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Oddsmakers and public polls place Democrats in a favorable position ahead of Election Day. View More

watch nowVIDEO3:2603:26How 2026 midterms will affect CongressNews VideosTuesday's midterm elections will at their heart determine control of Congress for the remainder of Donald Trump's presidency. U.S. voters will decide whether Trump will maintain his Republican iron grip on Washington or recede into lame-duck status after a Democratic triumph.Follow CNBC's live coverage of the 2026 midterm electionsIf Republicans win, Trump could spend another two years facing little congressional resistance and pushing through major policy packages. If Democrats win one or both chambers, the president's remaining legislative priorities would be severely kneecapped, and even the basic functions of government could become gridlocked. Oddsmakers and public polls placed Democrats in a favorable position ahead of Election Day, especially for flipping control of the Republican-held House. Still, the balance of power will not be decided until ballots are counted — a process that could take days or, in some cases, weeks to complete. The Senate is expected to be particularly close, and if the balance of power comes down to Alaska, the nation may have to wait while the state counts."The election results could trigger an immediate market reaction, particularly as the Senate outcome becomes clearer," the Washington Policy Strategy Group of Stifel wrote Sunday in an analyst report, where it predicted Democrats will win the House while the Senate remains too close to call. "However, the market's knee-jerk trade could reverse as investors recognize that gridlock remains the most likely policy outcome in either case."Read more CNBC elections coverageMidterm elections 2026 live updates: Economy, inflation and voter concerns5 things to watch on Election Day as Democrats push for control of CongressMidterm elections could jolt stocks if Democrats sweep CongressDefense, healthcare, crypto and AI: How the midterm election could affect stocksWhat the 2026 midterm elections could mean for Trump’s final two yearsNine Senate races may help determine the fate of Social SecurityStock market after midterm elections: What S&P 500 history showsRepublicans also control the Senate and with a larger majority than in the House. If Democrats capture one chamber of Congress, Washington policymaking would become significantly more gridlocked. Single-party budget reconciliation bills, the procedural vehicle for most major spending and policy changes in the current status quo of tight congressional margins, would become impossible. Bipartisanship would be required to advance legislation, making must-pass bills such as government funding packages, defense spending and the looming debt ceiling hike more important — and more contentious. In a divided Congress, the party that doesn't control the White House typically uses moments including government funding and debt-ceiling hikes to extract concessions from the majority party, a practice that can lead to brinksmanship. "If Republicans defy the conventional wisdom and maintain their Senate majority, then we would expect a relief rally in the sectors that might react negatively to a Democratic victory," Stifel wrote. "Democrats would still govern the House and gridlock would prevail. In this scenario, Senate Republicans would act as a check on both the Democrats and many of Trump's populist impulses."Democrats are also widely expected to use any majority in Congress to launch investigations into the White House and businesses that have worked with the Trump administration. The majority party gains subpoena power in congressional committees.Polling indicates a Democratic sweep of the House and Senate is possible. In that case, Democrats may more aggressively pursue party-line reconciliation measures that wouldn't become law but would give the party a megaphone ahead of the 2028 presidential election. Trump would still have the ability to veto legislation that Congress passed, severely limiting Democratic bills' prospects of becoming law. Must-pass legislation would be slightly easier to get through Congress if Democrats controlled both chambers. But deals would still need to be brokered with the White House, and the Senate's 60-vote filibuster threshold could still prove a hurdle that requires bipartisanship. Whichever party gains Senate control is highly unlikely to have at least 60 seats. Democratic lawmakers in both the House and Senate would jump at the chance to lead investigations of the White House and business if given the opportunity.In either a divided Congress or unified Democratic Congress, analysts expect Trump's use of executive orders will increase due to congressional gridlock. There is a possibility Republicans maintain control of both chambers of Congress. In that case, Trump's remaining legislative agenda could continue to be enacted, and the status quo would be maintained. Democrats would still hold some leverage, largely due to the Senate's 60-vote filibuster threshold, but would be limited in investigating the White House and business. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

India’s steel sector is poised for a tightening supply-demand balance, with inventories expected to decline and prices to find support. Aditya Birla Money estimates steel consumption will rise to 229.2 million tonnes by FY30, outpacing production of 218.6 million tonnes. The resulting deficit could draw down inventories despite expanding capacity. Historically, domestic HRC prices have moved in tandem with inventory cycles, and recent stock depletion alongside price recovery points to firmer market conditions. Meanwhile, trade barriers across the US, Europe and UK are curbing import while India’s import restrictions support domestic pricing. Robust infrastructure-led demand adds to this favourable outlook for producers. View More

Jindal Steel President and Head of Human Resources Sukhjit S. Pasricha has resigned, citing personal commitments. He joined the company in July 2026 after serving at IndiGo and other major organisations.  View More

Sensex, Nifty, Share Prices Updates: Benchmarks closed at the day’s high level. Sensex settled 1,233.25 pts or 1.66% higher at 75,692.78, and Nifty 50 gained 387.70 pts or 1.68% to 23,440.80 View More

The rally was driven by a combination of easing crude oil prices, a decline in US bond yields, and a sharp selloff in technology stocks on Wall Street View More

If successful, the experiment could open new opportunities for commercial cultivation, generate livelihoods and encourage agro-based entrepreneurship among local farmers and young people View More

India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches. Vedant Poly Fabs will be the only new IPO, while 13 companies are expected to list. The slowdown follows October’s blockbuster Rs 30,188 crore Jio Platforms IPO, which was subscribed over 22 times. View More

India's primary market is set for a quiet week after a series of large public offerings, with just one new IPO worth Rs 57 crore scheduled to open for subscription between November 2 and November 6. There will be no fresh mainboard IPO launches, although several companies that raised funds in late October are preparing for their stock market debuts. Vedant Poly Fabs, a small and medium enterprise (SME), will be the only new company opening its IPO next week. Meanwhile, six companies whose public issues are currently open, including mainboard player Bombay Coated & Special Steels, are scheduled to list on the exchanges during the week. The slowdown follows a busy October for India's primary market, highlighted by Jio Platforms ' Rs 30,188 crore IPO, the largest in the country's history. Mukesh Ambani-led Jio made its stock market debut on October 28 at Rs 1,358, a premium of 21.36% over its issue price of Rs 1,119. The blockbuster offering attracted bids worth Rs 4.9 lakh crore in the public book and was subscribed more than 22 times. The coming week will see investors turn their attention towards the final subscription days of existing issues and the listing performance of recently concluded offerings. Live Events Vedant Poly Fabs IPOThe Rs 56.68 crore IPO of Vedant Poly Fabs will open for public subscription on Monday, November 2, and close on Wednesday, November 4. The company has fixed a price band of Rs 88-94 per share. The offering comprises a fresh issue of 54.26 lakh shares worth Rs 51.01 crore and an offer for sale of 6.04 lakh shares aggregating to Rs 5.67 crore. Retail investors will have to apply for a minimum of 2,400 shares, requiring an investment of Rs 2,25,600 at the upper end of the price band. The company is expected to finalise the basis of allotment on November 5, with its tentative listing on the NSE SME platform scheduled for November 9. Vedant Poly Fabs manufactures flexible packaging materials, including shrink films, printed laminates and packaging pouches used in the food, beverage and consumer goods industries. 13 ongoing IPOs headed for listingAmong the existing issues continuing into next week, Bombay Coated & Special Steels will be the mainboard offering in focus. The company's Rs 183.06 crore IPO, which opened on October 29, will close for subscription on November 2. The price band has been fixed at Rs 78-82 per share, with a minimum retail application of 182 shares, requiring an investment of Rs 14,924. The IPO is entirely a fresh issue of 2.23 crore equity shares. The company plans to utilise Rs 125 crore towards repayment of borrowings and Rs 15.77 crore to acquire capital equipment under existing lease arrangements. Bombay Coated operates in steel processing, converting coils into products used by automotive, appliance and engineering manufacturers. The issue received a strong response during its first two days of bidding, with subscription reaching 3.98 times on October 30. The qualified institutional buyer portion was subscribed 6.89 times, while the retail category attracted 3.17 times bids. The allotment is expected to be finalised on November 3, with shares scheduled to list on the BSE and NSE on November 5. Bombay Coated is the only mainboard company among these six that will list this week. The wider IPO calendar also includes listings of companies whose subscription periods ended last week. EAAA India Alternatives is scheduled to debut on November 2, followed by BLS Polymers, SFC Environmental Technologies and Wiscon Industries on November 3. Antala Industries, whose Rs 23.33 crore SME IPO closes on November 2, is also expected to list on November 5. Four other SME companies are scheduled to close their public offerings on November 3 and list on November 6. These include Maxwell Engineering Solutions, which is raising Rs 57.64 crore; Johnsoncab Electricals, with an issue size of Rs 56.02 crore; Vectras Enprocon, which is seeking Rs 53.05 crore; and HGS (India), with a Rs 34.56 crore offering. MK Sons Fine Jewels, Ajwa Projects and Carver Roboweld are scheduled to list on November 4. That takes the total number of expected listings during the week to 13, including five mainboard companies, subject to the final exchange schedules. Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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Steel companies have opportunities throughout the agricultural equipment chain and this means supplying the right steel View More

Initial experiments carried out by ICAR-IARI with tailings from ArcelorMittal Nippon Steel show higher yield, lower use of fertilizers View More

PL Capital named Apollo Hospitals, DLF, GE Vernova, HBL Engineering, Jindal Steel, Marine Electricals, Shilpa Medicare, Syrma SGS Technology, TARIL and TD Power Systems as its top Diwali 2026 stock picks.  View More