Indian market is likely to keep a close watch on the ongoing results of the US Presidential elections today. Challenger Joe Biden and President Donald Trump are involved in a close electoral fight where economic recovery and handling of the pandemic are key issues among the voters in the world's oldest democracy.
The results will be a key factor in deciding the directions of Indian market which has seen volatile movement of late. However, Tuesday was an exception when Sensex and Nifty closed 1.25% higher buoyed by a rally in global equities ahead of the results of US elections.
Global investors were closely watching the outcome of US elections on Tuesday, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus for the coronavirus-hit economy.
US Elections 2020 Result Live Updates: Biden and Trump in tight fight; no clear winner yet
ICICI Bank, Hindalco and SBI were among the top gainers on Nifty whereas UPL, NTPC and Reliance Industries were the top 3 Nifty losers.
Here's a look at the updates of the action on BSE, NSE and global markets today
Trump vs Biden: What's in store for stock markets?
8:31 am: In Asia, some benchmarks were mixed in early trading Wednesday. The Nikkei 225 in Tokyo was up 1.4%, while the Kospi in Seoul was was up 0.3%. The Hang Seng in Hong Kong was down 0.6% and the Shanghai Composite Index edged up 0.1%.
8: 29 am: On Tuesday, S&P 500 rose 58.92 points, or 1.8%, to 3,369.16 for its second straight healthy gain. The Dow Jones Industrial Average climbed 554.98, or 2.1%, and the Nasdaq composite added 1.9%. Futures for the indexes slipped as election results began.