Stock Market Today, Nov. 5 -- The Indian stock market extended its sharp recovery on Thursday, November 5, as a steep decline in crude oil prices and improving global sentiment triggered a fresh wave of buying on Dalal Street. Investors cheered Democrats' victory in the US midterm elections, betting that the outcome could hasten the end of the US-Israeli war on Iran and ease geopolitical risks that have kept energy markets volatile. The optimism sent Brent crude prices to a two-month low, providing additional relief to oil-importing economies such as India.

The Sensex surged 2%, or 1,621 points, to an intraday high of 78,922.44, while the Nifty 50 advanced 431 points, or 1.8%, to touch 24,391.95.

Indian equity benchmarks extended their ...