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Below the Quote on Daily Market 5th November 2026 by Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital

“Indian equities extended their rally, with the Sensex rising around 2.3% and the Nifty gaining over 2%, supported by improved global sentiment following the US midterm election outcome and easing geopolitical concerns. Brent crude declined around 9% to $95/barrel, while WTI fell over 8% to around $88, easing concerns around India's import bill and inflation. The rupee strengthened to around rs 94.36 against the dollar, while gold traded above $4,100/oz and silver hovered around $52/oz. However, expectations of a possible US Fed rate hike in December and upcoming US employment data could keep global markets volatile. Going ahead, sustained crude weakness, currency stability and corporate earnings will be crucial in determining the durability of the rally.”

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