Wall Street witnessed a sharp technology-led selloff, with the Nasdaq Composite falling 5.52% to 24,315, its biggest single-day percentage decline in nearly 19 months. Nvidia shares plunged over 9%, wiping out approximately $440 billion in market value, while Tesla and SpaceX together lost around $420 billion. The Philadelphia Semiconductor Index dropped more than 12%, with AI infrastructure and data-centre stocks including IREN, Applied Digital and CoreWeave also declining sharply. The S&P 500 fell 4.36% and the Dow Jones Industrial Average dropped 3.44%. Concerns over tighter AI regulation, slower data-centre investment and the Democrats gaining control of both chambers of Congress weighed on investor sentiment.
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Wall Street witnessed a sharp technology-led selloff, with the Nasdaq Composite falling 5.52% to 24,315, its biggest single-day percentage decline in nearly 19 months. Nvidia shares plunged over 9%, wiping out approximately $440 billion in market value, while Tesla and SpaceX together lost around $420 billion. The Philadelphia Semiconductor Index dropped more than 12%, with AI infrastructure and data-centre stocks including IREN, Applied Digital and CoreWeave also declining sharply. The S&P 500 fell 4.36% and the Dow Jones Industrial Average dropped 3.44%. Concerns over tighter AI regulation, slower data-centre investment and the Democrats gaining control of both chambers of Congress weighed on investor sentiment.
Americans vote today on all 435 House seats, 35 Senate seats and 36 governorships. Here is what is at stake, how history says midterms play out, and what the result could mean for India’s markets.
Microsoft raised $25 billion through a 10-tranche bond sale, its first since 2017, drawing about $115 billion in orders as it funds AI infrastructure. Here is a look at the deal, the credit rating and its separate voluntary exit programme.
International crude oil prices declined sharply on November 2, 2026, with Brent falling 3.7% to $109.23 per barrel and WTI dropping 3.8% to $100.14. On MCX, November crude futures traded around ₹9,593 per barrel, down 3.5%. Hopes of diplomatic progress between the US and Iran and a possible reopening of the Strait of Hormuz weighed on prices, although supply disruptions and inventory concerns continue to pose risks.
Alphabet shares fell 10.2% in premarket trading, raising concerns over AI spending, cash burn and weaker search advertising. Microsoft shares rose 3.6%, while Nasdaq futures declined 1.5%. Indian markets rallied, with the Sensex gaining 905 points and the Nifty rising 238 points as investors awaited key US inflation data.
South Korea’s KOSPI plunged 7.57%, while Taiwan’s market saw reported record foreign outflows of NT$302.5 billion. Semiconductor losses and US inflation concerns fuelled the Asian market sell-off.
Foreign Portfolio Investors (FPIs) pumped ₹53,739 crore into Indian equities across six trading sessions between November 2 and 9, 2026, reversing the outflows recorded in September and October. Buying was concentrated in heavyweight sectors such as financial services, IT, automobiles and telecom. Improved sentiment following US midterm election results, expectations of lower US bond yields, Brent crude falling below $90 a barrel and a stronger rupee supported the inflows. Meanwhile, concerns over returns from AI infrastructure and data-centre investments prompted investors to reduce crowded AI-related positions. Corporate earnings also provided support, with 27 of the 47 Nifty 50 companies reporting results by November 10 beating analysts' estimates.
Indian markets extended their post-Diwali rally on November 11, with the Sensex rising over 1,260 points and the Nifty gaining 1.35%. Easing crude prices, strong FPI buying and supportive technical indicators boosted sentiment.
Indian benchmark indices extended their winning streak to six sessions on November 5, 2026, with the Sensex surging 1,609.54 points (2.08%) to 78,910.94 and the Nifty50 rising 417.45 points (1.74%) to 24,378.05. The rally added over ₹6.9 lakh crore to investor wealth, supported by falling crude oil prices, positive sentiment following US midterm results, sustained FII buying, rupee appreciation and broad-based market gains. Private Banks, Realty, IT and Auto stocks led sectoral advances, while Bajaj Finance, Maruti, IndiGo and Asian Paints were among the top Sensex gainers.
Indian benchmark indices extended their winning streak for a fifth consecutive session on November 4, 2026, with Sensex rising 383.55 points (0.50%) to 77,301.40 and Nifty advancing 149.75 points (0.63%) to 23,960.60. Late-session buying, continued FII inflows, softer crude oil prices and positive global cues supported the rally. Nifty Media, Realty and Metal led sectoral gains, while Bharat Electronics, Adani Enterprises and Titan emerged among the notable gainers. However, IT stocks remained under pressure, with TCS, HCLTech and Infosys among the top losers.
Foreign Portfolio Investors (FPIs) pumped ₹53,739 crore into Indian equities across six trading sessions between November 2 and 9, 2026, reversing the outflows recorded in September and October. Buying was concentrated in heavyweight sectors such as financial services, IT, automobiles and telecom. Improved sentiment following US midterm election results, expectations of lower US bond yields, Brent crude falling below $90 a barrel and a stronger rupee supported the inflows. Meanwhile, concerns over returns from AI infrastructure and data-centre investments prompted investors to reduce crowded AI-related positions. Corporate earnings also provided support, with 27 of the 47 Nifty 50 companies reporting results by November 10 beating analysts' estimates.
Indian markets extended their post-Diwali rally on November 11, with the Sensex rising over 1,260 points and the Nifty gaining 1.35%. Easing crude prices, strong FPI buying and supportive technical indicators boosted sentiment.
Indian benchmark indices extended their winning streak to six sessions on November 5, 2026, with the Sensex surging 1,609.54 points (2.08%) to 78,910.94 and the Nifty50 rising 417.45 points (1.74%) to 24,378.05. The rally added over ₹6.9 lakh crore to investor wealth, supported by falling crude oil prices, positive sentiment following US midterm results, sustained FII buying, rupee appreciation and broad-based market gains. Private Banks, Realty, IT and Auto stocks led sectoral advances, while Bajaj Finance, Maruti, IndiGo and Asian Paints were among the top Sensex gainers.
Indian benchmark indices extended their winning streak for a fifth consecutive session on November 4, 2026, with Sensex rising 383.55 points (0.50%) to 77,301.40 and Nifty advancing 149.75 points (0.63%) to 23,960.60. Late-session buying, continued FII inflows, softer crude oil prices and positive global cues supported the rally. Nifty Media, Realty and Metal led sectoral gains, while Bharat Electronics, Adani Enterprises and Titan emerged among the notable gainers. However, IT stocks remained under pressure, with TCS, HCLTech and Infosys among the top losers.
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