{
  "id": 18247778,
  "title": "Crude crash, US midterm wave send Nifty surging past 24,300",
  "url": "https://urgent.news/2026/11/05/crude-crash-us-midterm-wave-send-nifty-surging-past-24-300",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T04:19:08.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/crude-crash-us-midterm-wave-send-nifty-surging-past-24300/article71668574.ece"
  },
  "original_language": "en",
  "account": "Thursday witnessed a broad-based rally across Indian stock markets as crude oil prices dropped nearly 10% and US midterm elections delivered a decisive outcome. The Nifty 50 surged 400 points to 24,360.70, while the Sensex climbed 1,418.56 points or 1.84% to 78,719.96. This marked the Nifty's sixth consecutive winning session, with key gains led by Shriram Finance, IndiGo, Asian Paints, and Tata Motors. Conversely, Apollo Hospitals experienced the steepest decline, falling 2.19% to 8,411. The rally was primarily fueled by a sharp drop in Brent crude oil prices, which fell close to 10% to around $94 per barrel following the Democratic sweep in the US midterm elections. This price decline came as Indian markets showed resilience and corporate earnings improved, alongside hopes of a potential revision in the long-term capital gains tax in the upcoming Union Budget. Foreign institutional investors purchased equities worth ₹20,834 crore over the previous four trading sessions, with net purchases of ₹7,284 crore recorded in the previous session alone. The US 10-year Treasury yields fell to around 4.87-4.89%, and the dollar posted its worst daily performance in two months, further adding to the positive global backdrop for emerging markets.",
  "summary": "Crude drops close to 10% to around $94 per barrel following the Democratic sweep in the US midterm elections",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Stock Market LIVE: GIFT Nifty jumps 300 pts as Brent crude slips below $100; Kospi tumbles 4%",
        "url": "https://urgent.news/2026/11/05/stock-market-live-gift-nifty-jumps-300-pts-as-brent-crude-slips-below",
        "published": "2026-11-05T02:32:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}