Indian stock markets surged at the open on Thursday, November 5, extending a five-session winning run as easing crude oil prices and relief over the United States midterm election outcome lifted sentiment across Dalal Street.
The 30-share BSE Sensex opened at 78,910.94, up 1,609.54 points or 2.08 percent from Wednesday’s close of 77,301.40. The NSE Nifty 50 opened at 24,378.05, up 417.45 points or 1.74 percent from its previous close of 23,960.60, according to exchange data reported by multiple market outlets. In early trade the benchmarks extended their gains, with the Sensex touching a morning high of 78,922.44 and the Nifty reaching 24,391.95.
Why markets rallied
Market reports pointed to five drivers behind the strong start. First, crude oil prices eased sharply, with Brent falling below 100 dollars a barrel in early trade after closing at 102.80 dollars on Wednesday. Second, global sentiment improved after the US midterm elections, in which the Democratic Party won control of both chambers of Congress, removing a layer of political uncertainty that had weighed on Wall Street. Third, foreign investors returned as buyers, purchasing equities worth 6,836.81 crore rupees on Tuesday, according to exchange data. Fourth, bond yields pulled back, and fifth, the rupee firmed while strong corporate earnings supported buying in blue-chip shares.
The rally also carried hopes of easing tensions in West Asia, with traders watching for progress in US-Iran talks. Those hopes were cited by market commentators as a reason for the crude price decline, not as a confirmed peace agreement, and no deal is claimed here.
A rally with momentum behind it
Thursday’s jump did not come out of nowhere. Wednesday had already marked a fifth straight session of gains: the Sensex rose 383.55 points to close at 77,301.40, its highest close in more than two months, while the Nifty gained 149.75 points to 23,960.60. Across those five sessions the Sensex climbed 4,055.37 points, or 5.53 percent, and the Nifty added 1,261.75 points, or 5.55 percent. The Nifty also held above its 200-day exponential moving average near 23,904, a level technicians watch as a sign of the medium-term trend.
What to watch next
Traders will now watch where the benchmarks settle at the 3:30 pm close, whether crude holds below 100 dollars, and whether foreign buying continues through the session. Further headlines on West Asia and on how the new US Congress approaches trade and technology policy could also move sentiment. No outcome is predicted here.
Frequently asked questions
Why did the Sensex and Nifty jump on November 5?
A combination of falling crude oil prices, renewed foreign buying, lower bond yields, a firmer rupee and improved global sentiment after the US midterm results, according to market reports.
Are these the closing levels?
No. The figures in this article are the opening levels and morning highs on November 5. The market was still trading when this article was published, and the closing levels will differ.
How strong was the run before today?
Wednesday was the fifth straight session of gains, with the Sensex up 4,055 points and the Nifty up 1,262 points across those five sessions.
Related coverage: Asian markets rallied on November 4, gold reclaimed $4,000 after the Democrats’ midterm sweep, and Democrats’ sweep in the US midterms is covered in full.
Sources
- Business Today, “Nifty, Sensex rally: 5 reasons why stock market is rising today”, Nov 5, 2026 — https://www.businesstoday.in/amp/markets/stocks/story/nifty-sensex-rally-diwali-fireworks-5-reasons-why-stock-market-is-rising-today-565795-2026-11-05
- ET Now, “Stock Market Today, November 5: Sensex surges 1,621 points, Nifty tops 24,390”, Nov 5, 2026 — https://www.etnownews.com/markets/us-midterm-election-results-spark-rally-on-dalal-street-sensex-surges-1400-points-nifty-nears-24350-article-156467593
- India TV, “5 November, 2026 Stock Market Updates: Sensex surges 1,600 points, Nifty above 24,350”, Nov 5, 2026 — https://www.indiatvnews.com/business/news/5-november-2026-stock-market-updates-sensex-surges-1-600-points-nifty-above-24-350-post-us-midterm-election-outcome-global-market-2026-11-05-1058714
- Upstox (citing NSE/BSE data), “SENSEX rallies over 1,600 pts; NIFTY50 jumps 1.8% as crude oil plummets”, Nov 5, 2026 — https://upstox.com/news/market-news/stocks/sensex-rallies-over-1-600-pts-nifty-50-jumps-1-7-as-crude-oil-plummets-key-factors-behind-today-s-stock-market-surge/article-203017/
- ABP Live, “Share Markets Cheer As Trump Suffers Major Upset In US Midterms”, Nov 5, 2026 — https://news.abplive.com/business/mutual-funds/share-markets-react-stock-market-today-us-midterms-democrats-won-donald-trump-sensex-gift-nifty-1874809/amp
- The Economic Times, “Foreign buying, softer crude lift Dalal Street; Sensex closes above 77,300” (Wednesday close report), Nov 5, 2026 — https://economictimes.indiatimes.com/markets/stocks/news/sensex-nifty-extend-gains-for-fifth-day-sensex-reclaims-200-dma/articleshow/135554956.cms
