The Economic Times

Donald Trump recognized the influence of the Iran war on Republican performance in the recent midterm elections. He acknowledged that voters were likely concerned about rising gasoline prices due to the conflict with Iran. While open to working with Democrats on immigration, Trump expressed intentions to veto any proposals he found unacceptable. He stated he does not anticipate changes within his cabinet following the electoral results.

Vivek Ramaswamy defeat: Democrat Amy Acton beat Ramaswamy, whose campaign -- backed by Donald Trump and big funding --failed to connect with voters worried about living costs. A controversial advertisement -- which drew sharp criticism from across the political spectrum -- may have backfired too.

Donald Trump announced his intention to become a political pundit to analyze the 2026 midterm elections. This decision follows significant gains made by Democrats, who regained control of the House of Representatives. The results represent a notable setback for Trump and the Republicans during the elections. Voter dissatisfaction over the economy and various issues contributed to these outcomes.

Virat Kohli celebrates his birthday on November 5th while competing in the ODI series against New Zealand. His stunning residence in Gurgaons DLF Phase 1 is valued at approximately 80 crores. Spanning over 10,000 square feet, this modern bungalow features luxurious interiors, a swimming pool, expansive glass windows, and beautifully landscaped outdoor areas, providing both comfort and privacy for the cricket star.

Delhi Police has taken action against advocate Prashant Bhushan by filing an FIR for sharing a deceptive video purportedly from Sergey Lavrov, which harshly critiques India's oil imports from Russia. Confirmations from the Ministry of External Affairs and the Russian Embassy reveal the video is misleading. Concerns are rising that this could jeopardize India-Russia relations, with suggestions of involvement from Pakistani entities, as the SCO Civilisational Dialogue in Delhi approaches.

The Indian stock market has surged, with both Sensex and Nifty climbing to their highest points in two months. As investors keep a keen eye on outcomes from the US midterm elections, which could influence international exchanges, major sectors such as Realty and FMCG have thrived. There's a marked increase in buying from foreign institutional investors, suggesting renewed confidence in large-cap stocks.

As the cautious journey of Samvat 2083 unfolds against a backdrop of external challenges, JM Financial unveils ten promising stocks for Diwali investment. ICICI Bank stands out for anticipated returns and robust loan growth. Bharat Electronics and Eternal are recognized for their strategic sector positions and remarkable growth prospects. In light of a volatile market shaped by global incidents, these selections embody long-term growth potential despite current economic uncertainties.

HDFC Securities unveils a list of ten promising stocks ideal for festive season investments, showcasing growth prospects across multiple sectors. This selection features established giants such as Ambuja Cements and rising stars like Emcure Pharmaceuticals. Each stock comes with a recommended investment range aimed at enticing upside targets. Investors are urged to align their picks with personal sector strategies and market trends, enabling a well-rounded approach to opportunities.

Democrats made significant gains in the 2026 US midterm elections, winning key races in Ohio, Texas, and South Carolina. Amy Acton defeated Vivek Ramaswamy in Ohio, while James Talarico secured the Senate seat in Texas. Annie Andrews' victory in South Carolina ended years of Republican dominance in the state. Additionally, Democrats flipped a Senate seat in North Carolina and held on in Georgia.

Arisinfra Solutions reported a 110% jump in first-half profit as revenue and operating margins improved. Strong growth in contract manufacturing and its Developer as a Service business helped the company post its highest-ever quarterly profit.

Emcure Pharma shares hit a 10% upper circuit after strong Q2 FY27 results prompted the company to raise its full-year growth guidance. Brokerages turned more positive, citing robust international business, improving domestic growth and a strong product pipeline.

Six Nifty500 stocks gained over 4% on November 3 and featured in StockEdges White Marubozu bullish scanner. The candlestick pattern indicates strong buying momentum, with stocks closing near their session highs.

Gina Hinojosa has been elected as Texas' first Democratic governor in over three decades. She won against incumbent Greg Abbott, marking a significant shift in Texas politics. Hinojosa emphasized populist issues and distanced herself from the progressive label during her campaign. Her victory signals potential changes in policy direction, with Democrats gaining a veto power. The outcome reflects broader trends impacting Republican strength in Texas.

Adam Hamilton achieved a historic victory in Kansas, becoming the first Democrat elected to the US Senate in 94 years. He defeated Trump-backed Republican Roger Marshall in a contest initially deemed safely Republican. Hamilton, who emphasizes affordability and bipartisanship, campaigned effectively amidst a changing political landscape. The race gained attention from notable figures, including Donald Trump and Vice President JD Vance.

With Diwali 2026 on the horizon, banking stocks like HDFC Bank, ICICI Bank, and Karur Vysya Bank are drawing attention from analysts as potential winners for Samvat 2083. Following a period of volatility, these stocks are anticipated to regain momentum, driven by consistent loan growth and enhanced management practices. Investors are advised to navigate the changing landscape prudently as opportunities unfold.

The government is considering implementing a 2% transaction-based levy on aggregators to support social security for gig workers. This levy will fund benefits such as insurance, health, and maternity support for over 12 million workers. There is a consensus that this approach ensures fairness among different types of aggregators. The new scheme is expected to be launched in 2027, requiring gig workers to meet specific work criteria.

Janeese Lewis George won the recent mayoral election and will take office on January 2. She will face significant challenges, including local governance issues and financial difficulties. After a period of job losses, the city anticipates potential revenue drops, prompting tax consideration discussions. Lewis George emphasizes addressing the city's affordability crisis amid Trump's ongoing influence. She has a unique opportunity to reshape policies within the city's limited autonomy.

M.K. Sons Fine Jewels made its stock market debut at a 6% premium over its IPO price. The company raised Rs 275.40 crore through its initial public offering, which saw high investor interest. Shares opened at Rs 171 compared to the issue price of Rs 162, indicating strong demand. The company's financial performance showed significant growth, with income rising to Rs 539 crore in FY26.

Amid ongoing U.S.-Iran tensions, a fiery incident involving four oil tankers took place as they struck naval mines in the Strait of Hormuz, with claims from Iran's Islamic Revolutionary Guards Corps that two other vessels were disrupted. These events follow military strikes that have deepened the impasse, with Iran asserting its control of this crucial shipping route and readiness for conflict.

MCX shares fell nearly 7% despite reporting 130% growth in second-quarter net profit and a 114% rise in revenue. Jefferies said EBITDA was largely in line with estimates, while higher technology costs and taxes affected the results.

State Bank of India has seen a remarkable 15% increase in profits year-on-year, totaling Rs 23,038 crore for the second quarter. With a loan book surpassing Rs 52 lakh crore and a 10% rise in interest income, brokerages have set optimistic Buy ratings on SBI shares, suggesting target prices between Rs 1,225 and Rs 1,350. Despite this positive outlook, management highlighted possible obstacles from macroeconomic shifts and potential treasury losses.

Four Nifty500 stocks that gained over 5% on November 3 featured in StockEdges RSI Trending Up scan, with their Relative Strength Index (RSI) crossing above 50 from below, signalling strengthening price momentum.

Four Nifty500 stocks closed more than 1.4% above their respective volume-weighted average prices on November 3, according to StockEdges technical scan.

NSE reported a 23% year-on-year rise in Q2 FY27 consolidated net profit to Rs 2,578 crore, driven by higher trading volumes and transaction revenue. The exchange also approved divesting up to 40% stake in its coal exchange subsidiary. Jefferies and Emkay maintained Buy ratings, projecting further upside in NSE shares.

Ajwa Projects and Carver Roboweld are set to list on the BSE SME platform on November 4, 2026, after collectively raising Rs 66.34 crore. While Ajwa Projects IPO received modest subscription of 1.12 times, Carver Roboweld attracted strong investor demand, achieving an overall subscription of 25.80 times.

At least 63 stocks with a market capitalisation of over Rs 1,000 crore have lost more than half their value since last Diwali, with some plunging 60-95% amid a broad-based selloff across sectors. Elitecon International was the worst performer, tumbling 96%, followed by Reliance Infrastructure, Kothari Industrial Corporation and Fischer Medical Ventures.

Indian shares are anticipated to open lower on Wednesday after four consecutive sessions of gains. Investors are closely watching the US midterm elections, which may influence various market dynamics. The outcome could affect energy prices and the fiscal outlook in the US, both impacting Indian equities. Brent crude futures are currently around $103 per barrel, reflecting ongoing market concerns.

Oil prices decreased due to investor caution ahead of the US midterm elections and ongoing peace negotiations. Brent futures and West Texas Intermediate crude both saw declines despite an unexpected drop in US crude stocks. Vote counting for the midterm elections continues, which may influence the Republican party's control of Congress. Peace talks in the Middle East were also impacted, especially involving the US and Iran.

Marico experienced significant revenue and profit growth in the September quarter due to robust demand. The company's foods and premium personal care segments led this growth, supported by reduced input costs. Marico raised its Ebitda margin outlook, anticipating continued strong demand in the future. International business performance is improving in markets such as Vietnam and the Middle East, contributing to overall growth.

Happiest Minds Technologies reported a 15.1% increase in net profit for the September quarter compared to the previous year. While revenue grew by 12.5% year-on-year, it reflects ongoing concerns over client decision-making related to artificial intelligence. The companys managing director noted the challenges of longer sales cycles and uncertain customer investments in AI solutions. Despite a relatively good demand scenario, they are still behind their revenue growth target.