Business · Markets · 2 hrs ago
Nifty rises for fourth session, but weak GIFT Nifty signals lower open
India’s Nifty rose for a fourth straight session, gaining 1.58% on Tuesday to close at 23,810.85, its highest close since August.
The Sensex also advanced, as falling crude prices, company earnings and foreign investor buying supported the market.
The rally followed a sharp recovery, and analysts say shares may now pause while retaining a positive bias.
A weaker GIFT Nifty reading signalled a lower opening for Indian shares on Wednesday.
Analysts identify 23,600 as near-term support and 24,000 as a key hurdle for the Nifty.
Investors are watching US midterm election results, while several Indian companies are due to report earnings on Wednesday.
Further gains may depend on continued foreign buying and broader market participation.
The Nifty rose for a fourth straight session on Tuesday, gaining about 1.6% to close at 23,810.
Falling crude prices, foreign investor buying and strong corporate earnings supported the rally.
The Nifty crossed 23,800 for the first time since August 2026.
GIFT Nifty traded 50 points lower, signalling a possible negative opening for Indian markets on Wednesday.
Analysts identified 23,950–24,000 as the next resistance zone for the Nifty.
- Who
- Indian equity markets, including the Nifty and Sensex.
- What
- The Nifty rose for a fourth session, while lower GIFT Nifty futures signalled a potentially weak opening.
- When
- Tuesday, November 3, 2026; the expected lower opening was for Wednesday.
- Where
- Indian stock markets.
- Why
- Falling crude prices, foreign fund inflows and strong corporate earnings supported the rally. GIFT Nifty’s decline signalled a possible negative start.
This story does not have two clearly opposing sides.
The Nifty gained 4.3% over four sessions, according to Economic Times.
The Nifty closed at 23,810, up about 1.6%, and the Sensex closed at 76,918, up 1,225 points.
GIFT Nifty traded 50 points lower at 23,710, signalling a possible negative start for Indian markets.
- Nifty close
- 23,810, up 1.6% according to Economic Times; Hindu BusinessLine reported 23,810.85, up 1.58%.
- Sensex close
- 76,918, up 1,225 points.
- GIFT Nifty
- 23,710, down 50 points or 0.21%.
- Next resistance
- 23,950–24,000, according to analysts cited by Hindu BusinessLine.
- Foreign portfolio investors
- Net buyers of shares worth Rs 6,836 crore on Tuesday.
2 sources
What people are saying
easing crude oil prices, alongside hopes of de-escalation in West Asia following progress in Iran-Qatar discussions, are supporting sentiment
the index has moved above its 100-day EMA for the first time since August 2026 and has also closed above the 61.8 per cent Fibonacci retracement level of its previous corrective phase
sustained foreign institutional inflows and broader participation beyond index heavyweights will be critical for the next leg of the rally