Stock Market Surge Adds Rs 8 Lakh Crore After Crude Oil Prices Crash

Indian stock markets witnessed a massive rally as the <b>Sensex surged by 2,000 points</b> following a significant drop in global crude oil prices by over 8% on Thursday. According to market reports, the sharp decline in energy costs boosted investor confidence immensely, resulting in <b>investors adding Rs 8 Lakh Crore</b> to their wealth in a single trading session.<br><br>The sudden market upswing was primarily driven by positive global cues, including reactions to the recent <b>US midterms election results</b>. Financial analysts noted that lower oil prices ease inflationary pressures on importing nations like India, providing a strong tailwind for domestic equities and overall economic sentiment across major sectors.