The Economic Times

COP31, kicking off November 9 in Antalya, Turkey, is all set to spotlight the global push for electrification. With a target to raise electricity's contribution to final energy demand to 35% by 2035, nations are keenly examining how electrification can effectively curb fossil fuel use.

Indian markets are likely to experience a decline on Friday following a global market selloff. Investor concerns are rising due to the impact of the US Democratic win on regulations and foreign policy. Both Nifty 50 and BSE Sensex ended their six-session winning streak on Thursday. Foreign institutional investors made substantial stock purchases amid shifting market dynamics related to AI.

In today

As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.

Top Republican lawmakers have requested Nvidia CEO Jensen Huang to provide a briefing on his connections to Alice Huang. This request follows allegations related to national security concerns involving advanced AI chips. Lawmakers emphasized the need to address the extent of risk posed to U.S. national security. Huang's discussions with numerous executives include ordinary business information, according to Nvidia's claims.

Japan's Nikkei share average plummeted over 5% amid escalating market fears tied to regulatory scrutiny and a slowdown in artificial intelligence advancements. This drop followed the Democratic wins in the US midterm elections, sparking substantial sell-offs in traditional tech stocks. Both S&P 500 and Nasdaq indices recorded significant losses in earlier sessions, signaling a prevailing cautious mood in the global tech stock landscape.

South Korea's KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decline was primarily driven by losses in technology and semiconductor shares. As a result, a circuit breaker was activated by the Korea Exchange to halt trading temporarily. Experts indicated that the reaction may be an overreaction to recent US midterm election outcomes.

Asian fuel oil benchmark prices underwent a steep decline this week, driven by expectations of heightened supplies from the Middle East. The shifting political landscape in the US Congress has ignited hopes for peace talks in the region. Simultaneously, enhanced supply conditions, particularly from UAE fuel oil exports, have emerged. While freight rates have shown some easing, they still exert pressure on cargo movements from Europe to Asia.

Shares for Elon Musk's ventures, SpaceX and Tesla, took a notable hit after the Democratic success in the midterm elections. Investors are now worried that these political changes could impede crucial data center expansions. The revenue streams for SpaceX's AI computing may face setbacks due to possible data center moratoriums, while Tesla's energy division is similarly affected.

Gold prices have seen a surge in early Asian markets, climbing by 0.4% as investors brace for the crucial US non-farm payrolls report. With a projected weekly increase of 5.9%, market sentiment remains optimistic. Two Federal Reserve officials have floated the idea of gradual interest rate hikes to tackle inflation.

Middle Eastern crude exports have increased in September and October, leading to declining spot premiums. Dubai's cash premium to swaps fell to 65 cents a barrel before recovering slightly. Murban crude exports reached a record of 2.4 million barrels per day in September. Asian refiners have shown reduced purchasing interest due to cooling refining margins. Competition with West African crude is intensifying as sellers offer steeper discounts to attract buyers.

Retail investors experienced significant losses as they sold over $1 billion in stocks due to rising fears. The Cboe Volatility Index spiked sharply, indicating increased market anxiety among traders and investors. Major stock indexes declined, driven down by fears that a Democratic sweep could hinder AI spending. Options market activity reflected heightened demand for hedges, as retail investor sentiment shifted.

Iran has sent a nuclear proposal to the United States via Qatar in response to seven demands. Mediators are actively working to prevent further conflict between Iran and the US after the midterm elections. The US is reportedly reviewing the proposal while Iran has set specific conditions for negotiations. These conditions include lifting sanctions and releasing frozen assets.

Bharti Airtel has reported a profit surge to

Mumbai: The Sensex on Thursday notched up its biggest single-day gains since April as overseas funds bought the most into Indian stocks in more than two years. The US midterm results sank oil prices and buoyed bets a Democratic congressional control would limit White House policy flip-flops and discourage artificial intelligence-heavy trades.Foreign institutional investors (FII) bought 14,975 crore worth of stock, provisional data on the NSE showed. This was the single-biggest daily buying by ov

The Securities and Exchange Board of India has introduced a new regulation allowing alternative investment fund managers to handle investor accreditation. This initiative is designed to streamline the accreditation process for investors looking for investment options. Managers are now authorized to evaluate eligibility during onboarding or at any stage of the scheme, providing greater flexibility.

New York: Indian-born democratic socialist Nithya Raman has been elected Mayor of Los Angeles, scripting history as she becomes the first South Asian mayor of the nation's second-largest city.Raman, 45, who was a Los Angeles City Council member, defeated incumbent 73-year-old Karen Bass in the November 3 mid-term elections.Also read: Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with TrumpWith this victory, America's two largest cities - New York and Los

Securities and Exchange Board of India has permitted mutual fund schemes to net fund obligations. This new regulation is set to come into effect starting April 1, 2027. It allows net settlement of funds at the individual scheme level while maintaining gross settlement for securities. Fund obligations cannot be adjusted across different schemes, and inter-scheme funding remains prohibited. Proceeds from outright sales must be funded separately for non-outright obligations.

South Koreas tech-heavy Kospi Index slid 8.8% in early trading, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 9%. Japans benchmark Nikkei 225 Stock Average lost 6.2%, while the MSCI Asia Pacific Index declined 2.9%. Futures pointed to losses in Taiwan, Hong Kong and China.

US Defense Secretary Pete Hegseth has vowed to resist impeachment efforts following recent congressional elections. After Republican losses, his handling of the Iran war faces scrutiny from lawmakers. President Donald Trump continues to express support for Hegseth despite rising opposition within Congress. Hegseth has defended military policies, claiming they are essential for national security and military funding. The newly formed Democratic majority intends to investigate Hegseth's tenure ext

Life Insurance Corporation of India reported a 20% year-on-year increase in net profit for the September quarter. Net premium income rose by 16.2% to

The BSE has hit a significant milestone as the collective market capitalization of listed firms exceeded

In October 2026, new demat account additions reached a nine-month high, driven by strong IPO activity. NSDL and CDSL reported adding nearly 3.36 million accounts during the month. The total number of demat accounts at the end of October was approximately 244 million. The increase in account openings was mainly influenced by the successful launch of several public issues.

Stock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Nasdaq entered correction territory. Fears that Democratic victories could slow AI data-center expansion triggered heavy losses in Nvidia, AMD, Micron and other technology stocks, wiping out Wednesday's gains.

Two officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe these adjustments should minimize disruptions for households, businesses, and financial markets. The Fed has left interest rates unchanged recently, with discussions ongoing about future hikes in December and early next year. The political landscape has shifted following the midterm elections, potentially changing price pressures in the economy.

JP Morgan has announced plans to include Saudi Arabia and the Philippines in its emerging market debt index starting in 2027. The Saudi riyal-denominated sukuk and Philippine peso-denominated government bonds will be integrated over a ten-month period. The index is expected to adjust the maximum country weight limit from 10% to 9%. Saudi Arabia's weight will reach 2.71%, while the Philippines will have a weight of 1.64%.

The average long-term mortgage rates in the U.S. decreased for the third consecutive week, offering some respite. The average 30-year fixed-rate mortgage declined to 7.18% from 7.24%, according to Freddie Mac. Additionally, the 15-year fixed-rate mortgages saw a drop to 6.57%, slightly down from last week. These lower rates help to alleviate the financial burden on prospective homebuyers facing increased costs.

As geopolitical tensions change the landscape, US Treasuries are witnessing a spike in demand while equity markets take a hit and oil prices show volatility. Investors are reassessing their outlook on the US-Iran relations following new election results. The labor market remains resilient with dropping unemployment claims and heightened productivity levels, pointing towards ongoing inflation risk.

Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI

Paras Healthcare announced a profit after tax of Rs 40.35 crore in the September quarter. This performance shows a significant increase from the net profit of Rs 12.38 crore reported last year. Revenue from operations reached Rs 510.89 crore, with expenses at Rs 463.12 crore during the same period. The company utilized a portion of its IPO proceeds to strengthen its balance sheet.

NVDA stock price today: Nvidia stock has come under fresh pressure amid concerns that data center restrictions could slow AI infrastructure spending. Shares fell below $200, but analysts remain bullish, with average price targets pointing to significant upside ahead of the company's November 17 earnings report.