Nifty 50, Sensex Today Nov 5: Prediction & Global Cues
TABLE OF CONTENTS
- Reading Overview
Indian markets are poised for a strong opening today, November 5, 2026, with GIFT Nifty indicating a significant positive gap-up, trading around 24,351.50, up over 390 points from Nifty 50's previous close. This optimistic outlook follows a robust rally in US markets overnight and continued FII buying in the previous session. Nifty 50 closed at 23,960.60 on November 4, while Sensex ended at 77,301.40. Key levels to watch for Nifty include immediate support at 23,750 and resistance around 24,000.
Market Snapshot
| Indicator | Value | Change |
|---|---|---|
| GIFT Nifty | 24,351.50 | +390.90 (+1.63%) |
| Nifty 50 Previous Close | 23,960.60 | +149.75 (+0.63%) |
| Sensex Previous Close | 77,301.40 | +383.55 (+0.50%) |
| India VIX | 15.28 | N/A |
| Nifty Bank | N/A | N/A |
| Nifty Midcap 100 | 59,505.50 | +1.55% |
| Nifty Smallcap 100 | 19,026.40 | +2.00% |
The Indian equity market is set for a positive start today, influenced by strong global cues, particularly from the US markets which closed significantly higher. GIFT Nifty's substantial gains suggest a gap-up opening for domestic indices, building on the five-day winning streak observed in the previous session.
GIFT Nifty and Opening Indication
GIFT Nifty was trading at 24,351.50 as of 05:18 AM IST on November 5, 2026, marking a gain of approximately 390.90 points or 1.63% compared to Nifty 50's previous close of 23,960.60. This significant upward movement in GIFT Nifty indicates a potentially strong positive opening for the Indian benchmark indices today.
The robust performance of GIFT Nifty suggests that market participants are reacting positively to global developments, especially the strong rally in US equities. Investors will be watching the pre-open session closely to gauge the confirmed opening levels, but the current GIFT Nifty trend points towards a bullish start.
Previous Market Session — November 4, 2026
Sensex and Nifty
| Index | Previous Close | Change | Change (%) |
|---|---|---|---|
| Sensex | 77,301.40 | +383.55 | +0.50 |
| Nifty 50 | 23,960.60 | +149.75 | +0.63 |
| Nifty Bank | N/A | N/A | N/A |
Indian equity benchmarks extended their winning streak for the fifth consecutive session on Wednesday, November 4, 2026. The Sensex climbed 383.55 points to close at 77,301.40, while the Nifty 50 rose 149.75 points to settle at 23,960.60. Broader markets outperformed, with the Nifty Midcap 100 advancing 1.55% to 59,505.50 and the Nifty Smallcap 100 jumping 2.0% to 19,026.40. Sector-wise, Nifty Media surged over 5%, while Nifty IT declined by 1.5%.
Global Cues
US Markets
| Index | Latest Close | Change |
|---|---|---|
| Dow Jones | 53,356.12 | +1,569.40 (+3.03%) |
| S&P 500 | 7,688.62 | +119.70 (+1.58%) |
| Nasdaq Composite | 25,736.51 | +364.50 (+1.44%) |
Asian Markets
| Index | Latest Value | Change |
|---|---|---|
| Nikkei 225 | N/A | N/A |
| Hang Seng | N/A | N/A |
| Shanghai Composite | N/A | N/A |
Commodities and Currency
| Asset | Value | Change |
|---|---|---|
| Brent Crude | $93.63/barrel | -$0.99 (-1.05%) |
| WTI Crude | $87.13/barrel | -$0.99 (-1.12%) |
| USD/INR | N/A | N/A |
| US 10-Year Yield | 4.850% | -0.040 (-0.82%) |
US markets closed sharply higher on November 4, with the Dow Jones surging over 3%, the S&P 500 gaining 1.58%, and the Nasdaq Composite rising 1.44%. Oil prices declined, with Brent crude trading at $93.63 a barrel. The US 10-year Treasury yield eased to 4.85% on November 5.
Nifty Support and Resistance
| Level | Type |
|---|---|
| 23,750 | Support |
| 23,700 | Support |
| 24,000 | Resistance |
| 24,150 | Resistance |
Market participants may watch the 23,750-23,700 range as immediate support for the Nifty 50, while a decisive breakout above 24,000 could signal further upside momentum.
India VIX
| Volatility Index | Value | Change (%) |
|---|---|---|
| India VIX | 15.28 | N/A |
India VIX, the volatility gauge, cooled to 15.28 in the previous trading session. A lower VIX generally indicates reduced market volatility expectations.
FII/DII Activity
| Date | FII Net Purchase/Sales (₹ Cr) | DII Net Purchase/Sales (₹ Cr) |
|---|---|---|
| Nov 04, 2026 | +7,284.03 | -3,712.23 |
| Nov 03, 2026 | +6,836.81 | -3,678.85 |
| Nov 02, 2026 | +3,114.68 | -392.20 |
Foreign Institutional Investors (FIIs) were net buyers, injecting ₹7,284.03 crore into the Indian equity market on November 4, 2026, continuing their buying trend. Domestic Institutional Investors (DIIs), however, were net sellers, offloading ₹3,712.23 crore on the same day.
Stocks to Watch Today
| Stock | Catalyst / Focus Reason |
|---|---|
| BSE | Reported a 44.9% year-on-year increase in consolidated net profit to ₹809.15 crore in Q2FY27, with revenue rising 34.1%. |
| Aurobindo Pharma | Announced a 52.5% year-on-year increase in net profit to ₹1,124 crore for Q2FY27 and approved an interim dividend of ₹7 per equity share. |
| Torrent Power | Reported a 12.9% year-on-year increase in net profit to ₹838 crore for the September quarter, with revenue up 24.5%. |
| Alembic Pharmaceuticals | Posted an 81% year-on-year rise in consolidated profit after tax to ₹3,350 million in Q2FY27, with revenue increasing by 36%. |
| Dr. Lal Path Labs | Reported a 27.6% year-on-year surge in consolidated net profit to ₹192.2 crore for Q2 FY27, alongside a 19.6% jump in revenue. |
| Bharti Airtel | Expected to remain in focus today as investors track corporate developments and potential announcements. |
| Zydus Lifesciences | Reported a 27% decline in Q2 profit, with shares falling 3.5% post-announcement, which could lead to further price action. |
What Could Move the Market Today
- Global markets: Strong rally in US equities provides a significant positive cue.
- GIFT Nifty: Indicating a substantial gap-up opening, setting a bullish tone.
- Crude oil: Declining oil prices offer relief and support for import-dependent India.
- FII/DII flows: Continued FII buying suggests sustained foreign investor confidence.
- Key event: Q2 earnings announcements from various companies will drive stock-specific action.
What to Watch Before 9:15 AM
- GIFT Nifty: Monitor its trend for final opening indications.
- Nifty support: Watch if Nifty holds above 23,750.
- Nifty resistance: Observe if Nifty can sustain above 24,000.
- India VIX: Any significant movement in volatility.
- Global markets: Performance of Asian markets in early trade.
- FII/DII: Any fresh institutional flow data if released early.
- Major stock news: Any pre-market corporate announcements.
Market Opening Outlook
The Indian market is poised for a strong positive opening today, primarily driven by the robust performance of US equities and the significant upward indication from GIFT Nifty. While the global sentiment appears bullish, the actual NSE opening will be determined during the market's pre-open session between 9:00 AM and 9:15 AM IST. Investors should remain vigilant for any intraday volatility and stock-specific news.
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 significantly higher today, indicated by GIFT Nifty trading around 24,351.50, suggesting a substantial gap-up from Nifty 50's previous close.
2. What was Nifty's closing level in the previous session?
Nifty 50 closed at 23,960.60 in the previous trading session on November 4, 2026.
3. What was Sensex's closing level in the previous session?
Sensex closed at 77,301.40 in the previous trading session on November 4, 2026.
4. What are the Nifty support and resistance levels today?
Nifty's immediate support levels are at 23,750 and 23,700, while resistance levels are around 24,000 and 24,150.
5. What are the global cues for the Indian market today?
Global cues are positive, with US markets (Dow Jones, S&P 500, Nasdaq) closing significantly higher. Oil prices have declined, 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?
India VIX was at 15.28 in the previous trading session.
9. Which stocks are in focus today?
Stocks in focus today include BSE, Aurobindo Pharma, Torrent Power, Alembic Pharmaceuticals, Dr. Lal Path Labs, Bharti Airtel, and Zydus Lifesciences, primarily due to their Q2 earnings announcements and corporate developments.
10. What could move the Indian stock market today?
The Indian stock market could be moved today by strong global market performance, the positive indication from GIFT Nifty, declining crude oil prices, continued FII inflows, and specific Q2 earnings announcements.
