Our pre market report today finds that early cues point to a gap-up start for Indian shares on Thursday, 5 November 2026. GIFT Nifty traded near 24,300 before 8 AM IST, about 1.4% above the Nifty 50 close of 23,960.60, after the Dow jumped 3.03% overnight and Brent crude stayed close to $94. FIIs were also net buyers in cash for a fourth straight session.
Key Takeaways
- GIFT Nifty was near 24,290 to 24,330 in early trade, roughly 1.4% to 1.5% above the 4 November Nifty close.
- On 4 November, FIIs bought a net Rs 7,284 crore in cash while DIIs sold a net Rs 3,712 crore.
- The Dow rose 3.03% to 53,356.12 after Democrats won control of both houses of the US Congress.
- Asia is mixed: the Kospi is down about 4.5%, while the Hang Seng is up about 1.7% to 2.5%.
- Brent crude was around $94 a barrel this morning, after a sharp fall of more than 8% on Wednesday.
Market Snapshot
| Indicator | Latest | Change | Source time |
|---|---|---|---|
| GIFT Nifty | about 24,290 to 24,330 | about +1.4% to +1.5% vs Nifty close | 7:00 to 7:50 AM IST, 5 Nov |
| Nifty 50 (previous close) | 23,960.60 | +149.75 (+0.63%) | Close, 4 Nov |
| Bank Nifty (previous close) | 55,913.60 | +373.55 (+0.67%) | Close, 4 Nov |
| Dow Jones | 53,356.12 | +3.03% | US close, 4 Nov |
| S&P 500 | 7,688.62 | +1.58% | US close, 4 Nov |
| Nasdaq Composite | 25,736.51 | +1.44% | US close, 4 Nov |
| Nikkei 225 | Lower | about -0.4% to -0.9% | Morning, 5 Nov |
| Hang Seng | Higher | about +1.7% to +2.5% | Morning, 5 Nov |
| Kospi | Sharply lower | about -4.5% | Morning, 5 Nov |
| Brent crude | about $93.6 to $94.3 | Lower | 7:02 to 7:41 AM IST, 5 Nov |
| US Dollar Index | about 101.3 | -0.3% to -0.4% | 4 to 5 Nov |
| USD/INR | 94.64 | Rupee firmer for a fourth session | Close, 4 Nov |
| US 10-year yield | about 4.84% to 4.86% | Down from 4.89% | 4 to 5 Nov |
FII DII Data and Market Setup
Provisional NSE figures for 4 November 2026 show FIIs bought Rs 7,284 crore net in the cash market, their fourth straight day of buying. Over those four sessions (30 October to 4 November), FII net purchases add up to about Rs 20,855 crore. DIIs went the other way and sold a net Rs 3,712 crore, which suggests domestic funds booked some profit into the rally. Full rows are on our FII DII data today page.
Our FII Market Setup for 4 November reads Strong Buying. This label means FIIs were buyers in cash and also added net long positions in index futures on the same day (a net change of +16,778 index futures contracts). When both point the same way, foreign investors are backing the move with fresh positions.
The bigger picture is still mixed. Across the last 30 sessions (22 September to 4 November), FIIs sold a net Rs 64,299 crore and DIIs bought Rs 91,169 crore, a DII absorption of 142%. FIIs were net sellers on 20 of those 30 days, so the recent buying is a turn, not yet a trend. You can track the full history on our FII and DII data dashboard and compare flows with the index on the FII flow vs Nifty chart.
Global Cues
The main overnight driver was the US midterm result, with Democrats taking majorities in both the House and the Senate. Wall Street read the result as positive on Wednesday: the Dow gained 3.03%, its best day of the year, while the S&P 500 added 1.58% and the Nasdaq Composite rose 1.44%. US crude fell more than 8% in the same session, and the 10-year Treasury yield eased to around 4.84% to 4.86%.
Asia is less upbeat. South Korea’s Kospi opened about 2% lower and extended the fall to roughly 4.5%, as technology and AI-linked stocks fell. Japan’s Nikkei is slightly lower, while Hong Kong’s Hang Seng is higher. For India, cheaper oil and a softer dollar are the two cues that matter most, since both ease pressure on the import bill and the rupee.
Nifty and Bank Nifty Levels to Watch
These are objective reference points from recent sessions, not trading calls.
- Nifty 50: previous close and day high 23,960.60 (it closed at the high on 4 November); 3 November close 23,810.85; round numbers 24,000 and 24,500.
- Bank Nifty: previous close 55,913.60; round numbers 56,000 and 55,500.
Events Today
- Results: Titan Company, a Nifty 50 stock, is scheduled to announce its September-quarter results today (DSIJ).
- Expiry and holidays: there is no Nifty expiry today. The next weekly Nifty expiry moves to Monday, 9 November, because markets are shut on Tuesday, 10 November for Diwali Balipratipada. Muhurat Trading takes place on Sunday, 8 November, from 2:20 PM to 3:30 PM. See the FII DII calendar for the full list.
The Bottom Line
The cues indicate a firm start, helped by the Wall Street rally, lower oil and four days of FII cash buying. Still, the Kospi slide shows global tech risk has not gone away, and Nifty is already up five sessions in a row, so some profit-taking after the open would not be unusual. Watch whether FIIs keep buying in today’s provisional data, released around 6 PM IST.
Sources: DSIJ pre-market update; Upstox; NDTV Profit; Moneycontrol; Stocktitan; IIFL; Business Upturn; Korea Times; Reuters (rupee); FII/DII figures from NSE provisional data as stored on FIIAndDIIData.com.
Disclaimer: This report is for educational purposes only and is not investment advice. FIIAndDIIData.com is not a SEBI-registered adviser.
