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Key gauges extend gains to 6th straight session; Nifty tops 24,500 mark
Nov-05-2026

Indian equity benchmarks extended their gains to the 6th straight session, with Sensex rallied nearly 2,009 points and the Nifty surged 576 points on Thursday, amid a sharp decline in crude oil prices and hopes of a resolution to the West Asia conflict after the results of the midterm elections, where American voters gave the opposition Democratic Party control of the US Congress. Sustained foreign fund inflows and a sharp rally in the US markets also elevated optimism.

Some of the important factors in trade:

India, Poland discuss ways to boost bilateral trade, investments, technology cooperation: The commerce ministry has said that India and Poland have discussed ways to boost bilateral trade, investments and technology cooperation between the two countries. The matters were discussed during the two-day visit of Minister of State for Commerce and Industry Jitin Prasada to the central European nation. 

India, Nepal discuss expanding cooperation in energy sector: Foreign Secretary Vikram Misri and Nepal’s Energy and Water Resources Minister Biraj Bhakta Shrestha have discussed ways to broaden cooperation in the energy sector during a meeting in Nepal.   

Cabinet clears Rs 14,500 crore for 92 GWh energy storage systems: The Union Cabinet has approved Rs 14,500 crore in viability gap funding for 92 GWh of grid-scale energy storage systems between FY27 and FY31. This development is significant given India's ambitious target of 500 GW of renewable energy by 2030. 

Coal gasification to save India Rs 1.5 lakh crore forex: Coal Ministry Secretary Vikram Dev Dutt has said that coal gasification projects have the potential to save India around Rs 1.5 lakh crore in foreign exchange over the next five to seven years through import substitution.

India's diamond industry poised for stability after three years of decline: The rating agency, Crisil Ratings in its latest report has said that India's natural diamond industry is projected to generate revenues of $14.8-15.2 billion in the current fiscal, indicating a largely flat performance compared with the previous year. 

Global front: European markets were trading higher as retreating energy costs helped ease inflation and rate hike concerns. Asian markets ended mixed as regional chipmaking shares slumped on expectations of tighter tech oversight. 

Finally, the BSE Sensex rose 2008.61 points or 2.60% to 79,310.01 and the CNX Nifty was up by 576.00 points or 2.40% to 24,536.60.   

The BSE Sensex touched high and low of 79,470.03 and 78,520.56, respectively. There were 24 stocks advancing against 6 stocks declining on the index.  

The top gaining sectoral indices on the BSE were Auto up by 4.13%, Bankex up by 3.45%, Realty up by 3.37%, Consumer Discretionary up by 2.77% and Consumer Durables up by 2.72%, while Capital Goods down by 2.06%, Telecom down by 0.86% and Power down by 0.47% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 7.66%, Interglobe Aviation up by 5.90%, Maruti Suzuki India up by 5.57%, Mahindra & Mahindra up by 5.35% and ICICI Bank up by 5.23%. On the flip side, NTPC down by 1.55%, Bharat Electronics down by 0.58%, ITC down by 0.39%, Power Grid down by 0.13% and Bharti Airtel down by 0.11% were the top losers.

Meanwhile, the commerce ministry has said that India and Poland have discussed ways to boost bilateral trade, investments and technology cooperation between the two countries. The matters were discussed during the two-day visit of Minister of State for Commerce and Industry Jitin Prasada to the central European nation. The visit concluded on November 3, 2026. During the visit, Prasada met the Deputy Prime Minister and Minister of Digital Affairs of Poland Krzysztof Gawkowski.

The discussions focused on expanding bilateral cooperation in emerging technologies, including artificial intelligence (AI), semiconductors, data centres and cybersecurity. The ministry said Prasada held discussions on opportunities emerging from the India-European Union Free Trade Agreement (FTA), which will come into effect next year. It said 'Prasada emphasised the potential for greater cooperation in agri-tech and food processing and called for creating more opportunities for small and medium enterprises”.

During a meeting with Deputy Minister for Economic Development and Technology of Poland Michal Baranowski, the Indian minister deliberated upon ways to expand cooperation in critical minerals, semiconductors and startup partnerships. The bilateral trade between the two countries grew 4.16 per cent to $4.04 billion ($2.8 billion and imports $1.25 billion) in 2025-26 from $3.88 billion in 2024-25.

CNX Nifty touched high and low of 24,579.90 and 24,296.30, respectively. There were 39 stocks advancing against 11 stocks declining on the index.      

The top gainers on Nifty were Bajaj Finance up by 7.65%, Shriram Finance up by 6.08%, Mahindra & Mahindra up by 5.59%, Maruti Suzuki India up by 5.48% and Tata Motors Passenger up by 5.46%. On the flip side, Apollo Hospital down by 2.66%, ONGC down by 2.13%, NTPC down by 1.63%, Coal India down by 1.34% and Adani Ports &SEZ down by 1.33% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 82.29 points or 0.76% to 10,911.50, France’s CAC rose 67.81 points or 0.83% to 8,245.70 and Germany’s DAX gained 222.93 points or 0.84% to 26,660.60.

Asian markets ended mixed on Thursday due to a sharp sell-off in AI and chip shares in South Korea and Japan. The decline was driven by concerns that a Democratic-led US Congress could push for tighter regulation of artificial intelligence infrastructure in the US, which could curb investment in data centers and weaken demand for semiconductors. Meanwhile, the US dollar and Treasury yields slipped, and Brent crude prices plummeted on hopes that the eight-month-old US-Iran conflict could end soon. Chinese markets gained after Beijing’s latest intervention measures continued to support equities.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,689.91

3.74

0.10

Hang Seng

24,796.98

877.48

3.67

Jakarta Composite

5,030.26

110.49

2.20

KLSE Composite

1,635.86

19.30

1.19

Nikkei 225

61,077.90

-1,110.73

-1.79

Straits Times

5,296.25

27.62

0.52

KOSPI Composite

5,383.80

-300.00

-5.28

Taiwan Weighted

41,574.72

-1,374.19

-3.20
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