Stock Market Today Live: GIFT Nifty Signal Gap-up Opening For Sensex, Nifty 50; Kospi Slides 3%; US Indices Gain
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian benchmark indices Sensex and Nifty 50 are likely to open higher on Thursday, November 5, tracking strong global cues.
- ✓GIFT Nifty futures traded 333 points higher, signaling a positive start.
- ✓Gaurav Udani said, "The immediate resistance zone is placed at 24,350–24,450." Investors are also tracking ongoing global conflict developments.
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- MARKET
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- NDTV Profit
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- 2 Minute(s)
- Market Focus
- India Economy
Indian benchmark indices, the Sensex and Nifty 50, are likely to open higher on Thursday, November 5, tracking strong global cues, amid the weekly expiry of Sensex contracts.
Investors will also track the September-quarter earnings announcements, crude oil prices and developments in the ongoing US-Iran and Russia-Ukraine conflicts.
At around 8:10 am, GIFT Nifty futures were trading 333 points higher at 24,304, compared with the previous close of Nifty 50 futures at 23,971, indicating a strong start for the domestic equity markets.
Gaurav Udani, Founder, Thincredblu Securities, said that Nifty is expected to open sharply higher around 24,280, up by nearly 320 points, indicating strong positive momentum. However, after such a sharp gap-up, traders should avoid chasing the opening move and wait for some retracement towards support levels before considering fresh positions.
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