# Stock Market Outlook: Sensex, Nifty Predicted Strong Start

> Indian markets poised for strong opening as GIFT Nifty rises 1.5% ahead of US election impact.
- Title: Stock Market Outlook: Sensex, Nifty Predicted Strong Start
- Summary: Indian markets poised for strong opening as GIFT Nifty rises 1.5% ahead of US election impact.
- Keywords: sensex, nifty, gift nifty, dow jones, s&p 500, nasdaq, kospi, nikkei, taiwan stock market, us midterm elections, crude oil prices, foreign fund inflows
- Source: mint — https://livemint.com/market/stock-market-news/stock-market-outlook-today-5-nov-sensex-nifty-prediction-djia-s-p-nasdaq-gift-nifty-kospi-nikkei-taiwan-11793841005838.html
- Author: Vaamanaa Sethi
- Published: 2026-11-05T01:47:23+00:00
- Read time: 1 min
- Topics: sensex, nifty, gift nifty, dow jones, s&p 500, nasdaq, kospi, nikkei, taiwan stock market, us midterm elections, crude oil prices, foreign fund inflows
## Indian Stock Market Outlook
GIFT Nifty trading around 24,300 level, up nearly 350 points or 1.50% from previous close.

> Indian equity markets are poised for a strong opening on Thursday, with sentiment receiving a boost from a sharp retreat in international crude oil prices.
## Sensex Performance Yesterday
Sensex closed at 77,301.40, gaining 383.55 points (0.50%) after five consecutive winning days.

> Indian equities extended their winning streak to a fifth consecutive session on Wednesday, as easing crude oil prices and prospects of further progress in U.S., Iran diplomatic negotiations encouraged broad-based domestic buying.
## Nifty 50 Performance Yesterday
Nifty 50 closed at 23,960.60, rising 149.75 points (0.63%) with strong sectoral gains.

> Capital goods, metals, fmfg, automobiles and financial services led the advance, reflecting firmer domestic risk appetite and support from lower crude oil prices.
## US Market Reaction
Wall Street rallied sharply after Democrats secured sweeping victories in US midterm elections.

> Wall Street's benchmark indices rallied sharply after Democrats secured victories in both the House of Representatives and the Senate in the US midterm elections.
## Dow Jones Performance
Dow Jones surged 3% to close above 53,000 mark for first time since September 8.

> The Dow Jones Industrial Average surged 3%, gaining more than 1,500 points to close above the 53,000 mark for the first time since September 8.
## Nasdaq Performance
Nasdaq futures jumped 1.6% after election-driven recovery from previous session's drop.

> Nasdaq futures jumped 1.6% on Wednesday. The index had plunged more than 650 points after the election outcome became clear but subsequently recovered all their losses, with the index ending the session firmly in positive territory.
## S&P 500 Performance
S&P 500 advanced over 1.5% on Wednesday following US election results.

> Meanwhile, S&P index advanced over 1.5% on Wednesday.
## Kospi Reaction
Kospi briefly plunged 4% due to AI data center regulations concerns.

> Concerns surrounding potential regulations on AI data centre construction following the US midterm elections triggered a sell-side circuit breaker in South Korea's KOSPI during early trading.
## Nikkei 225 Movement
Nikkei 225 fell 1.24% to 61,417.15 after political uncertainty cleared.

> Japan's Nikkei 225 rose over 0.50% in the early trade, however, soon pared gains to turn red. The index fell over 1.24% to 61,417.15 on Thursday, following the clearance of post-election political uncertainty.
## Taiwan Stock Market
Taiwan stock market fell 1.81% to 42,171.78 amid election-related volatility.

> Taiwan stock market also traded in red with Taiex index falling up to 1.81% to 42,171.78.
## Key takeaway

Indian stock indices expected to open strongly after GIFT Nifty rises 1.5% and US election results boost global risk sentiment.