Nifty Set for Gap-Up as Wall Street Surges, Crude Plunges

Wall Street rallied sharply after a sweeping Democratic midterm victory eased political uncertainty, with the Dow surging 1,500 points and the S&P 500 up 1.6%. GIFT Nifty points to a gap-up start for India after the Nifty's fifth straight session, its longest winning streak since June. Brent crude tumbled over 8% to around $95 a barrel on hopes of ending the war with Iran.