Sensex jumps 2,009 points as US election results lift markets (5 Nov)
- Sensex climbed 2,008.61 points to close at 79,310.01.
- Nifty 50 gained 576 points to finish at 24,536.60.
- Markets marked their sixth consecutive day of gains.
- Auto and banking sectors led the rally with gains of up to 4 percent.
- US midterm election results boosted global sentiment regarding Iran conflict de-escalation.
The Nifty 50 index increased by 576.00 points, or 2.40 percent, to close at 24,536.60. This follows the session on November 4, 2026, when the Nifty reclaimed the 23,950 level and the Sensex rose by 384 points.
In the previous session, the Nifty 50 index had increased by 149.75 points, or 0.63 percent, to close at 23,960.6 points.
US midterm election results boost global market sentiment
Global market sentiment rose following the Democratic party's victory in both chambers of the US Congress during the midterm elections. Indian equities gained momentum from these results due to hopes that a more restrained Washington could lead to de-escalation in the Iran conflict and changes to tariff policies.
This shift in political power raised expectations for reduced political pressure on the Trump administration regarding Iran.
Auto and banking sectors lead market rally
The Indian stock market rally on November 5 was led by the auto and banking sectors.
Consumer durables and IT indices also grew by more than 2 percent. The energy and media indices were the only sectors to end lower, falling 0.3 percent and 0.8 percent respectively.
Broad market participation across Nifty 500
Within the Nifty 500 universe, 368 stocks ended the session higher. Market breadth on November 5, 2026, saw 2,868 shares advance, 1,384 shares decline, and 169 shares remain unchanged.
The Nifty Midcap 100 index rose by 1.8 percent and the Nifty Smallcap 100 index increased by 0.5 percent on November 5. The Nifty index's daily Relative Strength Index (RSI) reached 75, its highest level since September 2024, while the Bank Nifty's daily RSI crossed the 60 level.
Bajaj Finance and Shriram Finance lead top gainers
Bajaj Finance and Shriram Finance were the top gainers among Nifty constituents.
Apollo Hospitals and ONGC were the primary laggards.
Honeywell Automation shares rose 1.98 percent to close at Rs 30,400.00 on November 5, 2026.
Rupee strengthens as crude oil prices drop
The Indian rupee closed at 94.47 per dollar on November 5, 2026, strengthening from the previous close of 94.64.
Brent crude oil prices dropped to approximately $93.5 per barrel, reaching their lowest point in over two months.
Foreign institutional investors drive market liquidity
Foreign Institutional Investors (FIIs) purchased equities worth Rs 7,284 crore on November 4. This brought their total buying over the previous four sessions to approximately Rs 20,834 crore.
Domestic Institutional Investors (DIIs) were net sellers of Rs 3,712 crore.
US markets react to midterm election outcomes
US stocks rallied on Wednesday, November 4, 2026, as the market reacted to midterm results showing losses for President Donald Trump’s party. Wall Street indices closed higher that day as the Democratic victory reduced political uncertainty. Dow futures rallied 700 points (CNBC) and 1,100 points (CNN) as Democrats secured control of Congress. and 1,100 points as Democrats secured control of Congress.
At 6:24 a.m. ET on November 4, 2026, Dow E-minis rose 748 points, or 1.44 percent. S&P 500 E-minis climbed 79 points, or 1.04 percent, while Nasdaq 100 E-minis added 263 points, or 0.93 percent. The S&P 500 also increased 1.2 percent in early trading on that Wednesday.
Amazon shares rose about 3 percent on November 4, 2026, while Meta Platforms, Nvidia, and Alphabet each gained over 1 percent. AMD shares jumped 6.3 percent after forecasting faster growth for 2027 driven by data-center sales. Shares of Tesla and SpaceX fell over 4 percent each following Elon Musk's heavy spending to support Republicans.
Solar energy companies saw gains on November 4, 2026, with First Solar up 8.3 percent and Canadian Solar up 8.9 percent. SolarEdge Technologies rose 1.7 percent. The semiconductor sector also experienced gains, with Micron Technology, Broadcom, and Marvell Technology rising between 1 percent and 2 percent.
Data center shares fell on November 4, 2026, due to investor concerns regarding potential tighter AI regulation. Companies including IREN, Hut 8, and Applied Digital traded lower in premarket trading amid concerns regarding the industry's rapid expansion.
Michael Krautzberger and Liam Wash of Allianz Global Investors stated investors may conclude Washington remains structurally constrained, limiting dramatic shifts in the economic outlook. Nabil Milali of Edmond de Rothschild Asset Management noted uncertainty will likely persist as tech giants negotiate with new local authorities.
US stocks were mixed on Thursday, November 5, 2026, with the Dow rising 0.6 percent. The S&P 500 fell 0.4 percent, and the Nasdaq Composite dropped 1.1 percent amid a decline in semiconductor stocks. Vice President JD Vance stated on X that the party lost the election because of the war and should seek a resolution.
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- Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals strong opening; US markets gain, Asian peers trade mixed | Moneycontrol News (moneycontrol.com)
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- Dow futures jump by 1,100 points as Democrats take control of Congress - CNN (cnn.com)
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- Dow futures rally 700 points as Democrats win big in midterms - CNBC (cnbc.com)
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