Tech sell-off triggers risk off trade | Gold, Silver slide | Crude cools off after Friday rally

Core Development: Tech sell-off triggers risk off trade | Gold, Silver slide | Crude cools off after Friday rally

Market & Financial Impact: Join us live for Opening Bell as we get you ready for the trading day on Dalal Street. Wall Street tumbled on Friday, with the Nasdaq suffering its biggest one-day percentage drop since June as disappointing results from Intel and Amazon amplified worries around massive AI-related spending. Month-end profit taking and caution ahead of the US midterm elections added to the pressure. Asian markets are trading mixed, but GIFT Nifty points to a gap-up start for India after the Nifty reclaimed the 23,000 mark last week, with the broader market outperforming. We also break down the FII and DII flows, US yields and what the global tech sell-off could mean for the Indian market. On the commodities front, Brent crude has slipped to around $111 a barrel, moving away from four-year highs, as investors weigh diplomatic efforts on West Asia against fears of renewed US action against Iran, while OPEC+ has agreed to hold its production targets through December. Gold has hit a one-year low and silver has slipped below $50. On the earnings front, we track Reliance’s strongest quarterly performance with record consolidated revenue, Jio Platforms’ solid Q2, and numbers from BEL, Dixon Technologies, Bank of Baroda, Syrma SGS and Ramkrishna Forgings, and preview ITC’s results due today. The festive season also begins today, with special Diwali programming lined up on Moneycontrol throughout the week.

Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.