Nifty Midcap 100 | 57,983 | +682 (+1.19%) |
| Nifty Smallcap 100 | --- | +0.71% |
The Indian equity market is set for a positive start today, building on the momentum from Monday's robust session. Global cues are mixed, with US markets closing lower due to a tech sell-off, while Asian markets show varied trends. Easing crude oil prices and continued FII inflows are expected to influence sentiment.
GIFT Nifty and Opening Indication
The GIFT Nifty is currently trading at 23,571.50, reflecting a gain of 169.00 points or 0.72% as of 03:01 AM IST on November 3, 2026. This compares to the Nifty 50's previous close of 23,440.80 on November 2, 2026.
This movement in GIFT Nifty indicates a potentially positive opening for the Indian benchmark indices today. While the GIFT Nifty provides an early signal of market sentiment, the actual opening of the NSE will be determined during the pre-open session between 9:00 AM and 9:15 AM IST.
Previous Market Session — November 2, 2026
Sensex and Nifty
| Index | Previous Close | Change | Change (%) |
|---|---|---|---|
| Sensex | 75,692.78 | +1,233.25 | +1.66% |
| Nifty 50 | 23,440.80 | +387.70 | +1.68% |
| Nifty Bank | 55,002 | +315 | +0.57% |
The Indian equity benchmarks concluded Monday's trading session significantly higher, marking a third consecutive day of gains. The Sensex surged by 1,233.25 points to close at 75,692.78, while the Nifty 50 advanced by 387.70 points to settle at 23,440.80. This rally was largely fueled by strong corporate earnings, particularly from Reliance Industries, and a decline in international crude oil prices. The market breadth remained positive, with 2,443 stocks advancing against 1,167 declines on the NSE. The Nifty Midcap 100 rose by 1.19% and the Nifty Smallcap 100 gained 0.71%.
Global Cues
US Markets
| Index | Latest Close | Change |
|---|---|---|
| Dow Jones | 51,983.98 | +213.67 (+0.41%) |
| S&P 500 | 7,541.40 | -38.67 (-0.51%) |
| Nasdaq Composite | 25,164.32 | -272.68 (-1.07%) |
Asian Markets
| Index | Latest Value | Change |
|---|---|---|
| Nikkei 225 | 63,082 | Closed (Previous Close: -0.33%) |
| Hang Seng | 23,469 | +76 (+0.33%) |
| Shanghai Composite | 3,624.58 | -0.37% |
Commodities and Currency
| Asset | Value | Change |
|---|---|---|
| Brent Crude | $104.50 | -0.24% |
| WTI Crude | $96.46 | -7.4% |
| USD/INR | 94.89 | -0.07 |
| US 10-Year Yield | 4.91% | -0.03 percentage points |
US markets closed mixed on Monday, November 2, with the Dow Jones posting gains while the S&P 500 and Nasdaq Composite declined, largely due to a sell-off in tech stocks. Asian markets are showing varied trends this morning; the Nikkei 225 is closed for a holiday, while the Hang Seng opened higher and the Shanghai Composite opened lower. Crude oil prices continued their downward trend, and the US 10-year Treasury yield eased.
Nifty Support and Resistance
| Level | Type |
|---|---|
| 23,250 | Support |
| 22,800 | Support |
| 23,500 | Resistance |
| 23,600 | Resistance |
Market participants will be closely watching the Nifty 50's ability to sustain above the immediate support level of 23,250. A decisive move past the 23,500 resistance could pave the way for further upside towards 23,600.
India VIX
| Volatility Index | Value | Change (%) |
|---|---|---|
| India VIX | 15.50 | +1.31% |
The India VIX, a measure of market volatility, closed at 15.50 on November 2, 2026, showing a slight increase of 1.31%. This indicates a moderate level of anticipated market fluctuations.
FII/DII Activity
| Date | FII Net Purchase/Sales (₹ Cr) | DII Net Purchase/Sales (₹ Cr) |
|---|---|---|
| November 2, 2026 | +3,114.68 | -392.20 |
| October 30, 2026 | +3,599 | -818 |
| October 29, 2026 | -944 | +1,924 |
| October 28, 2026 | +872 | +643 |
| October 27, 2026 | +4,240 | -1,250 |
Foreign Institutional Investors (FIIs) were net buyers in the Indian equity market on November 2, 2026, injecting ₹3,114.68 crore, while Domestic Institutional Investors (DIIs) were net sellers, offloading ₹392.20 crore. This trend of FII buying has been supportive of the market in recent sessions.
Stocks to Watch Today
| Stock | Catalyst / Focus Reason |
|---|---|
| Tata Motors | Completed the acquisition of Iveco Group for EUR 3.8 billion, integrating the Italian commercial vehicle manufacturer into its operations. The company also reported strong October 2026 sales figures, with passenger vehicle sales up 23% and electric vehicle sales surging 75%. |
| Reliance Industries | Shares surged by 7-11.6% in the previous session after reporting a record consolidated profit after tax of ₹29,550 crore for Q2FY27, a 33.8% year-on-year growth. |
| Larsen & Toubro (L&T) | Secured "significant" orders, valued between ₹1,000 crore and ₹2,500 crore, for residential projects in Mumbai and Bengaluru, and a commercial tower in Hyderabad. |
| Infosys | The stock closed 2% lower in the previous session, contributing to a decline in the Nifty IT index. |
| Dixon Technologies | Surged 12% on November 2, driven by healthy Q2 growth and positive management commentary regarding its artificial intelligence (AI) initiatives. |
| Delhivery | Gained 6% in the last trading session following a strong quarterly performance. |
| Muthoot Finance | Rose 5% on November 2 after reporting healthy Q2 results and raising its FY27 assets under management (AUM) guidance. |
What Could Move the Market Today
- Global markets: Mixed cues from US markets, with a tech sell-off, and varied performance across Asian indices.
- GIFT Nifty: Indicating a positive opening, suggesting continued bullish sentiment from the previous session.
- Crude oil: Continued decline in Brent and WTI crude prices could provide relief to import-dependent India.
- FII/DII flows: Sustained FII buying, coupled with DII selling, will be closely watched for market direction.
- Key event: Ongoing corporate earnings announcements and any fresh geopolitical developments.
What to Watch Before 9:15 AM
- GIFT Nifty: Its movement will provide the latest indication of the market's opening direction.
- Nifty support: The 23,250 level will be crucial to watch for sustained bullish momentum.
- Nifty resistance: A break above 23,500 could signal further upside.
- India VIX: Any significant change in volatility could impact trading strategies.
- Global markets: Performance of Asian markets in early trade will offer further direction.
- FII/DII: Any updated institutional flow data.
- Major stock news: Any fresh corporate announcements or news that could impact individual stocks.
Market Opening Outlook
The pre-market setup suggests a positive opening for the Indian equity markets today, primarily influenced by the strong closing of the previous session and the positive indication from GIFT Nifty. While global cues are mixed, the domestic market's resilience, supported by FII inflows and declining crude oil prices, is likely to drive sentiment. The actual opening will be confirmed during the market's pre-open session.
Disclaimer: This article is for educational purposes only. It does not constitute investment advice. Please consult a SEBI-registered financial advisor before making investment decisions.
FAQ
1. Where is the Indian stock market likely to open today?
The Indian stock market is likely to open with a positive bias, as indicated by the GIFT Nifty trading around 23,571.50, suggesting a gap-up opening.
2. What was Nifty's closing level in the previous session?
Nifty 50 closed at 23,440.80 in the previous session on November 2, 2026.
3. What was Sensex's closing level in the previous session?
Sensex closed at 75,692.78 in the previous session on November 2, 2026.
4. What are the Nifty support and resistance levels today?
Key Nifty support levels are 23,250 and 22,800, while resistance levels are 23,500 and 23,600.
5. What are the global cues for the Indian market today?
Global cues are mixed, with US markets closing lower due to a tech sell-off, while Asian markets are showing varied trends. Crude oil prices are declining, and US 10-year Treasury yields have eased.
6. What is GIFT Nifty?
GIFT Nifty is the Nifty 50 futures contract traded at NSE International Exchange in GIFT City. It trades before the Indian market opens and is used as an early indicator of the opening.
7. When does the NSE pre-open session run?
The NSE pre-open session runs from 9:00 AM to 9:15 AM IST. Order entry runs from 9:00 to 9:08, order matching from 9:08 to 9:12, and a buffer from 9:12 to 9:15. Normal trading starts at 9:15 AM.
8. What is India VIX today?
The India VIX closed at 15.50 on November 2, 2026, with a change of +1.31%.
9. Which stocks are in focus today?
Stocks in focus today include Tata Motors, Reliance Industries, Larsen & Toubro, Infosys, Dixon Technologies, Delhivery, and Muthoot Finance, based on recent corporate announcements and performance.
10. What could move the Indian stock market today?
The Indian stock market could be moved today by global market trends, the indicative opening from GIFT Nifty, crude oil price movements, FII/DII investment flows, and specific corporate news or earnings.
