Indian stock markets set to open lower as GIFT Nifty signals weak start

Indian stock markets are expected to open lower on Wednesday, November 4, 2026, as GIFT Nifty traded down nearly 40 points, signaling a negative start and potentially ending a four-day winning streak. The anticipated dip follows a strong Tuesday where the Sensex surged 1.62% and Nifty rose 1.58%, supported by falling crude oil prices and foreign fund inflows. Analysts suggest investors may book profits after the sharp rally, though softer oil prices provide some market support. Asian markets traded mixed, with South Korea's Kospi rising and Japan's Nikkei falling, while US stocks closed mixed ahead of midterm election results. Technical analysts note key support levels for Sensex at 76,000-76,300 and resistance around 77,000-77,200.