Sensex jumps 1,400 pts at opening, Nifty rallies 400 pts:Dalal Street celebrates Trump’s mid-term election loss as oil drops sharply

Dalal Street celebrated US President Donald Trump’s mid-term election loss as oil prices dropped sharply on Thursday, 5 November, 2026. The 30-company Sensex jumped 1,400 points at opening. While the 50-company Nifty rallied 400 points. The latter reclaimed the 24,000 mark while the Sensex crossed the 78,000 level. Stocks like IndiGo, Asian Paints, Bajaj Finance, Maruti, MM and UltraTech Cement were among the major gainers. Sectorally, on the NSE, barring Nifty Healthcare, all other indices traded with gains, with Nifty Financial Services Ex Bank rising the most by 2.54%. Oil sees big drop Global benchmark Brent Crude fell sharply to $94 per barrel. US President Donald Trump admitted that the war with Iran caused major losses for his Republican Party in the midterm elections. The Republican Party suffered a defeat in the midterm elections. The Democratic Party secured a majority in the Senate. It also crossed the majority mark in the House of Representatives, winning 218 seats. Previous Session Recap (4 November) On 4 November, Indian benchmark indices recorded strong gains: BSE Sensex: Closed 384 points higher at 77,301. NSE Nifty: Gained 150 points to close at 23,961.