Indian Share Markets Surge in Sixth Straight Session as Indices Post Major Gains

Indian equity markets marked a powerful rally on 5 November 2026, extending their winning streak to six consecutive sessions.

Market Gains

The Nifty surged 576 points to close at 24,536.60, while the Sensex soared 2,008.61 points to settle at 79,310.01. Buying spread widely across sectors, with financials, automobiles, realty, and IT leading the advance.

Ownership Trends

Domestic institutional investor ownership in the broader Nifty 500 index climbed to 20.3 percent, while foreign institutional investor ownership dropped to 16.9 percent. Domestic institutions also increased their ownership in mid-cap and small-cap segments.

Technical Outlook

The Nifty recovered sharply from its October lows near 22,200. Momentum indicators strengthened, with the relative strength index surging to 74.69. Raja Venkatraman, co-founder of NeoTrader, provided these technical insights.

Context

Share markets often react to global economic factors such as crude oil prices and foreign fund flows. Technical indicators like the relative strength index help traders gauge whether a market is moving too fast in a single direction.