Siddhartha Khemka

Stories

Indian stocks rally as oil slide eases pressure on RBI

Watching how US policy on West Asia and crude prices shape the market after the midterms

Indian stocks have rallied for six straight sessions. The Nifty rose 2.4% to 24,536.60 on November 5, and the Sensex gained 2.6% to 79,310.01, as Brent crude fell below $100 a barrel after Democrats swept the US midterm elections.

Updated 6 days ago

Notable Quotes

Indian equities are likely to stay under pressure in the near term as a record global bond rout, renewed strength in crude and the heaviest foreign selling in six months weigh on sentiment.

from Indian stocks rally as oil slide eases pressure on RBI · Updated 6 days ago

The only credible near-term trigger is the earnings season.

from Indian stocks rally as oil slide eases pressure on RBI · Updated 6 days ago

Post the U.S. midterm elections, investor focus will shift to the U.S. administration's next course of action on West Asia, as any further escalation or diplomatic progress could significantly influence crude oil prices and global market sentiment in the near term.

from Indian stocks rally as oil slide eases pressure on RBI · Updated 6 days ago