India, Nov. 4 -- French stocks gained notable ground in positive territory on Wednesday as weak oil prices and lower bond yields helped underpin sentiment. In addition to tracking corporate earnings, investors closely followed political news from the U.S. where Democrats took control of both houses of Congress in a dramatic win in the midterm elections.

The defeat of the Republicans in the midterm elections has raised uncertainty over tech regulation, trade policy and the U.S. budget deficit.

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