Indian Benchmarks Turn Negative as Global Markets Slip on 6 November
Moneycontrol. com reported that Indian benchmark indices opened lower on 6 November, with the Sensex and Nifty slipping as global equity markets fell and the GIFT Nifty dropped. On 3 November, The Hindu noted that the Sensex and Nifty jumped after Brent crude fell more than 1 % and U. S. voters gave Democrats control of Congress, prompting foreign institutional investors to pour funds into Indian equities.
Livemint said the rupee rose to a two-week high of 94. 35 per dollar following the midterm outcome and the oil-price decline. NDTV added that the Sensex gained over 2,000 points, driven by an 8 % plunge in crude and renewed foreign buying, while U. S. markets rallied after the Democratic victory.