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Indian Stock Indices Rally as Crude Oil Prices Fall Sharply After US Midterm Results

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Sensex and Nifty50 rose on Thursday as crude oil prices dropped more than 8%. The decline followed the Democrats' decisive win in the US midterm elections. Investors appear to have reacted to the fall in oil costs, which can ease inflation and improve outlooks for oil-importing economies like India. The report describes the market gains as a significant boost to Dalal Street, with investor wealth reportedly rising by around Rs 7 lakh crore.

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