US Midterm Results Ahead- Nasdaq futures fall over 1% | Brent Oil prices at $104

Core Development: US Midterm Results Ahead- Nasdaq futures fall over 1% | Brent Oil prices at $104

Market & Financial Impact: Join us live for Opening Bell as we get you ready for the trading day on Dalal Street. Wall Street ended mixed ahead of the US midterm verdict, with the Dow down 0.4%, the S&P 500 up 0.4% and the Nasdaq up 0.8% as AI heavyweights rebounded, led by AMD, which surged 8% as its data centre revenue doubled. Nasdaq futures are down over 1% as polls show a high probability of a Democratic wave, which could curb the Trump administration’s legislative agenda. Asian markets are off to a choppy start, and GIFT Nifty points to a cautious opening for India after the Nifty closed at a two-month high, extending its rally of more than 1,600 points from the October low. We also break down the key Nifty levels to watch, with 23,900 near the 200-day EMA being the next big hurdle, along with FII and DII flows and US yields. On the geopolitical front, Brent crude is holding around $104 a barrel as uncertainty looms over US-Iran peace negotiations, with Qatar saying both sides are studying fresh mediator proposals while Tehran is not satisfied with Washington’s response. Gold is climbing as the oil slump eases inflation fears. On the earnings front, we preview today’s Q2 results from Apollo Hospitals, BSE and Dabur. The festive season also begins with special Diwali programming lined up on Moneycontrol throughout the week.

Actionable Insight: 📊 Earnings Focus: Assess quarterly EBITDA margins, year-over-year revenue, and management guidance.