Indian stocks set for strong opening as Nifty extends winning streak

Indian stock markets are poised for a strong opening, with GIFT Nifty indicating a gap-up start after the Nifty recorded its fifth consecutive session of gains, its longest winning streak since June, rising over 5% in five days. The positive sentiment follows Wall Street's sharp rally, where the Dow surged 1,500 points, the S&P 500 gained 1.6%, and the Nasdaq rose 1.8%, driven by the Democrats' sweeping midterm victory easing political uncertainty. Green energy, healthcare, and consumer sectors led gains, while data centre shares fell on tighter AI regulation fears. Brent crude plunged over 8% to around $95 a barrel on hopes a Democratic Congress could push for an end to the Iran war, while gold headed for its biggest daily gain since mid-August. Asian markets traded mixed, with attention on FII and DII flows, US yields, and a weaker dollar. Key Q2 earnings previewed include Titan, Bharti Airtel, M&M, LIC, ONGC, and Britannia, with results tracked from Apollo Hospitals, BSE, Lenskart, Nykaa, and Dabur. Uday Kotak's views on the RBI rate path were also highlighted.