Indian equity markets are expected to open higher on Thursday, November 5, following strong buying in the previous trading sessions. GIFT Nifty was trading around 24,295.5 in early deals, indicating a positive start for domestic benchmarks. The Nifty 50 had closed Wednesday at 23,960.6, while the Sensex and Nifty have gained approximately 5.6% over the past five sessions.
Market sentiment has improved following continued foreign investor buying, easing crude oil prices and expectations that recent political developments in the United States could influence the ongoing conflict involving Iran. Foreign investors purchased Indian equities worth Rs.72,840 crore on Wednesday, marking their fourth consecutive session of buying.
Investors will also track the September-quarter earnings announcements, global market movements and developments in energy prices for further direction. These are pre-opening indications and not actual opening or closing levels.
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