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India's Nifty and Sensex open near three-month highs as oil falls
Reuters reported India's Nifty 50 and Sensex opened near three-month highs on Thursday as Brent crude slipped after U.S. midterm results.
- New headline Was: “Indian benchmarks open near three-month highs as oil slides after US Democratic win”
- Our desk filed its story
Based on reporting by Reuters
India's main stock indexes were higher near three-month peaks in Thursday morning trade, Reuters reported, as crude prices declined after U.S. midterm election results1.
By 10:28 a.m. IST, the Nifty 50 was up 1.78% at 24,387.85 and the Sensex was up 1.94% at 78,798.25, according to Reuters, which said both indexes had gained nearly 8% over six sessions1.
Reuters said year-to-date losses had narrowed to about 6.5% for the Nifty 50 and 7.4% for the Sensex1.
The agency attributed the move in part to hopes that a Democratic victory in U.S. midterms could speed an end to the U.S.-Israeli war on Iran, and it said a Democratic win was being viewed as a rebuke of President Donald Trump's tariff policy and Middle East war decision, which it said had weighed on Indian markets this year1.
Provisional data cited by Reuters showed foreign investors bought 72.84 billion rupees ($769.65 million) of Indian shares on Wednesday, among their largest single-day purchases since October 2025, adding to November net inflows of $1.57 billion1.
Brent crude futures were down 1% at $93.5 a barrel after an 8.7% drop in the prior session, Reuters said1.
Reuters said 15 of 16 major sectors rose, with financials up 2.6%, including gains in HDFC Bank and ICICI Bank, while oil-sensitive names such as Asian Paints and IndiGo also advanced1.
