Sensex Surges 2,009 Points, Nifty Gains 576

Sensex Surges | Indian stock markets recorded their biggest single-day gain in seven months on Thursday. Falling crude oil prices, foreign investor buying and global market shifts lifted investor sentiment.

The benchmark Nifty 50 climbed 576 points, or 2.4%, to close at 24,536.60. Meanwhile, the Sensex surged 2,008.61 points, or 2.6%, to settle at 79,310.01.

Both indices extended their winning streak to six consecutive sessions, their longest in a year. They have gained more than 8% during this period.

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Since October 28, the Sensex has advanced 6,063.98 points. The Nifty has gained 1,837.75 points.

Sensex surges | US Election Outcome and Falling Oil Lift Sentiment

The rally followed a sweeping victory for Democrats in the US midterm elections. The party secured control of both the Senate and the House of Representatives.

Investors expect the new political balance to increase pressure on President Donald Trump. It has also raised hopes of an end to the US-Iran war.

The conflict, along with the Trump administration’s global tariff policies, had contributed to pressure on Indian markets. Analysts said stronger checks on sudden US policy changes could improve investor confidence.

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“Checks on abrupt US policy changes improve risk sentiment,” said Vinit Bolinjkar of Ventura Securities.

Crude oil prices also supported the rally. Brent crude fell 8.7% in the previous session, reaching a two-month low.

However, Brent futures recovered around 1% to trade near $96 per barrel on Thursday. The earlier decline had eased concerns over India’s import bill and inflation.

Sensex surges | Foreign Investors Return to Indian Equities

Foreign portfolio investors bought Indian shares worth ₹7,284 crore on Wednesday. This was their biggest single-day purchase since October 2025, according to provisional data.

The inflows raised hopes of a reversal in foreign investor selling. Overseas investors had withdrawn a record $29 billion from Indian equities this year.

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The outflows had weakened the rupee and intensified demands for tax relief on equity investments.

Anand Gupta, lead portfolio manager for India equities at Allianz Global Investors, said Indian valuations had become attractive.

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“India’s valuation premium relative to MSCI EM is at an all-time low,” Gupta said. He cited accelerating earnings, below-average valuations and low foreign ownership.

Despite the latest rally, the Nifty remains down 6.1% in 2026. The Sensex has declined 6.9% over the same period.

AI Trade Rotation Supports Indian IT Stocks

Global investors have also shifted away from artificial intelligence-linked stocks. Concerns over tighter scrutiny of AI data centres have pressured global chip shares and the US dollar.

Indian IT stocks, which often move inversely to chip stocks, gained 2.4% on Thursday.

The developments have raised expectations of stronger foreign inflows into Indian equities. However, the market’s longer-term direction will also depend on earnings, crude prices and global economic conditions.