Oil prices hit two-month low after U.S. Democratic win
Indian stock markets are expected to rally following the Democratic victory in the U.S. midterm elections, which investors believe will reduce geopolitical uncertainty. The market is also responding to a significant drop in global crude oil prices and increased foreign institutional investment.
Why it matters
Political shifts in the U.S. are directly impacting emerging market sentiment and global energy pricing, signaling a potential shift in investor confidence.
Indian shares are expected to open higher on Thursday (November 5, 2026), as crude oil prices slumped to a two-month low as investors bet that Democrats’ victory in US midterm elections could hasten the end of the U.S.-Israeli war on Iran. GIFT Nifty futures were at 24,295.5 as of 8:01 a.m. IST, indicating a positive start for the benchmark Nifty 50 , which closed at 23,960.6 on Wednesday (November 4, 2026). U.S. midterm elections 2026 LIVE updates https://www.thehindu.com/news/international/us-midterm-elections-2026-results-trump-senate-congress-races-winners-losers-live-updates-republicans-democrats/article71668404.ece Foreign investors bought Indian shares worth ₹72.84 billion ($769.65 million) on Wednesday (November 4, 2026, as per provisional data. This marks their fourth straight session of buying, suggesting they may be returning to India after a strong sell-off this year. Brent crude futures dropped 1% to $93.5 per barrel, after an 8.7% slide in the previous session. U.S.
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