Silver

Indian equity markets started Samvat 2083 positively with gains in banking stocks, a stronger rupee, and rising gold and silver prices after Diwali. Internationally, NVIDIA initiated an investigation into CEO allegations, while NSE chief expects global capital to return as AI investments cool.

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.

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.

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.

The Delhi government has carried out two rounds of cloud seeding trials near the Indira Gandhi International Airport over the past fortnight to explore artificial rain as a solution for rising air pollution. Sources indicate the operations were conducted at an altitude of roughly 30,000 metres, significantly higher than last year's trials. The exercise involves dispersing substances such as silver iodide and sodium chloride to stimulate precipitation. More trials are expected after the Diwali and Chhath festivals, with official announcements likely deferred until the results prove successful.

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.

Indian financial markets witnessed strong positive movement, with the benchmark index crossing the 23,900 level driven by broad-based sectoral buying across FMCG, banking, and healthcare counters. The domestic currency opened eighteen paise stronger at 94.56 against the US dollar, while precious metals slipped ahead of the festive season. At the same time, shifting political dynamics in the United States following the midterm elections indicated potential legislative gridlock, heightened regulatory oversight on key sectors, and ongoing scrutiny over trade tariffs and foreign policy matters. Market discussions also tracked global crude price movements tied to geopolitical tensions in the Middle East, foreign institutional investment flows, and international telecom expansion plans involving broadband technology licensing.

Indian equity markets opened higher with the Nifty crossing the 23,550 mark, supported by gains in IT, banking, and FMCG stocks. The Indian rupee opened stronger at 94.66 per dollar, gaining 24 paise. Meanwhile, gold and silver prices slid ahead of Dhanteras and Diwali, with MCX silver falling below 1.8 lakh rupees. Crude oil dropped overnight, easing pressure on the domestic economy amid ongoing geopolitical tensions and the US midterm elections. Adani Group announced plans to borrow 1.5 billion dollars via AdaniConnex as part of a 100 billion dollar investment in data centers by 2035. Corporate earnings remained in focus, with ITC posting a drop in profitability amid lower cigarette EBITDA, while Marico reported a 29 percent rise in net profit. Additionally, restaurants in Bengaluru, Mumbai, and Pune prepare for menu price hikes of 10 to 15 percent due to rising milk and commercial LPG costs. Sun Pharma recorded 11 percent revenue growth in the first half of the fiscal year.

Reports indicate that the Securities and Exchange Board of India has recommended scrapping the 12.5% long-term capital gains tax for foreign investors to encourage equity inflows and counter recent capital outflows. SEBI has also proposed tax relief for domestic mutual fund investors switching schemes after holding units for over a year. Meanwhile, Indian equity benchmarks witnessed a sharp rally, led by Reliance Industries surging over 9% and adding more than 1.2 lakh crore rupees to its market capitalization following strong quarterly earnings. Automobile manufacturers, including Maruti Suzuki and Hyundai, recorded robust October monthly sales, boosting sectoral stocks ahead of Dhanteras and Diwali. In commodities, gold and silver saw price corrections amid shifting demand. Separately, the Central Drugs Standard Control Organisation canceled the import registration for South Korean cosmetic brand FatX over misleading therapeutic claims, intensifying scrutiny across imported beauty products.

Indian equity benchmark Nifty opened lower near 22,705 amid the monthly options expiry, with Nifty Bank also trading flat with a negative bias. IT and FMCG stocks experienced downward pressure, while small caps, PSU banks, and pharma shares gained ground. The Indian rupee opened slightly stronger at 95.17 per dollar. Globally, Claude maker Anthropic filed to go public on the NASDAQ under ticker ANT at a potential valuation of up to 2 trillion dollars, while reporting an 81 billion dollar first-half net loss. Anthropic devoted over 90 pages of its prospectus to warning that advanced AI systems could manipulate humans, resist shutdowns, and circumvent safeguards. Speaking on the broadcast, market analyst Dharmesh Kant assessed the AI boom and advised a gradual recovery strategy for domestic markets. In corporate developments, Hyundai India outlined plans for 50 percent alternative powertrains by 2030, while Tata Motors' takeover bid for Italian truckmaker Iveco cleared an 80 percent threshold.

Indian equity markets started on a weak note with the Nifty breaching the key 22,500 support level and slipping towards 22,400. In currency and commodity trade, the Indian rupee opened stable at 94.93 per dollar, while MCX Silver jumped 1,300 rupees to 1.97 lakh rupees per kilogram and MCX Gold climbed 500 rupees to 1.42 lakh rupees per 10 grams. IT major Infosys faced selling pressure, dropping over two percent after lowering its guidance following Q2 numbers. Market analyst Avinash Gorakshakar advised avoiding crude-sensitive sectors such as oil marketing, paints, and chemicals amid elevated oil prices, while recommending defensive plays in hospitality, healthcare, and selective private banks. Meanwhile, Mumbai's aviation operations prepare for a significant transition, with airlines IndiGo and Air India Express scheduling phased shifts of domestic and Middle East international flights to the upcoming Navi Mumbai International Airport ahead of Terminal 1 redevelopment.

On The Business Today Show, anchor Sakshi Batra highlights major market movements, corporate developments, and cybersecurity threats. Benchmark indices fell amid escalating West Asia tensions, with crude surging past 112 dollars per barrel and Nifty closing at 22,687. Meanwhile, Jio Platforms IPO saw strong demand, gold and silver prices cooled, and the Centre weighed raising the FY28 fertilizer subsidy. In an exclusive conversation with India Today, US Secretary of State Marco Rubio discussed the progress of bilateral trade talks with India. Addressing negotiations on competitive tariff advantages and trade continuity, Rubio stated that both nations are very close to sealing an agreement, with only a small number of items left to negotiate. He emphasized that the trade pact aims to provide certainty and predictability for businesses and investors, ensuring long-term commercial governance and mutual benefits for both nations.

US Secretary of State Marco Rubio visited Reliance Industries' Jamnagar refinery complex, where he was hosted by Mukesh Ambani and Anant Ambani. The visit occurred as global crude oil surpassed 110 dollars per barrel and ahead of a planned US visit by Prime Minister Narendra Modi. Meanwhile, Indian markets experienced significant pressure, with the Nifty falling below the 22,600 mark amid broad-based selling across sectoral indices, led by metals and autos, while India VIX gained over 5 percent. In corporate news, HDFC Bank initiated an internal investigation into two senior executives regarding an alleged leak of confidential business strategies, confirming the review via an official statement. Additionally, Jio Platforms' initial public offering saw robust demand, crossing full subscription within 100 minutes of opening. Geojit Investments Senior Vice President Gaurang Shah shared his market outlook, discussing earnings and recommending a subscribe rating on the Jio Platforms IPO for long-term investors.

Reliance Industries subsidiary Jio Platforms is preparing to launch what is slated to be the largest initial public offering in the history of Indian capital markets, valued at an estimated ten point three lakh crore rupees at the upper price band. The issue, opening on twenty-first October with a price band between one thousand sixty-five and one thousand one hundred and nineteen rupees, consists entirely of fresh share issuance rather than an offer for sale. Meanwhile, Reliance Industries responded to public remarks by Elon Musk concerning satellite communication approvals in India, affirming that the conglomerate does not fear competition and welcomes all entrants provided they comply with the nation's regulatory frameworks. In broader market updates, mutual funds have halted fresh lump sum investments and new systemic investment plans in gold exchange-traded fund of funds ahead of the festive season to ease currency pressures, while the Indian rupee opened stronger against the dollar.

Prime Minister Narendra Modi met the Indian medal winners of the Asian Games organized in Japan, alongside Sports Minister Mansukh Mandaviya. India secured a total of 85 medals at the games, including 21 gold, 27 silver, and 37 bronze medals, taking the country's cumulative Asian Games tally past 800 medals. Several gold medals were secured in categories where India had not previously won gold. The contingent included numerous female athletes, boxers, and wrestlers, many hailing from small towns and rural areas across the country.

The Indian rupee strengthened by 60 paise against the US dollar to open at 95.17, recovering from recent 97 levels following reserve interventions by the Reserve Bank of India. In commodities, MCX silver dropped by 600 rupees to 2.22 lakh rupees per kilogram, while gold traded flat at 1.49 lakh rupees per 10 grams. Meanwhile, the International Monetary Fund raised India's FY27 economic growth forecast to 7% from 6.4%, while trimming China's outlook and warning about stretched global resilience and tight energy supplies. Dalal Street witnessed a weak start as the Nifty slipped below 22,300, even as IT stocks gained over 1.5% led by Tata Consultancy Services and HCLTech. Additionally, Tata Motors finalised an execution pact with Stellantis to manufacture passenger vehicles, including a prospective Jeep SUV based on the Tata Sierra platform, for more than 50 international export markets.

India secured historic victories at the Asian Games 2026, with Kumkum Mohod winning gold in the women's individual recurve archery event after defeating South Korea's Oh Ye-jin 6-5 in a shoot-off. In golf, Pranavi Sharath Urs claimed gold in the women's individual stroke play, ending a gold drought in individual golf since Shiv Kapur's win in 2002. The Indian team also secured silver in golf. With these wins, India reached 18 gold medals, holding the fifth spot in the overall medal tally, while the cricket team prepares for their gold medal match.

Tata Trusts faces leadership disputes as Vice Chairman Vijay Singh approached the Maharashtra Charity Commissioner regarding governance concerns at the Sir Dorabji Tata Trust, following a complaint by Venu Srinivasan. The move comes amid Tata Sons restructuring and potential succession discussions. Indian equity markets opened lower, with the Nifty falling below the 22,600 mark amid foreign institutional investor selling, while information technology and private bank stocks held gains. Automotive companies reported monthly sales data for September, showing volume expansion. Mahindra and Mahindra recorded a 15 percent rise in total sales to 1.14 lakh units, while Bajaj Auto registered a 5 percent increase in overall sales alongside a 32 percent surge in exports. Geopolitical discussions also gained traction following bilateral interactions between Indian leadership and United States officials over proposed trade talks and energy sanctions.

On the Business Today Show, anchor Sakshi Batra tracks closing action across Dalal Street as the Nifty slips 95 points to end near 22,620 and Sensex trades weak under pressure from elevated crude oil prices and global bond yield spikes. Market expert Pankaj Pandey analyses persistent equity market volatility, rate hike expectations from the Reserve Bank of India, credit quality concerns in the microfinance space, and emerging opportunities in railway and premium consumption stocks. The broadcast reviews Union Finance Minister Nirmala Sitharaman's scheduled meeting with traders over the proposed 0.4% UPI merchant discount rate fee. Meanwhile, the Maharashtra government declares 265 talukas drought-hit, directing banks and financial institutions not to harass farmers for crop loan recoveries while announcing a 10% urban water cut. Additionally, the Union Cabinet approves a 1.86 lakh crore rupee outlay for rabi minimum support price increases, including hikes for wheat and safflower, alongside the PM Dhara renewable scheme approval.

India recorded multiple gold medals at the Asian Games 2026, highlighted by Niru Dhanda and Kynan Chenai clinching the gold medal in the trap mixed team shooting event. The win marked India's ninth gold medal at the Games and Dhanda's third medal of the competition, following an individual trap gold and a team silver. In compound archery, India secured gold in the women's team event and defeated South Korea in the mixed event, with the men's compound archery team qualifying for the final. The victories elevated India to eighth place in the overall standings.