US Midterm Election results impact on oil and IT shares: Reliance, Indian Oil, TCS, Infosys - 10 stocks from experts
Reliance Industries is in focus.
· LiveMint Markets
US Midterm Election results impact: Experts believe Trump's loss may cool down the H-1B Visas rules, Russian sanctions and the Midle East tensions, which may fuel buying interest in the IT, tech and oil…
The analysis
Against that, the stock is -0.1% on the day at ₹1,310.20, and has returned +1.6% over three months. It sits 18% below its 52-week high. The oil & energy sector has moved -2.4% over the same period, so Reliance Industries is running 4.0 points ahead of its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The 4 companies named span 2 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 3 of 4 are higher: Infosys leads at +2.9% and Reliance Industries trails at -0.1%.
- Over three months: Reliance Industries +1.6% against Oil & Energy -2.4% (4.0 points ahead); Indian Oil +0.3% against Oil & Energy -2.4% (2.7 points ahead); Tata Consultancy (TCS) -1.0% against IT -4.2% (3.2 points ahead); Infosys -3.4% against IT -4.2% (0.8 points ahead).
- At least 25% below the 52-week high: Tata Consultancy (TCS) (25%) and Infosys (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,310.20 | -0.1% | +12.3% | +1.6% | -17.7% | 0.5× | — |
| Indian OilIOC · Oil & Energy | ₹145.28 | +2.3% | +8.1% | +0.3% | -22.5% | 1.9× | — |
| Tata Consultancy (TCS)TCS · IT | ₹2,487.00 | +2.1% | +17.4% | -1.0% | -25.2% | 0.4× | — |
| InfosysINFY · IT | ₹1,161.00 | +2.9% | +9.0% | -3.4% | -31.3% | 0.4× | — |
Oil & Energy
1M +2.6% · 3M -2.4%
Reliance Industries, Indian Oil
IT
1M +6.4% · 3M -4.2%
Tata Consultancy (TCS), Infosys
Prices as of 5 Nov 2026, 13:04 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Global AI Stocks Fell On US Midterm Verdict. So Why Did TCS And Infosys Fall Too?
Stock Market LIVE: Sensex Flat, Nifty 50 Around 23,800; TCS, Infosys, HCL Tech Lead Losses; BEL, Adani Ent, ITC Gain
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
SBI to report RCom, Anil Ambani as wilful defaulters to credit bureaus
S&P affirms RIL's 'A-' credit rating, cites Jio listing, stronger earnings