New Delhi, Nov. 11 -- Indian shares jumped over 1% on Wednesday, hitting an eight-month high as easing crude oil prices and caution around AI investments fuelled foreign inflows after a two-year-long exodus.

Indian markets lagged global peers for much of the last two years as investors chased AI-linked investments and higher oil prices dented the outlook for Asia's third-largest economy. But falling oil prices and AI stocks since the US midterm elections have prompted a rethink.

The Nifty 50 rose 1.25% to 25,358 and the Sensex gained 1.47% to 82,301.1, as of 10:07 a.m. IST (0437 GMT). They hit their highest levels since February 27.

The Nifty 50 and Sensex have soared 10% and 10.5%, respectively, so far in November, on track for their ...