FISCAL RESPONSIBILITY
Silver ETFs jump up to 6%, white metal reclaims $51 as Democrats win US midterms. What should investors do?
Silver ETFs rallied up to 6% as silver prices rebounded above $50 an ounce following the Democrats' US midterm election victory. Experts advise investors against chasing the recovery, citing volatility, uncertain industrial demand and the possibility of further price swings.
Silver prices jump over 4% to reclaim $51/oz as Democrats secure US midterm victory. What’s happening?
Silver prices surged over 4% to reclaim the $51/oz mark after Democrats secured a victory in the US midterm elections, weakening the dollar and Treasury yields. However, HSBC expects further gains to be limited as silver trades close to levels justified by fundamentals. Industrial and jewellery demand may weaken, while institutional buying and supply constraints could offer support.
US midterms: Republican Dayna-Marie Miles says party is 'bigger than Trump', urges voters to research candidates
As voters participate in the 2026 midterm elections, many emphasize the importance of researching candidates carefully. Republican supporters highlight that the party’s values extend beyond President Trump’s influence. Economic concerns, particularly rising inflation, remain significant issues for households across the country. Voter turnout is noted to be steady, reflecting growing awareness of electoral impact. Indian-American voters are raising concerns about anti-immigrant sentiment and the need for better representation.
Guam governor results: Meet Tony Ada, former US Army serviceman poised to become Guam’s next governor
Republican candidate Tony Ada is poised to become Guam’s next governor after taking an early lead in the November 3 gubernatorial election alongside his running mate, E.J. Calvo. A former US Army serviceman who served from 1986 to 1993, Ada has also held several positions in Guam’s government, including serving in the territory’s legislature.
Silver crashes below $60 from $122 and enters oversold zone. What should you do?
Silver’s sharp rally has reversed amid expectations of higher US interest rates, rising bond yields and a stronger dollar. HSBC expects limited upside as weaker demand, increasing supply and a narrowing market deficit reduce the chances of the metal returning to $100 soon.
ETMarkets Smart Talk | Bond markets have priced in nearly four rate hikes. Where should investors invest now?
In this edition of ETMarkets Smart Talk, Piyush Barawal, Director and Senior Fund Manager at WhiteOak Capital, shares his outlook on interest rates and bond yields and explains why the two- to four-year segment of the yield curve could offer an attractive opportunity.
- Go To Page 1
ETMarkets Smart Talk | Gold for ballast, silver for growth; avoid industrial commodities in core portfolios: Saish Sawant
In this edition of ETMarkets Smart Talk, Saish Sawant, Research Analyst–Commodities at Emkay Global Financial Services, breaks down the contrasting moves across gold, crude and copper.
Voters fear the America they've known is slipping away. On that, the left and right agree
US Midterms latest: Many voters turned out for the midterm elections, driven by a heightened awareness of political issues. Individuals from various backgrounds shared their concerns regarding the direction of the country. While some were motivated to support Democrats, others maintained loyalty to Republicans. This election illustrates the stark divisions among voters, many of whom were voting for the first time. The outcome could shape the political landscape significantly in the coming years.
Lowering LTCG isn't a magic bullet
A reduction in Long-Term Capital Gains (LTCG) tax could uplift sentiment in India's equity market, especially as foreign investors withdraw. The current landscape is shaped more by external economic influences than tax adjustments. The reinstatement of LTCG has rendered India less appealing compared to rivals like Hong Kong and Singapore. A strategically planned tax cut may provide clearer policy stability for investors while preserving fiscal responsibility.
FM Sitharaman acknowledges foreign investor anxiety, says she will consider voices seeking tax changes before Budget
Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.
Capex key to India's growth strategy, fiscal prudence remains top priority: Sitharaman at HSBC event
Finance Minister Nirmala Sitharaman highlighted the importance of capital expenditure in driving economic growth in India. She stated that government spending would be guided by fiscal discipline while encouraging private sector investment. Sitharaman noted that higher public investment has historically generated strong economic returns over time. She reassured that the Indian economy remains robust, with no sign of fragility.
India's economic pillars show 'no fragility', says Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman highlighted the government's commitment to increasing capital expenditure to promote economic growth. She remarked on the importance of fiscal prudence while implementing spending strategies effectively. Sitharaman emphasized the need for public investment to enhance welfare programs and improve access to essential services. The government aims to provide comprehensive insurance coverage by 2047 to foster financial inclusion.
Fintechs fortify cyber defences; Logistics cos in the speed lane
Happy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morning Dispatch.
Horoscope Today, November 2, 2026: Aries Must Fix Work Priorities, Taurus Could Unlock New Opportunities, Gemini Faces a Money Decision
The Moon in Cancer focuses attention on domestic roots, proactive communication, and financial administration. While Jupiter in Leo fuels learning and ambitious growth, retrograde Mercury and Venus in Libra call for caution in official negotiations and personal spending. Debilitated Mars urges patience during family or workplace discussions. Today highlights internal workspace organization for Aries, dynamic communication for Taurus, and structured resource management for Gemini.
Lodha Developers to invest Rs 1,200 crore in first Delhi-NCR project on Gurugram's Golf Course Road
Lodha Developers has announced plans to invest approximately Rs 1,200 crore for an office complex in Gurugram. This project will be located on the strategic Golf Course Road, attracting significant business interest. The complex is expected to feature 4 lakh sq ft of Grade A++ office space, with large floor plates appealing to potential buyers.
Horoscope Today, November 1, 2026: Capricorn Strengthens Partnerships, Aquarius Improves Workflows, Pisces Unlocks Creativity
The Moon transits into Cancer today, activating houses governing public partnerships, daily work routines, and creative self-expression. While Jupiter in Leo inspires confidence and ambitious visions, retrograde Mercury and Venus in Libra call for extra care with joint contracts, daily expenses, and emotional diplomacy. Debilitated Mars urges patience during workplace discussions. Today highlights joint venture alignment for Capricorn, operational workflow efficiency for Aquarius, and creative intellectual focus for Pisces.
Manipur CM Yumnam Khemchand Singh seeks enhanced central assistance from Sitharaman
Manipur Chief Minister Yumnam Khemchand Singh met Union Finance Minister Nirmala Sitharaman in New Delhi recently. They discussed the financial health of Manipur and the state's revenue losses over the last three years. Singh requested enhanced central assistance and additional funding under the SASCI scheme during their meeting. The Chief Minister also highlighted the timely payment of salaries and pensions to employees by the state government.
ECB keeps rates unchanged but points to mounting inflation risk
The European Central Bank has decided to maintain its current interest rates, signaling concerns over inflation driven by escalating energy costs. Meanwhile, borrowing expenses in France have seen a sharp rise, creating anxiety about the nation’s economic outlook amid political upheaval. ECB President Christine Lagarde's early resignation raises questions about the potential investigation into growing French debt.
Vedanta Power Q2 results: Company swings to profit at Rs 83 crore; revenue rises 38% YoY
Vedanta Power reported a turnaround in Q2 FY27, posting ₹83 crore profit against a ₹1,688 crore loss last year. Revenue rose 38% to ₹2,908 crore, while EBITDA surged 122%, supported by record power sales and improved operations.
Global Market: ECB rate decision in focus as Lagarde exit speculation grows
The European Central Bank is expected to hold interest rates steady as oil-driven inflation risks, rising French borrowing costs and uncertainty over President Christine Lagarde's future complicate the central bank's monetary policy outlook.
UK Budget 2026 Highlights: Treasury chief John Healey presents his first budget, check latest updates
Chancellor John Healey on Wednesday presented his first Budget focused on the rising cost-of-living crisis and energy prices. There were expectations for measures that provide temporary assistance to struggling households and businesses. Here are the highlights of UK Budget 2026.
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy in debut trade
Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became India’s second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio India’s largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.
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.
Vedanta Iron Q2 Results: Loss narrows to Rs 324 crore, revenue declines 2% YoY
Vedanta Iron and Steel narrowed its Q2 FY27 loss to Rs 324 crore from Rs 477 crore a year earlier, while revenue declined 1.7% to Rs 2,742 crore. EBITDA rose 56% to Rs 83 crore, supported by improved steel realisations and efficiency gains. The company also reported record half-yearly pig iron production.
Silver prices are tarnished but not forgotten. Why HSBC thinks gains in white metal may be limited?
Silver prices have plunged nearly 60% from their January record high, but HSBC expects limited gains ahead. The bank sees prices consolidating and edging higher in 2027, supported by gold, while rising mine output, recycling supply, weaker industrial demand, a firm US dollar and elevated yields could cap rallies.
India's gold import route changing course for a benefit all jewellers want
India is diversifying its gold import sources as expanding domestic refining capacity, tax incentives and the India-UAE trade pact reshape supply chains. Switzerland’s share of India’s bullion imports fell to 21.9% in FY26 from 42.4% five years earlier, while the UAE’s share rose to 16.5% from 10.8%, according to Crisil Intelligence.
Paras Healthcare allotment likely today: Check GMP, key details and how to check status
Paras Healthcare IPO allotment is expected to be finalised today after the Rs 1,450-crore issue was subscribed 2.23 times. With the GMP indicating a potential listing gain of around 1%, investors can check their allotment status on the MUFG Intime, NSE and BSE websites. The hospital chain is scheduled to list on October 28, 2026, after reporting a return to profitability in FY26.
PNB aims to bring cost-to-income ratio below 50% this fiscal, 45% by FY29: MD Chandra
Punjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to further decrease it to around 45 percent by 2028-29. In the first half of the current fiscal year, the cost-to-income ratio was 50.38 percent, reflecting a decline from previous levels. The bank's net profit has reached Rs 5,500 crore, with targets for continued growth ahead.
5 world market themes for the week ahead
An important week is upcoming with central banks like the Federal Reserve and European Central Bank making policy decisions. Major companies, including Alphabet, Amazon, and Microsoft, are set to report their earnings. Political events are also significant, with elections in Israel and Brazil influencing markets. China's leadership will hold discussions focused on party governance amidst external pressures.
Load More
