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Indian shares log biggest gains in seven months on oil slide, foreign flows
Indian shares posted their biggest gain in seven months on Thursday, as oil prices fell after Democrats swept the US midterms and a global shift away from AI trades raised hopes of stronger foreign inflows. The benchmark Nifty 50 jumped 2.4% to 24,536.6, while the Sensex added 2.4% to 79,310.01. They have surged over 8% in six sessions, marking their longest winning run in a year. The gains raised hopes that Indian equities could reverse this year’s underperformance against global markets, after a record $29 billion in foreign outflows battered the rupee and fuelled calls for tax breaks on equ...
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