The GIFT Nifty gained nearly 350 points to trade around 24,300, signaling robust opening momentum following five straight sessions of gains for domestic benchmarks. Corporate earnings are in sharp focus as giants like Bharti Airtel, LIC, and Mahindra & Mahindra prepare to unveil their Q2 2026 performance figures. Meanwhile, recent reports showed Nykaa's net profit surging more than threefold to ₹101.2 crore alongside profit gains at Dabur India and Torrent Power. Adani Power also drew attention after securing a 25-year contract to supply 1,234 MW of thermal power to Uttarakhand Power Corporation Limited.
Key points
Key domestic indices enter Thursday's session backed by five consecutive days of gains al…: Key domestic indices enter Thursday's session backed by five consecutive days of gains alongside foreign capital inflows.
A heavy slate of corporate earnings from firms like Bharti Airtel, LIC, and Titan will st…: A heavy slate of corporate earnings from firms like Bharti Airtel, LIC, and Titan will steer intra-day stock action.
Industrial activity remains active with NALCO advancing a 0.5 MTPA brownfield expansion a…: Industrial activity remains active with NALCO advancing a 0.5 MTPA brownfield expansion at its Angul aluminium smelter.
Sources checked by our analysis pipeline: 1
Top stocks to watch today: The Indian stock market is expected to open sharply higher on Thursday, November 5, as GIFT Nifty indicated a strong start for domestic benchmark indices. GIFT Nifty was trading around the 24,300 mark, up nearly 350 points or 1.50% from the previous close of Nifty futures, signalling a robust opening for the Indian equity market.
On Wednesday, Indian benchmark indices extended their rally for the fifth consecutive session, supported by strong buying interest in heavyweight financial, FMCG and automobile stocks. Positive sentiment was further reinforced by foreign fund inflows and a decline in crude oil prices. The BSE Sensex climbed 383.55 points, or 0.50%, to close at 77,301.40, marking its highest closing level in over two months. During the session, the 30-share index advanced as much as 478.19 points, or 0.62%, to hit an intraday high of 77,396.04. The NSE Nifty 50 also ended higher, gaining 149.75 points, or 0.63%, to settle at 23,960.60.
Meanwhile, several stocks are likely to remain in focus on Thursday amid company-specific announcements and corporate developments. Updates related to fresh…
Market participants are tracking a downward move in shares during the current session. The brief report highlights an ongoing decline but leaves further details unconfirmed as events unfold. Observers are awaiting additional information to determine the full scope of this shift.
The pharmaceutical firm saw notable market movement during the latest trading session as investors actively responded to developments surrounding the company. Increased market participation drove the upward shift in share value across exchanges. This momentum reflects shifting investor focus toward the healthcare provider's current commercial standing.
Market participants are closely watching the Chinese technology giant as its shares display unusual upward momentum during active trading. While the immediate catalyst behind the sudden price movement remains unspecified in initial reports, the sharp fluctuation signals heightened investor activity around the company. Observers are awaiting further corporate disclosures or macroeconomic developments to explain the buying pressure.