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Global Market Meltdown: Wall Street Bleeds Red as Indian Stocks Hold Ground

A severe sell-off triggered by concerns over artificial intelligence infrastructure spending and regulatory fears following the United States midterm elections wiped out trillions of dollars across global stock markets. Key Asian indices, including Taiwan's TAIEX, South Korea's KOSPI, and Japan's Nikkei, plunged sharply alongside heavy losses on Wall Street led by chipmakers such as NVIDIA and AMD. However, Indian markets demonstrated resilience, with both the Nifty and Sensex holding firm. Dalal Street emerged as a relative safe haven owing to its limited exposure to the global AI hardware boom and the economic relief provided by falling crude oil prices. Foreign institutional investors extended their buying streak to five consecutive sessions, purchasing nearly 15,000 crore rupees worth of Indian shares on Thursday, marking their largest single-day purchase in over a year. As international fund managers re-evaluate tech portfolios, India's domestic consumption, banking sector, and robust corporate earnings continue to attract substantial foreign capital inflows.

Gold Silver Price Dip on Dhanteras, Nifty Closes Above 25,000, M&M Cuts Tractor Outlook

On the final trading session of Samvat 2082, Indian benchmark equity indices surged to end at session highs, with the Nifty reclaiming the 25,000 mark and the Sensex crossing 80,000 points. Meanwhile, bullion prices experienced notable corrections on Dhanteras, triggering heavy consumer buying across retail jewellery hubs like Mumbai's Zaveri Bazaar. Market analysts Gaurang Shah of Geojit Investments and Naveen Mathur of Anand Rathi evaluated investment strategies for the upcoming Samvat 2083, advising staggered investments into equities and precious metals to balance risk. Renowned global investor Jim Rogers reiterated his long-term bullish stance on gold and silver, stating that he will never sell his holdings and highlighting recent price dips in silver as attractive entry points. In the corporate sector, Mahindra and Mahindra revised its domestic tractor industry volume guidance to flat for the financial year following deficient monsoon rainfall, low reservoir levels, and drought conditions in key agricultural regions.

Markets Eye Samvat Revival, Gold Corrects On Dhanteras, US Election Pushback

Indian equities witnessed volatile movements around Dhanteras as market analysts projected a confirmed uptrend leading into the next Samvat year. Key macroeconomic factors, including cooling crude oil prices, sharp corrections in gold and silver, and stabilizing foreign institutional investor flows, were highlighted as supportive elements for domestic sentiment. Gold prices dropped on the MCX, while silver extended its decline, prompting expectations of a revival in physical and exchange-traded fund demand with long-term compound annual growth forecasts. Meanwhile, retail automobile sales for October logged a notable decline year-on-year across passenger cars and two-wheelers, driven by the elevated base of the previous festive season. On the global front, discussions centered on the impact of the US election mandate, with observations on how congressional leverage through legislative oversight and appropriations could potentially push back against arbitrary tariffs and reshape trade and foreign policy dynamics.

BSE Market Cap Hits ₹500 Lakh Cr, Tata Trust Row & CERT-In Warning

Indian equity markets marked a historic milestone as the total market capitalisation of BSE-listed companies crossed the 500 lakh crore rupees mark. The Sensex rallied 2,100 points, extending its winning streak to six sessions, while the Nifty climbed back above the 24,540 mark led by strong gains across financial services, automobiles, and real estate sectors. Meanwhile, corporate developments saw internal friction at Sir Dorabji Tata Trust as former trustee Mally Mistry challenged his removal, raising governance concerns against Venu Srinivasan. Cybersecurity agency CERT-In also flagged high-severity vulnerabilities in Tata Motors' connected car applications, prompting the automaker to roll out necessary software patches. In commodity markets, gold and silver traded significantly lower ahead of Dhanteras following sharp corrections from their January peaks, while Adani Ports announced the acquisition of European liquid storage firm EVOS BV for an enterprise value of 2.56 billion euros.

Markets Rally on US Polls Boost, SEBI Relaxes KYC Rules, FSSAI Energy Drinks Move

Indian equity benchmarks surged at the opening bell, tracking a sharp tech-led rally in US markets following midterm election results. The Nifty opened higher above the 24,300 mark, supported by gains in banking, financial services, auto, and IT stocks, alongside an easing in crude oil prices and a stronger Indian rupee against the dollar. Bullion prices also saw gains ahead of Dhanteras and Diwali. In regulatory developments, the Securities and Exchange Board of India announced relaxed Know Your Customer norms for Non-Resident Indians, Overseas Citizens of India, and eligible foreign nationals from Financial Action Task Force-compliant nations, enabling completely digital onboarding with video-based verification from 3 December. Meanwhile, the Food Safety and Standards Authority of India accused prominent energy drink brands, including PepsiCo and Monster, of misleading consumers over high levels of caffeine, sugar, and taurine.

US Sanctions 4 Indians, 9 Firms in Maritime Fraud Crackdown Over Iranian Shadow Oil Fleet

The United States has announced sanctions against four Indian nationals and nine Indian companies for allegedly aiding Iran's shadow fleet to transport and sell oil illicitly. US Treasury Secretary Scott Bessent unveiled the measures under Operation Economic Outcast, accusing the network of conducting extensive maritime fraud by providing fraudulent registry websites, false flags, and unauthorised certifications to sanctioned vessels since 2014. Those designated include Chandigarh-based Sunil Kumar Sharma, his spouse Jaspreet Preeti Shahid, and business directors Ashwini Kumar Dhiman and Ishwinder Singh, associated with Aryavart Ship Management Private Limited.

US Midterms: Trump Faces Political Fallout, What Democratic Control Means For India And Global Ties

On India First, host Gaurav Sawant leads a panel featuring former Managing Director of the US-India Business Council Alexander Slater, Ambassador Veena Sikri, and Sandip Unnithan to assess the fallout of the US election results. Alexander Slater remarks, 'It's hard to really capture the way in which the political landscape in the United States changed last night,' observing that Democratic control of both chambers will empower congressional investigations into Donald Trump's administration and business interests. The discussion analyses how rising gas and diesel prices tied to the conflict in Iran drove voter backlash across the country. Ambassador Sikri highlights how domestic inflation and foreign policy missteps will compel the Republican Party to recalibrate ahead of 2028, warning against further escalations in West Asia. Sandip Unnithan compares Donald Trump's geopolitical predicament to historical precedents, while the panel also explores potential shifts in bilateral trade relations with India.

US Midterms: Iran Hails Trump's Setback, What Does The Verdict Mean For The Iran War And The World?

Democrats have flipped both the US House of Representatives and the Senate, dealing a major blow to President Donald Trump's legislative backing amid the ongoing war with Iran. While the US President retains wartime powers and executive control over foreign policy, a Democratic-controlled Congress now controls government funding and oversight. This legislative shift enables scrutiny over military spending, foreign aid cuts, and diplomatic engagements involving Iran, Russia, and Ukraine. For Ukraine, the congressional change may bring renewed legislative pushes for military assistance, though presidential veto powers remain a barrier. The shift also carries direct geopolitical and economic ramifications for India, including potential congressional scrutiny on trade negotiations, Russian oil imports, human rights, and visa policies, as well as business dealings linked to the administration.

US Midterms Shocker: Trump Threatens Iran With 'Heavy Hit' After Democrats Win Control Of Congress

US President Donald Trump has issued a fresh warning to Iran following a defeat in the US midterm elections, stating he might do something large involving a heavy hit. Trump acknowledged that the conflict with Iran could be partly responsible for the poll slump but maintained he does not regret launching the war. Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf reacted to the results, asserting that Americans said no to war and warning of consequences if public will is betrayed. Following the elections, Democrats secured control of both chambers of Congress, granting them committee gavels, subpoena powers, and oversight authority over Trump's administration, family, and business ventures, with some Democrats even suggesting a third impeachment. Trump conceded the election results, warning he could become 'Mr. Veto' to block Democratic legislation, whilst also claiming on social media that Republicans would have won by a landslide had he been on the ballot himself.

US Midterms: Democrats Win Congress, Trump Agenda Challenged, India Ties in Focus

A televised panel discussion examines the fallout of the US midterm election results, where the Democratic Party secured control of both the Senate and the House of Representatives. Analysts highlight that Democrats now hold subpoena and oversight powers to scrutinise the Trump administration, his business ventures, and his family. The debate assesses how this setback affects President Donald Trump's authority, noting his unilateral powers over foreign policy and military actions alongside his intent to exercise presidential vetoes against congressional proposals. Furthermore, experts analyze the trajectory of India-US bilateral relations, noting growing diplomatic friction during Trump's second term, domestic economic drivers behind the election outcome, and the implications of the midterm results for the Indian American community and its political influence in Washington.

Delhi Traders Urge Police Chief To Ban Festive Rallies After Claiming ₹14,000 Crore Loss

The Chamber of Trade and Industry has written to the Delhi Police Commissioner demanding that no rallies, protest marches, or sit-ins be permitted until November 11, the day of Bhai Dooj. The traders' body claimed businesses in the national capital suffered losses of around 14,000 crore rupees over the past month due to frequent political rallies and demonstrations. According to the organisation, protests in October caused 3,000 crore rupees in losses, while the November 1 opposition rally at Ramlila Maidan alone accounted for an 11,000 crore rupees blow. Traders urged authorities to stop granting protest permissions near major markets, including Connaught Place, Chandni Chowk, and Sadar Bazar, to prevent festive trade from being ruined.