Gift Nifty at 24,300 signals gain another 300 points in the open for good.
Indian stock markets are likely to sustain momentum on Thursday as well at the open, amid positive global cues. After the US midterm verdict, in which the Democrats won well, US stocks rose sharply. Positive sentiment is sweeping across global markets. Asian and Australian stocks rose in early deals.
Gift Nifty at 24,300 signals gain another 300 points in the open for good.
However, analysts say that it is necessary to wait and see how the situation in the US will be, especially after the US President, Donald Trump signaled to use Veto Power decisively.
Analysts expect the momentum to continue this week, due to the return of foreign portfolio investors, who stopped buying aggressively in the past few days. On Wednesday he bought over ₹ 7,280 crore worth of shares in the secondary market.
In addition, the company’s results will also direct the direction of the market.
Osho Krishan, Chief Manager – Technical Research & Derivatives, Angel One., said the winning streak extended to the fifth consecutive session, highlighting the underlying bullish tone and significant improvement in overall market sentiment. Broader market participation, coupled with sectoral rotation, has emerged as a key catalyst underpinning the ongoing rally. Additionally, increasing global cues and foreign institutional investor (FII) inflows into Indian equities further strengthened the positive momentum.
Technically, the market is also positive, according to experts.
“The overall market bias remains positive, supported by the Nifty’s five-session winning streak, near the top of the 200-day EMA and increasing momentum across the broader market. The Bank Nifty has also returned to the 50-day EMA, adding to the positive undertone. However, the resistance of moving higher and the Downward trendline will be important to watch continuously in the Bank Nifty. The continuous recovery,” said Hitesh Tailor, Technical Research AnalystatChoice Broking Private Limited.
Published on November 5, 2026