{"id":339967,"date":"2026-11-05T11:30:01","date_gmt":"2026-11-05T06:00:01","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=339967"},"modified":"2026-11-05T11:30:01","modified_gmt":"2026-11-05T06:00:01","slug":"us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/","title":{"rendered":"US Midterm Election Impact on Oil and IT Stocks: How Reliance, Indian Oil, TCS and Infosys Reacted to the Democratic Win"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Reliance Rs 1,313.60 (+0.2%), Indian Oil Rs 145.97 (+2.77%), TCS Rs 2,483.80 (+1.96%), Infosys Rs 1,162.60 (+3.05%). NSE, about 11:22 AM IST, 5 Nov 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The US midterm election impact on oil and IT stocks showed up quickly on 5 November 2026: Indian Oil rose 2.77%, Infosys 3.05% and TCS 1.96%, while Reliance was up 0.2%. Press reports say Democrats won Congress.<\/p>\n<\/p><\/div>\n<p>The <strong>US midterm election impact on oil and IT stocks<\/strong> showed up quickly on 5 November 2026: Indian Oil rose 2.77%, Infosys 3.05% and TCS 1.96%, while <strong>Reliance<\/strong> was up only 0.2% as of about 11:22 AM IST on 5 November 2026. Press reports say Democrats won control of Congress. Experts quoted by Mint see a possible easing in H-1B visa rules, Russian sanctions and Middle East tensions. This guide separates what is known from what is still uncertain. It is not investment advice.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#How_Oil_and_IT_Stocks_Moved_on_5_November_2026\" title=\"How Oil and IT Stocks Moved on 5 November 2026\">How Oil and IT Stocks Moved on 5 November 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Why_IT_Stocks_Reacted_to_the_US_Midterm_Results\" title=\"Why IT Stocks Reacted to the US Midterm Results\">Why IT Stocks Reacted to the US Midterm Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Why_Oil_Stocks_Are_in_Focus\" title=\"Why Oil Stocks Are in Focus\">Why Oil Stocks Are in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#What_We_Could_Not_Confirm\" title=\"What We Could Not Confirm\">What We Could Not Confirm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Key_Risks_to_Watch\" title=\"Key Risks to Watch\">Key Risks to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Frequently_Asked_Questions_on_the_US_Midterm_Election_Impact_on_Oil_and_IT_Stocks\" title=\"Frequently Asked Questions on the US Midterm Election Impact on Oil and IT Stocks\">Frequently Asked Questions on the US Midterm Election Impact on Oil and IT Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#How_did_IT_stocks_react_to_the_US_midterm_election_results\" title=\"How did IT stocks react to the US midterm election results?\">How did IT stocks react to the US midterm election results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Will_the_midterm_result_ease_H-1B_visa_rules\" title=\"Will the midterm result ease H-1B visa rules?\">Will the midterm result ease H-1B visa rules?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#How_did_Reliance_and_Indian_Oil_move_on_5_November_2026\" title=\"How did Reliance and Indian Oil move on 5 November 2026?\">How did Reliance and Indian Oil move on 5 November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Why_is_crude_oil_important_for_Indian_stocks_after_the_midterms\" title=\"Why is crude oil important for Indian stocks after the midterms?\">Why is crude oil important for Indian stocks after the midterms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#What_is_the_risk_from_Russian_oil_sanctions\" title=\"What is the risk from Russian oil sanctions?\">What is the risk from Russian oil sanctions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Which_10_stocks_did_experts_name_in_the_Mint_report\" title=\"Which 10 stocks did experts name in the Mint report?\">Which 10 stocks did experts name in the Mint report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Did_the_Indian_market_rise_overall_on_5_November_2026\" title=\"Did the Indian market rise overall on 5 November 2026?\">Did the Indian market rise overall on 5 November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/us-midterm-election-impact-on-oil-and-it-stocks-reliance-tcs-infosys-5-november-2026\/#Is_it_a_good_time_to_buy_oil_and_IT_stocks_after_the_midterm_results\" title=\"Is it a good time to buy oil and IT stocks after the midterm results?\">Is it a good time to buy oil and IT stocks after the midterm results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Oil_and_IT_Stocks_Moved_on_5_November_2026\"><\/span><strong>How Oil and IT Stocks Moved on 5 November 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Stock or index<\/th>\n<th>Price (Rs)<\/th>\n<th>Day change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/reliance\/reliance-industries-ltd-share-price-today\">Reliance Industries<\/a><\/td>\n<td>1,313.60<\/td>\n<td>+0.20%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/ioc\/indian-oil-corporation-ltd-share-price-today\">Indian Oil Corporation<\/a><\/td>\n<td>145.97<\/td>\n<td>+2.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/tcs\/tata-consultancy-services-ltd-share-price-today\">Tata Consultancy Services<\/a><\/td>\n<td>2,483.80<\/td>\n<td>+1.96%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/infy\/infosys-ltd-share-price-today\">Infosys<\/a><\/td>\n<td>1,162.60<\/td>\n<td>+3.05%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/techm\/tech-mahindra-ltd-share-price-today\">Tech Mahindra<\/a><\/td>\n<td>1,830.50<\/td>\n<td>+2.66%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/indices\/niftyit\/nifty-it-share-price-today\">Nifty IT<\/a><\/td>\n<td>32,810.95<\/td>\n<td>+2.34%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a><\/td>\n<td>24,384.50<\/td>\n<td>+1.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a><\/td>\n<td>78,783.71<\/td>\n<td>+1.92%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Prices are from NSE and BSE data as of about 11:22 AM IST on 5 November 2026. Oil was not a one-way trade. Indian Oil gained, while MCX crude oil for November 19 was down 1.03% at Rs 8,278 and ONGC fell 2.08% to Rs 230.12. The pattern fits a simple idea: lower crude helps refiners and fuel marketers more than it helps producers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_IT_Stocks_Reacted_to_the_US_Midterm_Results\"><\/span><strong>Why IT Stocks Reacted to the US Midterm Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indian IT companies earn most of their revenue from the United States, so US politics matters to them. Business Standard noted that TCS and Infosys rely heavily on the H-1B program for skilled labour, and that the Trump administration has sought to curb it. A Congress with more oversight of the White House could, in theory, slow tighter visa rules.<\/p>\n<p>CareEdge Ratings was more cautious. It said the impact on H-1B rules would stay broadly neutral because those areas are largely shaped by the White House and the courts. So the market&#8217;s cheer is an expectation, not a change in law.<\/p>\n<p>History offers a loose guide only. After the Democratic win in 2020, large Indian IT stocks gained between 17% and 29% over three months, according to an Invezz report. Past moves do not repeat on demand, and 2026 conditions differ.<\/p>\n<table>\n<thead>\n<tr>\n<th>Factor<\/th>\n<th>Possible effect on IT stocks<\/th>\n<th>Certainty<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>H-1B visa rules<\/td>\n<td>Easier stance if Congress pushes back<\/td>\n<td>Low, policy sits with White House and courts<\/td>\n<\/tr>\n<tr>\n<td>Weaker US dollar<\/td>\n<td>Mixed for rupee revenue translation<\/td>\n<td>Medium<\/td>\n<\/tr>\n<tr>\n<td>Foreign investor flows<\/td>\n<td>Supportive if money rotates to India<\/td>\n<td>Medium<\/td>\n<\/tr>\n<tr>\n<td>US tech spending<\/td>\n<td>Slowdown in AI investment could cut both ways<\/td>\n<td>Low<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare IT stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Oil_Stocks_Are_in_Focus\"><\/span><strong>Why Oil Stocks Are in Focus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CareEdge called crude oil prices the most immediate channel through which the midterm result could touch India, because of their link to inflation, the current account deficit and markets. A softer crude price usually helps oil marketing companies that buy crude and sell fuel.<\/p>\n<p>Sanctions are the other half. A CareEdge report noted that the waiver issued on 16 October under the Lindsey O. Graham Sanctioning Russia and Iran Act has no expiry date and can be withdrawn at any time. Indian officials cited by Business Standard added that President Trump still has the power to impose levies of up to 100% on top buyers of Russian energy under a bill signed in September. CareEdge also said the new Congress could raise scrutiny of India&#8217;s oil and defence purchases from Russia.<\/p>\n<p>Reliance and Indian Oil both buy Russian crude, according to Reuters reports from 2025. That keeps sanctions news relevant to both, even when the headline mood is positive.<\/p>\n<table>\n<thead>\n<tr>\n<th>Oil-side driver<\/th>\n<th>What it could mean<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Falling crude price<\/td>\n<td>Lower input cost for refiners and marketers<\/td>\n<\/tr>\n<tr>\n<td>Sanctions waiver can be withdrawn<\/td>\n<td>Supply and pricing risk for Russian crude buyers<\/td>\n<\/tr>\n<tr>\n<td>Congress scrutiny<\/td>\n<td>Possible questions on India&#8217;s Russian purchases<\/td>\n<\/tr>\n<tr>\n<td>Middle East tension easing<\/td>\n<td>Lower risk premium in crude<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"What_We_Could_Not_Confirm\"><\/span><strong>What We Could Not Confirm<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Mint headline refers to 10 stocks from experts, but only Reliance, Indian Oil, TCS and Infosys are named in it. We have not named the other six, because the full list was not available to us, and we do not guess. Target prices and stop-losses from the experts were also not accessed, so none are quoted here.<\/p>\n<p>One more note on tone. Reuters reported that data-centre and chip stocks fell in Asia on fears of AI regulation. A Democratic Congress could bring more tech oversight, which is a reminder that the same result can help one group of stocks and worry another.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track oil and IT stocks on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Watch\"><\/span><strong>Key Risks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Risk<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Tariff action by the White House<\/td>\n<td>Congress does not control every trade lever<\/td>\n<\/tr>\n<tr>\n<td>Crude oil reversal<\/td>\n<td>A rebound would reduce the benefit to refiners<\/td>\n<\/tr>\n<tr>\n<td>Profit booking<\/td>\n<td>IT and oil stocks rose together in one session<\/td>\n<\/tr>\n<tr>\n<td>Rate and currency moves<\/td>\n<td>Analysts say these can limit further gains<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>US midterm election impact on oil and IT stocks<\/strong> is real in price terms but still uncertain in policy terms. IT gained on hopes of easier visa rules, and oil marketers gained on softer crude, yet CareEdge sees only limited relief and key risks remain. Follow data, not headlines.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_US_Midterm_Election_Impact_on_Oil_and_IT_Stocks\"><\/span><strong>Frequently Asked Questions on the US Midterm Election Impact on Oil and IT Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_did_IT_stocks_react_to_the_US_midterm_election_results\"><\/span><strong>How did IT stocks react to the US midterm election results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Infosys rose 3.05%, Tech Mahindra 2.66%, TCS 1.96% and the Nifty IT index 2.34% as of about 11:22 AM IST on 5 November 2026. The move followed reports that Democrats won control of Congress, which investors read as a possible easing of visa and trade pressure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_the_midterm_result_ease_H-1B_visa_rules\"><\/span><strong>Will the midterm result ease H-1B visa rules?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is not certain. Business Standard said the result has likely implications for immigration policy, but CareEdge Ratings said the effect on H-1B rules would stay broadly neutral because the White House and courts largely decide them.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Reliance_and_Indian_Oil_move_on_5_November_2026\"><\/span><strong>How did Reliance and Indian Oil move on 5 November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reliance Industries traded at Rs 1,313.60, up 0.2%, while Indian Oil Corporation traded at Rs 145.97, up 2.77%, as of about 11:22 AM IST on 5 November 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_crude_oil_important_for_Indian_stocks_after_the_midterms\"><\/span><strong>Why is crude oil important for Indian stocks after the midterms?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CareEdge called crude the most immediate channel for India, because it feeds into inflation, the current account deficit, the fiscal deficit and financial markets. Lower crude generally helps refiners and fuel marketers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_risk_from_Russian_oil_sanctions\"><\/span><strong>What is the risk from Russian oil sanctions?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The waiver issued on 16 October has no expiry date and can be withdrawn at any time, according to CareEdge. Officials also said the US president can still impose levies of up to 100% on top buyers of Russian energy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_10_stocks_did_experts_name_in_the_Mint_report\"><\/span><strong>Which 10 stocks did experts name in the Mint report?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline names Reliance, Indian Oil, TCS and Infosys. We did not have access to the full list of 10, so we have not named the others or guessed them.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_the_Indian_market_rise_overall_on_5_November_2026\"><\/span><strong>Did the Indian market rise overall on 5 November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The Sensex was at 78,783.71, up 1.92%, and the Nifty 50 at 24,384.50, up 1.77%, as of about 11:22 AM IST on 5 November 2026, with the Nifty Bank up 2.18%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_it_a_good_time_to_buy_oil_and_IT_stocks_after_the_midterm_results\"><\/span><strong>Is it a good time to buy oil and IT stocks after the midterm results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Univest cannot give personal advice. The rally reflects expectations that may change, and risks such as tariffs, sanctions and profit booking remain. Check valuations and your risk profile, and consult a SEBI-registered adviser before acting.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How did IT stocks react to the US midterm election results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Infosys rose 3.05%, Tech Mahindra 2.66%, TCS 1.96% and the Nifty IT index 2.34% as of about 11:22 AM IST on 5 November 2026. The move followed reports that Democrats won control of Congress, which investors read as a possible easing of visa and trade pressure.\"}},{\"@type\":\"Question\",\"name\":\"Will the midterm result ease H-1B visa rules?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is not certain. Business Standard said the result has likely implications for immigration policy, but CareEdge Ratings said the effect on H-1B rules would stay broadly neutral because the White House and courts largely decide them.\"}},{\"@type\":\"Question\",\"name\":\"How did Reliance and Indian Oil move on 5 November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reliance Industries traded at Rs 1,313.60, up 0.2%, while Indian Oil Corporation traded at Rs 145.97, up 2.77%, as of about 11:22 AM IST on 5 November 2026.\"}},{\"@type\":\"Question\",\"name\":\"Why is crude oil important for Indian stocks after the midterms?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"CareEdge called crude the most immediate channel for India, because it feeds into inflation, the current account deficit, the fiscal deficit and financial markets. Lower crude generally helps refiners and fuel marketers.\"}},{\"@type\":\"Question\",\"name\":\"What is the risk from Russian oil sanctions?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The waiver issued on 16 October has no expiry date and can be withdrawn at any time, according to CareEdge. Officials also said the US president can still impose levies of up to 100% on top buyers of Russian energy.\"}},{\"@type\":\"Question\",\"name\":\"Which 10 stocks did experts name in the Mint report?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The headline names Reliance, Indian Oil, TCS and Infosys. We did not have access to the full list of 10, so we have not named the others or guessed them.\"}},{\"@type\":\"Question\",\"name\":\"Did the Indian market rise overall on 5 November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The Sensex was at 78,783.71, up 1.92%, and the Nifty 50 at 24,384.50, up 1.77%, as of about 11:22 AM IST on 5 November 2026, with the Nifty Bank up 2.18%.\"}},{\"@type\":\"Question\",\"name\":\"Is it a good time to buy oil and IT stocks after the midterm results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Univest cannot give personal advice. The rally reflects expectations that may change, and risks such as tariffs, sanctions and profit booking remain. Check valuations and your risk profile, and consult a SEBI-registered adviser before acting.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US midterm election impact on oil and IT stocks: Reliance, Indian Oil, TCS and Infosys moved on 5 November 2026. See drivers, prices and risks.<\/p>\n","protected":false},"author":34,"featured_media":339965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[20215,20213,3791,1133,12773,610,20216,1241,20210],"class_list":["post-339967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-h-1b-visa","tag-indian-oil","tag-infosys","tag-it-stocks","tag-oil-stocks","tag-reliance","tag-russian-oil-sanctions","tag-tcs","tag-us-midterm-election"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["339965"],"rank_math_title":["US Midterm Election Impact on Oil and IT Stocks: Reliance"],"rank_math_description":["US midterm election impact on oil and IT stocks: Reliance, Indian Oil, TCS and Infosys moved on 5 November 2026. 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