Published • loading... • Updated
Sensex 1,600 Points up; Oil Eases as US Midterm Results Lift Hope of Iran War's End
Foreign buying and a 10% drop in Brent crude lifted Indian shares as hopes grew that U.S. election results could ease West Asia tensions.
- On Thursday, Indian equity benchmarks BSE Sensex and NSE Nifty surged in early trade, driven by optimism over US midterm election results that gave the Opposition Democratic Party control of Congress.
- American voters on Tuesday handed the Democrats control of the Senate and House, as President Donald Trump's Republican Party lost key races across Texas, Georgia, Iowa, and Ohio.
- Wall Street rallied sharply overnight, with The Dow Jones Industrial Average rising 3.03%, as Indian markets benefited from sustained Foreign Institutional Investors inflows and improved global risk environment.
- Brent crude prices fell 10% to around $94, though Hariselvan Radhakrishnan, Founder and CEO of HST Wealth, cautioned the decline "remains driven by expectations" rather than confirmed settlement.
- Asian markets showed mixed results on Thursday, with South Korea's Kospi and Japan's Nikkei 225 index trading lower, while Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted higher.
Insights by Ground AI
14 Articles
14 Articles
US Midterm Election Results Impact: Street cheers Trump's loss! Sensex jumps 1,600 points, Nifty at 24,300 - Top factors
Indian stocks extended their rally for a sixth session, with the Sensex rising 2% and the Nifty 50 gaining 1.8%. Falling crude prices, optimism about easing Iran war tensions, global market gains, renewed foreign investor buying and encouraging corporate earnings lifted investor confidence.
·New Delhi, India
Read Full Article
Stock Market Rally: The stock market was in a frenzy as soon as it opened on Thursday. The BSE Sensex jumped by more than 1,400 points.
Coverage Details
Total News Sources14
Leaning Left1Leaning Right3Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 17%
C 33%
R 50%
Factuality
To view factuality data please Upgrade to Premium
