From The Avenue Mail
Center Owned by The Avenue MailSensex soars 1,600 points as crude plunges on US midterm results
What's behind this
Indian equity benchmarks rose sharply on Thursday, extending a winning streak to a fifth consecutive session as crude oil prices fell and investors eyed a quicker resolution to the West Asia conflict. The BSE Sensex gained nearly 2,009 points, closing at 79,310.01, while the NSE Nifty surged about 576 points to settle above the 24,500 mark at 24,537. Gains were broad‑based, with financial, auto, realty and bank stocks leading and all sectors except media and chemicals in the green. The rally was also linked to positive global cues after Democratic gains in the U.S. midterm elections.
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Indian equity benchmarks Sensex and Nifty opened with massive gains on Thursday morning. Crude oil prices slumped to a two-month low, fueling investor optimism across global markets. Midterm Results Boost Global Sentiment Investors bet that the Democrats’ victory in the US midterm elections could…
