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Nifty gained 24.47% in Samvat 2080—the second-best in a decade—yet most experts anticipate moderate returns of 5-10% in the new year.

Other so-called Magnificent Seven members Meta Platforms and Microsoft also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq down on Thursday.

Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.

U.S. voters head to the polls in a tight presidential race between Republican Donald Trump and Democrat Kamala Harris, with major implications for financial markets, global trade, and monetary policies. Central banks, including the Fed, Bank of England, and central banks in China and Brazil, prepare for potential impacts and policy adjustments.

Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.

The government revises norms for permissible wastage in the export of gold, silver, and platinum jewellery, effective January 1. Wastage limits have been slightly reduced: 2.25% for handmade gold and platinum jewellery, 3% for silver, and specified reductions for machine-made and studded items. This ensures stricter control over duty-free metals.

​The local trader community actively participates in the Muhurat trading session, engaging in token transactions with an intent to take home profits. Making money in this hour is considered auspicious, setting the tone for the year to come.

As the nearly deadlocked race nears, some are looking for so-called "asymmetric trades" involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. "Trading the election is difficult given how tight it is," said Edoardo Rulli, head of UBS Hedge Fund Solutions.

US bonds edged higher in early trading Friday after ending October with their worst monthly performance in two years. With the election and a Fed meeting days away, a measure of daily yield swings is at its highest in a year as traders position for further losses that could send 10-year yields as high as 4.5% over the next three weeks - compared with just under 4.3% currently.

On Wednesday, crypto exchange Kraken announced job cuts a person familiar with the matter said amounts to 15% of workers, while rival Coinbase Inc. reported earnings that missed estimates. Software developer Consensys is among other digital-asset firms that recently started trimming jobs.