Indian Shares Post Strongest Gain in Seven Months
Indian equities recorded their largest daily advance in seven months. The surge was driven by falling oil prices and strong foreign inflows following US political shifts.
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India shares posted a 2.4% gain on Thursday, marking their largest increase in seven months driven by sliding oil prices and foreign inflows. The rally follows a global shift away from artificial intelligence trades and a Democratic sweep in the United States midterms. The surge helps reverse earlier underperformance in a year where equities faced $29 billion in foreign outflows.
