India Market Recap

Indian equity benchmarks extended their rally for the fifth consecutive session on Wednesday, November 4, with the Sensex and Nifty 50 gaining over 0.5% each. Buying interest in Auto, Metal and Realty stocks supported the broader market performance. The BSE Sensex advanced 383.55 points, or 0.50%, to close at 77,301.40, while the NSE Nifty 50 gained 149.75 points, or 0.63%, to settle at 23,960.60. The Bank Nifty also rose 373.55 points, or 0.67%, to end at 55,913.60. Indian equity indices are expected to open higher, tracking positive global cues, the outcome of the US midterm elections and a sharp decline in crude oil prices. Continued buying interest and easing geopolitical concerns may support near-term sentiment. On the technical front, Nifty support is placed around 23,700–23,800, while resistance is seen in the 24,200–24,300 range.

US Market Recap

US equities rallied sharply on Wednesday as investors welcomed the decisive Democratic victory in the US midterm elections and President Donald Trump's acceptance of the results. The Dow Jones Industrial Average gained over 1,000 points at the opening, while the S&P 500 and Nasdaq also moved higher. However, concerns over potential restrictions on data centre expansion continued to weigh on sentiment towards artificial intelligence-related stocks. The Dow initially advanced 2.25% to 52,953.38, while the S&P 500 rose 1.21% to 7,660.65 and the Nasdaq Composite gained 1.12% to 25,656.67. The rally strengthened further during the session, with the Dow closing 3% higher at 53,356.12, gaining more than 1,500 points. The S&P 500 ended 1.58% higher at 7,688.62, while the Nasdaq Composite advanced 1.44% to 25,736.51. The strong performance reflected improved investor confidence following the election outcome, although technology-sector concerns remained a key area of focus.

Asian Market Update

Asian markets traded largely higher on Thursday, November 5, tracking strong gains on Wall Street following the Democrats' sweeping victory in the US midterm elections. Japan's Nikkei 225 advanced 0.70%, while the broader Topix surged 2.20%. Australia's S&P/ASX 200 and New Zealand's NZX 50 also gained 1.56% and 1.85%, respectively. In contrast, South Korea's Kospi bucked the regional trend, declining over 2.5%. Overall, regional sentiment remained positive, supported by strong US market performance and easing concerns over geopolitical developments.

Commodity Check

Crude oil prices extended their decline on Thursday, with Brent crude trading below the $95-per-barrel mark after plunging nearly 9% in the previous session to reach a two-month low. Growing expectations of a possible de-escalation in the US–Iran conflict, following the Democrats' strong performance in the US midterm elections, eased concerns over potential disruptions to global oil supplies. Brent crude futures were last trading 0.14% lower at $94.50 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude was trading around $88 per barrel after settling 8.3% lower at $88.12 on Wednesday. Brent crude had declined 8.7% to settle at $94.62 in the previous session. Meanwhile, gold and silver prices rallied as the US dollar weakened to a one-month low following the US midterm election results. A weaker dollar makes dollar-denominated gold more affordable for overseas buyers, potentially supporting demand. In India, the upcoming Dhanteras festival is also contributing to domestic demand for precious metals. MCX Gold futures for December delivery surged over 2.7% on Wednesday, November 4, to settle at Rs. 1,43,234, moving above the Rs. 1,40,000 level. MCX Silver futures for December delivery also recorded strong gains, rising nearly 5% to close at Rs. 1,87,735.

Stocks In News

Earnings Highlights

ISGEC Heavy Q2 Highlights (YoY)
Jain Irrigation Q2 Highlights (YoY)
Lenskart Q2 Highlights (YoY)
Navneet Education Q2 Highlights (YoY)
Pricol Q2 Highlights (YoY)
Jash Engineering Q2 Highlights (YoY)
Nykaa Q2 Highlights (YoY)
Chemplast Sanmar Q2 Highlights (YoY)
Apollo Tyres Q2 Highlights (YoY)
Orkla India Q2 Highlights (YoY)
IRCON International Q2 Highlights (YoY)
Dabur Q2 Highlights (Cons, YoY)
JSW Dulux Q2 Highlights (YoY)
Kirloskar Oil Engines Q2 Highlights (YoY)
Swan Corp Q2 Highlights (YoY)
EPL Q2 Highlights (YoY)
RITES Q2 Highlights (YoY)
Torrent Power Q2 Highlights (YoY)
Aptus Value Housing Finance Q2 Highlights (YoY)
Interarch Building Products Q2 Highlights (YoY)
GMM Pfaudler Q2 Highlights (YoY)
Ashiana Housing Q2 Highlights (YoY)
Chalet Hotels Q2 Highlights (YoY)
Centum Electronics Q2 Highlights (YoY)
JK Lakshmi Cement Q2 Highlights (YoY)
PhysicsWallah Q2 Highlights (YoY)
SIS Q2 Highlights (YoY)
Somany Ceramics Q2 Highlights (YoY)
Sanathan Textiles Q2 Highlights (YoY)
JM Financial Q2 Highlights (QoQ)
63 Moons Technologies Q2 Highlights (YoY)
Apollo Hospitals Q2 Highlights (Cons, YoY)
BSE Q2 Highlights (QoQ)
Gujarat Pipavav Q2 Highlights (YoY)
Premier Energies Q2 Highlights (YoY)
SKF India Q2 Highlights (YoY)
Mayur Uniquoters Q2 Highlights (YoY)
KIMS Q2 Highlights (YoY)
Balkrishna Industries Q2 Highlights (YoY)
Shringar House Q2 Highlights (YoY)
PDS Q2 Highlights (YoY)
Lumino Industries Q2 Highlights (YoY)
Shipping Corporation Of India Q2 Highlights (YoY)
GR Infraprojects Q2 Highlights (YoY)
Kansai Nerolac Q2 Highlights (YoY)
Afcons Infrastructure Q2 Highlights (YoY)
eMudhra Q2 Highlights (QoQ)
NHPC Q2 Highlights (YoY)
Ellenbarrie Industrial Q2 Highlights (YoY)
PI Industries Q2 Highlights (YoY)
Websol Energy Q2 Highlights (YoY)
KSH International Q2 Highlights (YoY)
Aurobindo Pharma Q2 Highlights (YoY)
Entero Healthcare Q2 Highlights (YoY)
All Time Plastics Q2 Highlights (YoY)
Galaxy Surfactants Q2 Highlights (YoY)
NRB Bearings Q2 Highlights (YoY)
Augmont Enterprises Q2 Highlights (YoY)
Lohia Corp Q2 Highlights (YoY)
Max Estates Q2 Highlights (YoY)
ESAB India Q2 Highlights (YoY)