India, Nov. 2 -- Despite Fitch's unexpected downgrade of the nation's credit outlook, French stocks gained some ground in positive territory on Monday as oil prices fell sharply amid easing supply concerns on hopes the ongoing discussions involving Iranian officials and Qatari mediators could result in a positive outcome.

Traders were also reacting to reports suggesting that U.S. President Donald Trump wants to give diplomacy with Iran more time before resuming strikes.

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