India, Nov. 11 -- Indian shares rose sharply on Wednesday to hit an eight-month high, with investor sentiment boosted by continued foreign fund inflows, a moderation of the AI trade, and a retreat in crude oil prices to two-month lows on hopes for a de-escalation in the U.S.-Israeli war on Iran.
Global oil prices have tumbled more than $20 a barrel since late October 2026 as mediation efforts along with the Democratic sweep of Congress in the U.S. midterm elections stripped out much of the geopolitical risk premium.
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