Sensex Surges 2,000 Points as Oil Crash, Foreign Buying, and Wall Street Rally Boost Markets

Indian stock markets surged on Thursday, with the Sensex jumping over 2,000 points and adding nearly Rs 8 lakh crore to investor wealth, driven by a sharp fall in crude oil prices, renewed foreign buying, and a Wall Street rally. Brent crude plunged 8.7% to around $94 per barrel after the Democrats' US midterm election sweep, easing concerns over the US-Iran conflict. Foreign investors bought Rs 7,284 crore of Indian equities on Wednesday, their highest single-day purchase since October 2025, following four consecutive sessions of net buying. The S&P 500 rose 1.6% overnight, lifting global sentiment. Analysts noted the election outcome could ease geopolitical risks and potentially lower US bond yields and the dollar, though inflation may remain elevated and political scrutiny of AI infrastructure expansion could grow.