India's Nifty climbs 11% in ten days as large caps lead
The Economic Times reported that India's Nifty index rose 10. 75% over ten trading days, ending on 6 November, as large-cap stocks led the rally and foreign institutional investors poured in, while mid-cap, small-cap and micro-cap indices slipped. The surge followed an earlier market rally that began on 3 November after Brent crude fell more than 1% and U. S. midterm elections gave Democrats control of Congress, prompting foreign fund inflows and optimism about a possible U. S.
–Iran de-escalation, as noted by The Hindu. Livemint said the rupee reached a two-week high of 94. 35 per dollar on the same sentiment boost. NDTV added that the Sensex jumped over 2,000 points amid the oil price plunge and renewed foreign buying. Moneycontrol. com warned that Indian benchmarks were expected to open lower on 6 November due to global declines, but later reported that the Sensex closed at about 81,028 and the Nifty at 25,030, driven by private-bank gains while mid- and small-cap stocks fell.
