GIFT Nifty traded approximately 150 points higher at 23,553, indicating a strong positive start for domestic trading. In the previous session, both major benchmarks logged their third straight day of gains, buoyed by retreating oil prices and intense interest in Reliance Industries following its financial results. The Nifty has completed an inverted head and shoulders pattern breakout, establishing strong technical momentum even as Asian indices display mixed movement.
Key points
Technical analysts have identified the immediate resistance zone for the Sensex between 7…: Technical analysts have identified the immediate resistance zone for the Sensex between 75,750 and 76,000.
Downside technical support for the Nifty is currently pegged between the 23,000 and 23,20…: Downside technical support for the Nifty is currently pegged between the 23,000 and 23,200 marks.
The Nifty's breakout from an inverted head and shoulders formation points to intermediate…: The Nifty's breakout from an inverted head and shoulders formation points to intermediate resistance near 23,560 to 23,620.
Sources checked by our analysis pipeline: 1
Stock market prediction for Tuesday, 3 November, 2026: The Indian stock market is expected to open higher for the second consecutive session on Monday, November 2, as GIFT Nifty signals a positive gap-up start. The upbeat outlook follows sharp gains in both benchmark indices in the previous session.
Meanwhile, Asian markets traded mixed on Tuesday, while US stock futures witnessed a significant downturn after starting off on a strong note on Monday.
Benchmark indices Sensex and Nifty extended their gains for the third consecutive session on Monday, with the Sensex surging over 1,200 points to its highest level in more than seven weeks. The rally was supported by strong buying in Reliance Industries following its earnings announcement, along with a decline in crude oil prices. The Nifty also closed above the 23,400 mark.
The 30-share BSE Sensex jumped 1,233.25 points, or 1.66%, to settle at 75,692.78, its highest closing level since September 7. Meanwhile, the 50-share NSE Nifty surged 387.70 points, or 1.68%, to end at 23,440.80, marking its strongest closing level in over five weeks. Both indices finished the…
Strong operational metrics fueled the logistics firm's market momentum following strategic freight rate increases and commercial volume growth. The results highlight effective cost rationalization and operational expansion across its domestic transport footprint. Concurrently, investor sentiment has been bolstered by a recently concluded equity repurchase program priced near peak valuation levels.
A sharp single-day rally of over 7% on November 2 pushed the energy conglomerate onto a technical momentum radar. The surge propelled the stock into a selective screen of eight Nifty 500 companies showing strengthening price action. Market participants track these technical indicators to gauge underlying trend strength and spot early signs of sustained buying pressure.
Regional market sentiment split as technology sector concerns collided with fresh monetary policy tightening across the Pacific. Investors faced headwinds stemming directly from guidance shared by the consumer electronics giant. Meanwhile, elevated borrowing costs introduced by central bankers signaled sustained pressure on broader economic growth.