Nasdaq 100 falls nearly 4%, Intel shares tumble roughly 30% amid AI spending concerns

Corporate developments span acquisitions, major order wins, capacity expansion and regulatory action, with Vodafone, Affle, NCC, Waaree Renewable, KIMS, CDSL, EKI Energy Services and several other companies announcing key business updates and operational developments

Cyclone Murasu is forecast to intensify into a severe cyclonic storm and make landfall between Nellore and Narsapur in Andhra Pradesh early November 3. It is expected to bring heavy to very heavy rain across parts of southern India.

Diplomatic efforts to end the Iran conflict offered some relief to oil markets, although supply disruptions and geopolitical risks persisted.

Historically, US equities have performed strongly following midterm elections. The S&P 500 has gained an average of around 6 per cent over the subsequent 60 trading days, data shows.