Indian equity benchmarks made a gap-up opening on Thursday tracking a rally in global markets and a sharp fall in crude oil amid hopes of an earlier resolution to the West Asia conflict, with the Democrats' victory in the US midterm elections raising expectations of a shift in the geopolitical outlook. Sensex and Nifty were trading firm in early deals with gains around 2% each on account of value buying in almost all the sector indices except Capital Goods and Telecom. Some optimism came as foreign institutional investors (FIIs) continued their buying streak in the Indian equity market. FIIs made net purchases worth Rs 7,284 crore in the cash market for the fourth consecutive session.
On the global front, Asian markets were trading mixed as a sharp selloff in semiconductor shares triggered a trading curb in South Korea, offsetting support from a steep decline in oil prices after Democrats’ victories in the U.S. midterm elections. Meanwhile, minutes from the Bank of Japan's September meeting further strengthened expectations of additional interest rate increases.
The BSE Sensex is currently trading at 78907.78, up by 1606.38 points or 2.08% after trading in a range of 78520.56 and 78922.44. All the 30 stocks were advancing on the index.
The gaining sectoral indices on the BSE were Auto up by 3.49%, IT up by 2.95%, Consumer Durables up by 2.54%, Consumer Discretionary up by 2.42% and Realty up by 2.39%, while Capital Goods down by 1.04% and Telecom down by 0.45% were the only losing indices on BSE.
The top gainers on the Sensex were Interglobe Aviation up by 4.75%, Bajaj Finance up by 4.51%, Asian Paints up by 3.87%, Maruti Suzuki India up by 3.54% and Mahindra & Mahindra up by 3.43%.
Meanwhile, the commerce ministry has said that 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. The visit concluded on November 3, 2026. During the visit, Prasada met the Deputy Prime Minister and Minister of Digital Affairs of Poland Krzysztof Gawkowski.
The discussions focused on expanding bilateral cooperation in emerging technologies, including artificial intelligence (AI), semiconductors, data centres and cybersecurity. The ministry said Prasada held discussions on opportunities emerging from the India-European Union Free Trade Agreement (FTA), which will come into effect next year. It said 'Prasada emphasised the potential for greater cooperation in agri-tech and food processing and called for creating more opportunities for small and medium enterprises”.
During a meeting with Deputy Minister for Economic Development and Technology of Poland Michal Baranowski, the Indian minister deliberated upon ways to expand cooperation in critical minerals, semiconductors and startup partnerships. The bilateral trade between the two countries grew 4.16 per cent to $4.04 billion ($2.8 billion and imports $1.25 billion) in 2025-26 from $3.88 billion in 2024-25.
The CNX Nifty is currently trading at 24413.10, up by 452.50 points or 1.89% after trading in a range of 24296.30 and 24417.45. There were 43 stocks advancing against 7 stocks declining on the index.
The top gainers on Nifty were Shriram Finance up by 5.99%, Bajaj Finance up by 5.46%, Interglobe Aviation up by 5.14%, Tata Motors Passenger Vehicles up by 4.96% and Asian Paints up by 4.76%. On the flip side, Apollo Hospital down by 2.80%, ONGC down by 2.22%, Coal India down by 0.46%, Cipla down by 0.36% and NTPC down by 0.31% were the top losers.
Asian markets were trading mixed; Taiwan Weighted lost 956.4 points or 2.23% to 41,992.51, Nikkei 225 slipped 703.63 points or 1.13% to 61,485.00, KOSPI dropped 247.37 points or 4.35% to 5,436.43 and Straits Times fell 1.7 points or 0.03% to 5,290.14.
On the other hand, Hang Seng advanced 736.5 points or 2.99% to 24,656.00, Jakarta Composite gained 108.01 points or 2.2% to 5,027.78 and Shanghai Composite strengthened 3.62 points or 0.1% to 3,689.79.