US Midterm Election results lift banking, financial stocks - SBI Cards, Bajaj Finance, Axis, ICICI Bank surge up to 6%

Indian banking and financial stocks surged on Thursday, outperforming the broader market as foreign investors returned, crude oil prices fell and US midterm results lifted sentiment. The Nifty Financial Services index rose nearly 3% intraday, while Bank Nifty gained 2.2%.

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