Stock Market Today, November 5: Indian equity benchmark indices Sensex and Nifty extended their winning streak on Thursday, November 5, as investors cheered the US midterm election results, which saw the Democratic Party wrest control of Congress from President Donald Trump’s Republican Party.
The 30-share BSE Sensex surged 1,621.04 points, or 2.10 per cent, to hit an intraday high of 78,922.44, compared with its previous close of 77,301.40. Similarly, the NSE Nifty 50 jumped 431.35 points, or 1.80 per cent, to touch a day’s high of 24,391.95, against Wednesday’s closing level of 23,960.60.
The sharp gains came as investors reacted to the US election outcome, which could have significant implications for the Trump administration’s policy agenda and global financial markets.
US midterm election results 2026
American voters delivered a major setback to President Donald Trump in Tuesday’s midterm elections, handing the opposition Democratic Party control of Congress and flipping several key gubernatorial posts.
The Republican Party suffered defeats in traditional strongholds, including Texas, Georgia and Iowa, where Democrats won governors’ races. Republicans also faced losses in Senate contests across several states, including Texas, Maine, South Carolina, North Carolina, Kansas and Iowa.
The election results reflected voter dissatisfaction with Trump’s policies, including the war on Iran, which has contributed to rising living costs and higher diesel prices.
Stock market on November 4
Indian equity markets had ended higher for the fifth consecutive session on Wednesday, November 4, supported by buying in blue-chip financial, FMCG and automobile stocks, foreign fund inflows and easing crude oil prices.
The Sensex gained 383.55 points, or 0.50 per cent, to settle at 77,301.40, its highest closing level in more than two months. During the session, the index touched an intraday high of 77,396.04.
The Nifty 50 advanced 149.75 points, or 0.63 per cent, to close at 23,960.60.
The five-session rally through Wednesday had lifted the Sensex by more than 4,000 points, or approximately 5 per cent.
However, information technology stocks remained under pressure, with the IT index declining 1.21 per cent and the Focused IT index falling 1.18 per cent.
Foreign Institutional Investors (FIIs) purchased equities worth Rs 6,836.81 crore on Tuesday, according to exchange data.
Stock market on November 3
The domestic benchmarks had also witnessed strong buying on Tuesday, November 3, with the Sensex jumping 1,225.07 points, or 1.62 per cent, to close at 76,917.85.
The Nifty rallied 370.05 points, or 1.58 per cent, to settle at 23,810.85. Both indices ended the session at their respective intraday highs.
With Thursday’s gains, the Indian equity market extended its upward momentum into a sixth consecutive trading session.