Nifty set for strong opening | Crude oil plunges 9% | Opening Bell

Core Development: Nifty set for strong opening | Crude oil plunges 9% | Opening Bell

Market & Financial Impact: Join us live for Opening Bell as we get you ready for the trading day on Dalal Street. Wall Street closed sharply higher as the Democrats’ sweeping midterm victory eased political uncertainty and lifted risk appetite, with the Dow surging 1,500 points, the S&P 500 up 1.6% and the Nasdaq up 1.8%. Green energy, healthcare and consumer sectors led the charge, while data centre shares fell on fears of tighter AI regulation. Asian markets are trading mixed, but GIFT Nifty points to a gap-up start for India after the Nifty rose for a fifth straight session, its longest winning streak since June, with a gain of over 5% in five days. We also break down the FII and DII flows, US yields, a weaker dollar and the key levels to watch. On the commodities front, Brent crude has tumbled over 8% to around $95 a barrel on hopes that a Democratic Congress could push for an end to the war with Iran, while gold is on track for its biggest daily gain since mid-August. On the earnings front, we preview today’s Q2 results from Titan, Bharti Airtel, M&M, LIC, ONGC and Britannia, and track the numbers from Apollo Hospitals, BSE, Lenskart, Nykaa and Dabur. We also bring you Uday Kotak’s views on the RBI rate path. The festive season continues 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.