Nifty, Sensex Surge Over 2.4%, Extend Winning Streak to Sixth Consecutive Session

Indian equity markets witnessed a powerful rally on Thursday, November 5, 2026, with the Sensex jumping more than 2,000 points and the Nifty 50 reclaiming the crucial 24,500 level. The sharp upward movement came amid easing crude oil prices, continued foreign institutional investor inflows and optimism surrounding the outcome of the US midterm elections.

The Nifty 50 closed at 24,536.60, gaining 576 points or 2.40%, while the BSE Sensex surged 2,008.61 points or 2.60% to settle at 79,310.01. Both benchmark indices extended their winning streak to six consecutive sessions, registering their strongest daily gains in more than a year.

Buying was particularly strong in banking, financial services and automobile stocks, which played an important role in lifting the benchmark indices.

Crude Oil Slump Provides Major Boost to Indian Markets

One of the biggest triggers behind Thursday's rally was the sharp fall in international crude oil prices.

Brent crude futures declined around 1% to $93.50 per barrel during early trading, extending losses after an 8.7% fall in the previous session.

The correction in crude prices came amid expectations that geopolitical tensions involving the United States and Iran could ease following the US midterm election results.

FII Buying Supports Market Recovery

Foreign institutional investors have emerged as a key source of support for Indian equities during the recent recovery.

On November 4, FIIs were net buyers of Indian equities worth ₹7,284.03 crore, marking their fourth consecutive session of purchases. The inflow was also reported as the largest single day buying by foreign investors in nearly three years.

In contrast, domestic institutional investors recorded net sales of ₹3,712.23 crore during the same session.

US Midterm Election Results Lift Investor Confidence

Political developments in the United States also played an important role in shaping global market sentiment.

The Democratic Party's victory in both chambers of the US Congress raised expectations that President Donald Trump's administration could face greater pressure to pursue a diplomatic resolution to the ongoing conflict with Iran.

Investors viewed the election outcome as a potential development towards reducing geopolitical uncertainty. Expectations of easing tensions contributed to the correction in crude oil prices and improved risk appetite across equity markets.

Nifty Midcap and Smallcap Indices End Higher

The rally was not limited to benchmark indices, as buying interest was also visible across the broader market.

The Nifty Midcap 100 index advanced 1.87% to close at 60,620.90, while the Nifty Smallcap 100 gained 0.56% to settle at 19,132.45.

Although both indices finished in positive territory, their performance remained relatively subdued compared with the sharp gains in the Sensex and Nifty 50.

Auto, Financial Services and Banking Stocks Lead Sectoral Rally

Sectoral performance remained largely positive, with automobile and financial stocks emerging as the biggest beneficiaries of Thursday's buying momentum.

The Nifty Auto index topped the sectoral gainers, rising 4.14%, supported by strong gains in automobile manufacturers. The Nifty Financial Services index followed closely with an increase of 3.99%, while Nifty Bank advanced more than 3%.

Realty and information technology stocks also participated in the recovery. However, media and energy stocks showed relatively weaker performance compared with other sectors.

Indian Rupee Closes at Two-Week High Against US Dollar

The Indian rupee strengthened against the US dollar on Thursday, November 5, 2026, supported by falling crude oil prices and improving global sentiment. The domestic currency appreciated by around 16 paise to close at 94.4750 per US dollar, marking its strongest closing level in two weeks. The sharp decline in crude oil prices helped ease concerns over India's import costs, while sustained foreign institutional investor inflows provided additional support. Positive sentiment following the US midterm election results also contributed to the rupee's recovery.

European Stock Markets Trade Higher

Major European stock markets were trading in positive territory on Thursday, reflecting improved investor sentiment across global equities.

Germany's DAX index was trading at 26,538.00, gaining 58.67 points or 0.22%. The UK's FTSE 100 advanced 56.29 points or 0.52% to 10,885.50, while France's CAC 40 rose 39.25 points or 0.48% to 8,217.14.

US Stock Futures Mixed; Nasdaq 100 Under Pressure

US stock index futures indicated a mixed opening for Wall Street on Thursday, with technology stocks showing relative weakness.

Dow Jones futures were trading 259 points or 0.48% higher at 53,762.00, while S&P 500 futures recorded a marginal gain of 3.75 points or 0.05% to 7,724.25.

In contrast, Nasdaq 100 futures declined 152.25 points or 0.53% to 28,414.50, reflecting continued pressure on technology stocks.