New Delhi, Nov. 5 -- The Indian stock market is expected to open sharply higher on Thursday, November 5, as GIFT Nifty indicated a strong start for domestic benchmark indices. GIFT Nifty was trading around the 24,300 mark, up nearly 350 points or 1.50% from the previous close of Nifty futures, signalling a robust opening for the Indian equity market.

On Wednesday, Indian benchmark indices extended their rally for the fifth consecutive session, supported by strong buying interest in heavyweight financial, FMCG and automobile stocks. Positive sentiment was further reinforced by foreign fund inflows and a decline in crude oil prices. The BSE Sensex climbed 383.55 points, or 0.50%, to close at 77,301.40, marking its highest closing level in ...