Indian stocks hit 3-month high as oil slides after U.S. Democratic win

thehindu.com [$] —

Indian stock markets opened near three-month highs on Thursday, November 5, 2026, as oil prices slid following the U.S. Democratic win in midterm elections, which raised hopes of ending the U.S.-Israeli war on Iran. The Nifty 50 rose 1.66% to 24,357.3, while the Sensex gained 1.83% to 78,719.72 by 9:18 a.m. IST. Brent crude futures dropped 1% to $93.5 per barrel, extending an 8.7% slide from the previous session. Market sentiment was boosted by foreign investors returning to India, with net purchases of ₹72.84 billion on Wednesday, marking a fourth straight session of buying. Fourteen of 16 major sectors advanced, with small-caps and mid-caps each jumping over 1%.


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