News Overview

Gold and silver prices witnessed renewed volatility on November 3, 2026, following a brief recovery on Monday. Spot gold slipped to around $3,919 an ounce, while silver fell to approximately $49.27. Expectations of a December US Federal Reserve rate hike, elevated Treasury yields, Iran-related geopolitical developments and India's 15% import duty continue to influence bullion prices. Meanwhile, MCX gold traded near ₹1,40,455 per 10 grams and silver at ₹1,84,339 per kg.

SBI reported a 14.3% rise in Q2 FY27 net profit to Rs 23,038 crore, helped by an exceptional gain, while operating profit slipped 1.4%. Here is a look at asset quality, margins, loan growth and the stock.

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.

Coal India unit South Eastern Coalfields has filed draft papers for an IPO that could raise up to $800 million, through a pure offer for sale. Here is a look at the filing, the company’s financials and the lead managers.

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.

ITC’s FMCG-Others business grew revenue 19% in Q2 FY27, its highest in 14 quarters, with EBITDA margin expanding to 10.4%. Here is a look at the growth drivers, profitability, new launches and the stock.

BLS Polymers shares debuted at Rs 248 on the NSE, a 65% premium over the IPO price, after the Rs 255 crore issue was subscribed 241 times. Here is a look at the listing, subscription data, financials and the company’s business.

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.

Indian stock markets ended sharply higher on November 2, 2026, with Sensex rising 1.66% to 75,692.78 and Nifty gaining 1.68% to 23,440.80. Reliance Industries surged 11.60% following record Q2 FY27 earnings, while Energy, Infrastructure and Metal stocks led sectoral gains. Softer crude oil prices, foreign fund inflows and positive global cues further supported market sentiment.

Reliance Industries shares jumped 8.1% to hit an intraday high of ₹1,259 on November 2, 2026, pushing its market capitalisation beyond ₹17 lakh crore. The rally followed record Q2 FY27 earnings, with consolidated revenue rising 28% to ₹3.62 lakh crore and net profit increasing 34% to ₹29,550 crore.