India's Sensex leaps 1,718 points to 81,028.02 amid Asian weakness
Business
Sensex had a huge day on Friday (November 6), soaring 1,718 points to close at 81,028.02, even though several other Asian markets were in the red thanks to worries about AI and US election drama.
While places like South Korea and Japan saw drops, India's stock market stood out with this big jump.
US gridlock, foreign inflows ₹14,975 cr
A few things lined up: The US midterm results pointed to political gridlock, which actually reassured investors by lowering the risk of sudden policy changes.
Plus, oil prices dropped below $95 a barrel, a win for India since it imports a lot of oil.
Foreign investors also poured in nearly ₹14,975 crore — the highest since September 2024 — and strong profits from top Indian companies helped keep the momentum going.