European shares gain on Novo’s results; markets weigh U.S. midterms

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• US Midterm Elections: Kalyan Jewellers, PC, Lalithaa to Senco; top jewellery stock to buy as gold, silver rates rebound

  Bullion rates broke their downward trend after US midterm election returns showed Democrats taking a 54-seat majority in the 100-seat Congress. The domestic recovery provides immediate margin relief for Indian jewellery retailers carrying existing inventory stockpiles. Market participants are using this price rebound alongside Q2 2026 earnings to reassess major retail equities across the retail gems and jewellery space.

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• Metro Bank shares jump 13% on margin target, profitability goal

  Investor sentiment shifted sharply higher after the lender publicly revealed fresh financial objectives to shore up performance. The positive market reaction underscores keen interest in the bank's operational turnaround, even as management keeps detailed execution metrics under wraps.

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• Why is Nurix Therapeutics stock collapsing 28% today?

  Investors aggressively sold off the biopharmaceutical company's equity during the trading session, triggering a severe double-digit percentage decline. The sudden contraction wiped out a significant portion of its market value in a single day. This dramatic downturn reflects immediate negative market sentiment surrounding the company.

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