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Global Affairs

Institutions, alliances, and leverage that do not belong to a single region. The Power desk now files here.

Briefing · Global Affairs7 min read

India's Stock Market Gains Rs 8 Lakh Crore in a Day: How US Politics and Falling Oil Prices Triggered a Rally

India's stock market staged one of its strongest rallies in seven months after the US midterm election results reshaped investor expectations. Falling oil prices, renewed foreign investment and optimism about geopolitical de-escalation combined to lift Indian equities. But the rally also exposes how dependent emerging markets remain on developments beyond their borders.