11:11 | Trump says Iran war cost Republicans election losses; India reclaims $5 trillion market cap; crude crashes below $95

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US President Donald Trump has acknowledged that the war in Iran and higher gasoline prices likely contributed to Republican losses in the midterm elections, while maintaining that he would take the same decision again. Trump said the conflict was the “only answer” in the long term, even as he accepted that it pushed up fuel prices in the short term.

India’s stock market is back in the $5 trillion market-cap club after a strong five-session rally. The Nifty 50 has gained more than 7% from

its October 28 low, recovering nearly 2,000 points, while investor wealth across BSE-listed companies has risen by around ₹30 lakh crore.

Crude oil prices have moved sharply in the opposite direction, plunging more than 8% overnight and falling below $95 a barrel. The drop has triggered a rally in oil-sensitive stocks, with state-run oil marketing companies HPCL, BPCL and IOC gaining around 5%. The rupee also strengthened to a 15-day high of ₹94.33 against the dollar, helped by lower crude prices and foreign portfolio inflows.

Gold and silver moved higher as the dollar weakened following the US election results, with gold futures rising nearly 1% to $4,111 an ounce. 

In Delhi, barricades around Jantar Mantar have been removed, easing movement for local residents after the site was denotified as an authorised protest venue.

Trump admits war in Iran, oil prices led to poll loss; but says would 'do it again

US President Donald Trump on Wednesday (November 4) said it was "largely true" that the war in Iran cost the Republicans heavy losses in the midterm election, but struck a defiant note, saying he would do it again as it was the “only answer” in the “long term”.

"Well, I think it's largely true because it drove the gasoline up a little bit in the short term," Trump told reporters when asked about Vice President JD Vance’s remarks that the Iran war led to Republican losses in the election.

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Stock Market Rally: India is back to being a $5 trillion market - Here are the factors and stocks that led it

India’s stock market is back in the $5 trillion market capitalization club. Driven by a strong five-session rally, total investor wealth across BSE-listed companies surged by approximately ₹30 lakh crore, reclaiming crucial milestone territory and signaling a significant shift in market sentiment.

From the October 28 lows of 22,497, the Nifty 50 index has rebounded nearly 2,000 points, having gained over 7% during this period.

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Crude oil prices crash: Here are the stocks witnessing a positive reaction on Thursday

Oil-sensitive stocks witnessed a sharp rally on Thursday, November 5, after global crude oil prices plunged more than 8% overnight, falling below the $100-a-barrel mark and subsequently slipping under $95 a barrel.

Shares of state-run oil marketing companies (OMCs), including Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation (IOC), gained around 5% in Thursday's trade.

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Bombay Coated & Special Steels shares list at 12% premium over IPO price

Shares of steel processing company Bombay Coated & Special Steels made their stock market debut on Thursday, November 5, listing at a premium to the issue price of ₹82.

The stock opened at ₹91 on the National Stock Exchange (NSE), marking a premium of 10.98%. On the BSE, it debuted at ₹92.02, up 12.22% over the issue price.

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Cummins India shares tank 14% after Q2 results miss; all eyes on earnings call

Shares of Cummins India Ltd. tanked as much as 14% on Thursday, November 5, after the company reported its September quarter (Q2 FY27) results, with both revenue and profitability missing analyst estimates.

The company's standalone revenue from operations increased 4.1% year-on-year to ₹3,301 crore in Q2 FY27, compared with ₹3,171 crore in the corresponding quarter last year. However, revenue fell short of the analyst poll estimate of ₹3,536.5 crore by 6.66%.

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Rupee strengthens to 15-day high of 94.33 against dollar: Key factors explained

The Indian rupee strengthened against the US dollar on Thursday, November 5, opening at 94.35 per dollar against Wednesday's close of 94.64. It subsequently strengthened further to touch a 15-day high of 94.33 per dollar, supported by falling crude oil prices and FPI inflows

The fall in crude prices followed the US midterm election results, which saw President Donald Trump's Republican Party lose control of Congress.

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Why are gold and silver prices moving higher today

Gold and silver prices traded higher in international markets on Thursday, November 5, supported by a weaker US dollar following the US midterm election results, which eased some political uncertainty and lifted sentiment across global financial markets.

On COMEX, gold futures were trading at $4,111 per ounce, up $38, or 0.93%, from the previous close of $4,075.40 an ounce.

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Maharashtra sets 30% EV target by 2030, plans charging corridors on key highways

Maharashtra Chief Minister Devendra Fadnavis has said that the state aims for electric vehicles to account for 30% of all new registrations by 2030 under its EV policy.

The Maharashtra government is working to transform the state from a major automobile manufacturing hub into a global centre for future mobility, Fadnavis said at the launch of Mercedes-Benz's all-new GLC Electric at the company's Chakan facility in Pune district on Wednesday.

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Indian cyber watchdog warns Android 14 to 17 users: Your phone data could be at risk

India's cybersecurity agency CERT-In has warned that “Multiple vulnerabilities have been reported in the Android operating system”. It has rated them “CRITICAL” in its latest vulnerability note, issued on November 4, 2026.

The flaws affect Android versions 14, 15, 16, 16-qpr2 and 17. The advisory is aimed at individuals and organisations that use these versions.

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Barricades removed at Jantar Mantar, eases movement for local residents

Barricades restricting movement around Delhi’s Jantar Mantar have been removed, days after it was denotified as an authorised protest site following recommendations by a committee constituted by the Ministry of Home Affairs.

Concerns were raised by residents living in the vicinity of the 18th century observatory over the prolonged restrictions, with some of them moving the courts against the barricading by Delhi Police, claiming that the curbs were causing considerable inconvenience to people and affecting their day-to-day movement.

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