Indian equity markets are likely to make a gap-up opening on Thursday, as oil prices slumped with Democrats’ win in the US midterm election raising hopes of a faster end to the West Asia conflict. Some support may come amid foreign fund inflows. Foreign institutional investors (FIIs) extended their buying streak on November 4, purchasing Indian equities worth Rs 7,284.03 crore.
Some of the key factors to be watched:
India & Poland boost trade, tech, investment cooperation: The commerce ministry said India and Poland have discussed ways to boost bilateral trade, investments and technology cooperation between the two countries. The matters were discussed during the two-day visit of Minister of State for Commerce and Industry Jitin Prasada to the central European nation.
Cabinet approves Rs 2,814 crore scheme for critical mineral processing: The government has approved a Rs 2,814 crore scheme to promote processing of critical minerals such as lithium and nickel.
India on track for 500 GW RE by 2030, adds 300 GW more: New & Renewable Energy Minister Pralhad Joshi said that India is on track to achieve the 500 GW renewable energy target by 2030, and another 300 GW will be added after that, as mandated by Prime Minister Narendra Modi.
Cabinet clears Rs 14,500 crore for 92 GWh energy storage systems: The Union Cabinet has approved Rs 14,500 crore in viability gap funding for 92 GWh of grid-scale energy storage systems between FY27 and FY31. This development is significant given India's ambitious target of 500 GW of renewable energy by 2030.
Nepal, India discuss energy cooperation and collaboration: Foreign Secretary Vikram Misri and Nepal’s Minister for Energy and Water Resources Biraj Bhakta Shrestha have discussed expanding cooperation in the energy sector. Also, matters relating to energy trade, construction of hydropower projects, disaster mitigation and early warning systems were discussed.
Global front: The U.S. markets settled higher on Wednesday after Democrats won the midterm election, boosting risk appetite. Asian markets are trading mostly in green on Thursday following an overnight rally on Wall Street, amid a drop in oil prices.
Back home, Indian equity benchmarks ended higher for the fifth consecutive day on Wednesday, on buying in Capital Goods, Realty and Power shares amid easing crude oil prices. Continued foreign investor buying and encouraging domestic earnings also lent support to market sentiment. On Tuesday, foreign investors recorded net purchases of Rs 6,836 crore, their third consecutive session of buying. Finally, the BSE Sensex rose 383.55 points or 0.50% to 77,301.40 and the CNX Nifty was up by 149.75 points or 0.63% to 23,960.60.
Some of the important factors in trade:
India’s services PMI rises to 4-month high of 55.8 in October: India’s services sector activity recorded the strongest pace of expansion in four months in October 2026 as demand buoyancy fuelled growth in business activity and new orders amid easing cost pressures. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index rose to 55.8 in October from 55.2 in September.
India's data centre capacity to surge five-fold to 7.5 gigawatts by 2030: Crisil Ratings in its latest report has said that the Indian data centre industry is expected to witness a significant investment push, with installed capacity likely to expand five-fold to approximately 7.5 gigawatts (GW) by March 2030.
India emerges as trusted global partner: Highlighting India's growing global appeal, Union Minister of Commerce and Industry Piyush Goyal has said that India has earned the trust of the world, with countries across almost every region keen to enter into preferential trade agreements and free trade agreements with it.