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Stock market outlook today, 5 Nov: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

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In short

Indian benchmark indices are maintaining a sideways to bullish posture after reaching multi-month highs driven by capital goods and financial shares. Analysts identify crucial resistance for the Nifty 50 around the 24,000 zone, with support anchored near its 100-day moving average. Meanwhile, global sentiment remains divergent as a post-election U.S. rally contrasts sharply with regulatory turbulence in select Asian bourses.

Key points

  • Technical analysts project a sideways to bullish bias with immediate Sensex resistance ex…: Technical analysts project a sideways to bullish bias with immediate Sensex resistance expected between 77,700 and 78,000.
  • Key support for the Nifty 50 is established near the 100-day moving average level of 23,7…: Key support for the Nifty 50 is established near the 100-day moving average level of 23,700.
  • Lower crude prices and foreign inflows boosted domestic sectors like FMCG and metals, whi…: Lower crude prices and foreign inflows boosted domestic sectors like FMCG and metals, while the IT sector lagged behind.

Sources checked by our analysis pipeline: 1

Stock market prediction for Thursday, 5 November, 2026: The Indian stock market is likely to witness a strong start today as GIFT Nifty signalled a positive opening on Thursday, 5 November.

Meanwhile, Asian markets opened on a mixed note on Thursday, tracking a sharp rally on Wall Street after Democrats secured a sweeping victory in the US midterm elections.

Indian equity benchmarks extended their winning streak to a fifth consecutive session on Wednesday, supported by buying in heavyweight financial, FMCG and automobile stocks. Positive sentiment was further bolstered by foreign fund inflows and a decline in crude oil prices. The Sensex advanced nearly 384 points to close above the 77,000 mark.

The 30-share BSE Sensex gained 383.55 points, or 0.50%, to settle at 77,301.40, marking its highest closing level in more than two months. During the session, the index climbed as much as 478.19 points, or 0.62%, to touch an intraday high of 77,396.04. The NSE Nifty 50 also maintained its upward momentum, rising 149.75 points, or 0.63%, to close at 23,960.60.

“Indian equities extended their winning streak to a…

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