COUNTER TARIFFS
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump
Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their rally, with Sensex gaining 384 points to 77,301 and Nifty rising 150 points to 23,961, marking two-month highs. Positive sentiment, strong earnings, festive demand and buying across mid- and small-caps supported gains.
What do midterm election results 2026 mean for US Stock Market, Bond Treasury Yields, common Americans?
Donald Trump is not on ballot for US Midterm elections 2026 but election results will give us hint how things will move forward till 2028 Presidential Elections.
Apple Q4 results beat estimates as iPhone 18 Pro demand, price hikes offset rising chip costs
Apple reported better-than-expected Q4 revenue of $114.48 billion and earnings of $2.10 per share, driven by strong iPhone 18 Pro demand and Mac sales. Higher product prices helped offset rising memory-chip costs. The company is also expanding its AI offerings, while addressing supply constraints affecting its first foldable iPhone.
Why is India's probe of Scotch imports from Britain rattling liquor majors?
India's investigation into bulk Scotch whisky imports has triggered the first major trade dispute under the India-UK free trade agreement. The government argues bulk Scotch does not qualify for reduced import tariffs, potentially restoring duties to 150% from 75%. The dispute threatens a $65 billion global whisky market, putting Diageo, Pernod Ricard and Indian liquor makers at odds with customs officials.
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Govt to meet liquor firms as domestic giants join foreign peers in Scotch dispute
India's government is holding talks with liquor companies regarding tariff reductions on bulk Scotch imports. Major firms, including Diageo and Pernod, are expressing alarm about the investigation. Approximately 80% of Scotch imports from Britain arrive in bulk for local manufacturing. The Confederation of Indian Alcoholic Beverage Companies has warned of adverse effects on domestic production. Companies seek urgent intervention from the government to avoid disruption caused by the tariff issue.
Silver market’s big problem may be ending, but a new worry is coming for investors
Silver could move from a supply deficit to a surplus in 2027 as rising inventories, weak jewellery demand and slowing industrial consumption ease market tightness, Metals Focus said. Silver has underperformed gold amid expectations of higher interest rates and falling investor demand.
Jio Platforms share price up 28% from IPO price. Here’s what these 4 brokerages are saying
Jio Platforms shares extended their post-listing rally, rising over 28% in three sessions. Nomura, Motilal Oswal, Dolat Capital and Elara Capital remain positive, citing tariff hikes, 5G monetisation, broadband expansion and digital services growth.
US Market: AI boom could weaken dollar’s safe-haven appeal as foreign flows rise
The US dollar’s safe-haven status could face pressure if the AI investment boom unwinds, prompting foreign investors to pull back from American equities and corporate bonds. Weaker growth, lower interest rates and credit-market stress could amplify the risk.
India jewellers hold off gold buying, betting prices will drop
Indian jewellers are delaying gold purchases ahead of the festive season, betting that prices will fall further after dropping below $4,000 an ounce. MMTC-PAMP India says large jewellery chains remain cautious, while higher import duties, subdued rural demand and tighter import rules are expected to weigh on gold demand and imports during the October-December quarter.
Lula’s Brazil election win: How he thwarted Trump’s Latin America ambitions
Luiz Inácio Lula da Silva won Brazil’s presidential election against Flávio Bolsonaro, stopping a conservative streak in Latin America. This victory challenges U.S. influence in the region and complicates President Trump's strategies. Lula's administration may seek collaboration with Washington while maintaining Brazil's independent foreign policy. Domestic congressional dynamics present challenges for Lula as he pursues reforms amidst conservative opposition.
Research: Navigating the Business Risks of Changing Pro-America Sentiment
U.S. firms increasingly operate in a marketplace where “Made in USA” is no longer a neutral provenance claim but a charged political signal. A new study analyzing 5,355 companies over twenty years found that pro-America marketing has increasingly shifted from pride-based patriotism to grievance-fueled, us‑versus‑them nationalism. While this can create upsides—new customers, loyalty, pricing power—it also exposes companies to narrative capture, boycotts, and legal scrutiny. To avoid risk, companies must examine their exposure along two axes: domestic embeddedness and symbolic intensity. Leaders must align operations and symbolism, set clear guardrails, and proactively manage meaning drift before others define their loyalties.
First tanker of Russian diesel sets sail for the US in Trump's controversial deal with Putin
A tanker transporting Russian diesel to the United States has departed, signaling a new import agreement. This deal has raised concerns in Ukraine due to Russia's ongoing invasion. U.S. political figures criticized the agreement as it contravenes existing American laws and may benefit Moscow. Ukrainian President Volodymyr Zelenskyy expressed disappointment over the decision and its potential impacts.
Heineken document reveals worries over weight-loss drugs and beer sales
Heineken has warned UK pubs about the increasing impact of weight-loss drugs on beer sales. These medications may reduce consumers' desire to drink, leading to declines in bar revenue. Heineken suggests that bars offer half-pints and low-alcohol options to adapt. Research indicates that users of these drugs are spending less on alcohol. The broader alcohol industry is facing challenges as consumer behavior shifts amid health trends.
Russia hails Trump waiving sanctions as 'historic'
Russia has hailed US President Donald Trump's decision to waive new sanctions targeting its energy revenues as a "historic" move, raising concerns among Ukraine and its European allies that Washington is favouring Moscow.
‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala Sitharaman
Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non-tariff barriers causing problems for Indian exporters. The Finance Minister advocated for promoting rupee-denominated trade settlements to assist nations experiencing hard currency shortages. Sitharaman emphasized the importance of public investment in infrastructure to bolster economic growth despite global disruptions.
India-US trade pact would be concluded at earliest, in interest of global trade: FM Sitharaman
In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce Minister Piyush Goyal mentioning that legal drafting for the initial phase is in motion. Addressing concerns related to trade imbalances and China's market access restrictions, Sitharaman underlined the critical role of infrastructure investments in driving economic growth despite global setbacks.
Marco Rubio's India visit begins from Sat as New Delhi awaits US decision on Russian oil import waiver
US Secretary of State Marco Rubio is scheduled to visit Mumbai and Jamnagar from October 17 to 22. He will engage with Indian officials on energy cooperation and investment opportunities. The visit follows a significant phone call between President Donald Trump and Prime Minister Narendra Modi regarding sanctions waivers for importing Russian oil. Rubio's discussions will focus on enhancing the strategic partnership between the two countries.
India a democracy, not colony: Kamal Haasan hits back at Elon Musk on satellite internet policy
Kamal Haasan has responded to Elon Musk's claims regarding Starlink's regulatory delays in India. He emphasized that no billionaire should influence a nation's policy, highlighting India's strategic interests. Haasan called for affordable satellite internet to bridge the digital divide in India. He criticized the hypocrisy of Western nations advocating for free markets while practicing protectionism. The Indian democracy will determine its future without the influence of outside vested interests.
As Democrats eye big midterm wins, Republicans look to turn the tables in some House districts
Republicans are focusing on pivotal congressional races as they seek to gain ground in the midterms. Key issues include immigration and economic policies being heavily funded by national organizations. In New Hampshire, an open seat contest is drawing attention due to fluctuating party support. Politicians like Greg Landsman and Susie Lee face tough opponents in newly redrawn districts.
When nothing is cheap, winners may come from any corner: 19 stocks with downside to upside potential of -28% to plus 22%
Because each pharma company took a different road, they no longer rise and fall together. Where any one of them stands in 10 years depends on what it chose in the last five or six. So, one name can do wonderfully while the one sitting next to it does very little. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
'I'm in no rush': Trump leaves US-Canada trade talks in limbo
US President Donald Trump has said that he is not rushing to resume trade negotiations with Canada. He insisted that any future agreement requires Canada to approach these talks with honesty. Following the breakdown of negotiations in August, significant tariffs have been imposed by both countries. The dispute currently affects the United States-Mexico-Canada Agreement concerning North American trade.
After Nifty’s longest losing streak in 25 years, what should investors do now?
After Nifty’s longest weekly losing streak in 25 years, analysts advise caution as the index trades below its 200-week moving average. The 22,600 level remains crucial, with further downside possible if Nifty fails to reclaim it decisively.
US 'severely disappointed' in lack of G20 consensus on overproduction
The US G20 presidency expressed disappointment after trade ministers failed to reach agreements on excess capacity. A draft statement aimed at addressing this issue saw support from most members but was rejected by a few. China previously objected to calls for eliminating non-market policies and only a few countries took a stand against forced labor. Mexico and Argentina joined the US in issuing a statement regarding forced labor concerns.
India’s 8% global gems, jewellery share has room to grow
India's gems and jewellery sector currently accounts for 8% of global exports but can expand into new product categories. NITI Aayog's Pravakar Sahoo emphasized the need for greater value addition and improved global market presence. Collective efforts are essential among industry players, government, and consumers to ensure competitive growth in the sector. Enhanced transparency regarding diamonds can improve trust and boost consumer confidence in India.
India rejects Australia's high sugar subsidy claims at WTO
Australia referring to the WTO panel in the India sugar and sugarcane dispute which found in 2021 that India’s sugar support regime was inconsistent with its WTO obligations and subsidies were in excess of levels permitted under WTO rules.
Inside McDonald's push to have AI price your Big Mac
McDonald's has implemented artificial intelligence to optimize pricing strategies across its restaurants and franchises. This pricing model analyzes customer willingness to pay, creating variations in prices for identical menu items. Franchisees report pressure to adopt these AI-driven pricing recommendations despite the company's claims of their independence. Concerns regarding antitrust implications are raised as franchises may be seen as competitors.
Foreign Secy Vikram Misri meets US Congressional delegation, discusses Russia Sanctions Bill and strategic ties
Foreign Secretary Vikram Misri recently met a bipartisan US Congressional delegation led by Representative Brian Mast. Discussions included the Sanctioning Russia and Iran Act and the trajectory of India-US relations. Misri previously held discussions focusing on critical technologies and energy security during the United Nations General Assembly. Cooperation topics featured in the meetings also encompassed semiconductors and civil nuclear initiatives.
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