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Sensex Jumps 1,400 Points as Oil Prices Ease

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Indian benchmark indices surged on the day, with the Sensex rising about 1,400 points. The rally came as global crude prices dropped sharply, with Brent falling 8.7% to $94.62 a barrel and West Texas Intermediate dropping 8.3% to $88.12. Market commentary linked the move to the Democratic Party's sweep in the US Congress, which investors read as a factor easing oil-market pressure. The article's source material is limited, so the full context of the political and market drivers is not detailed here.

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Sensex Jumps 1,400 Points as Oil Prices Ease · ShortSingh