Benchmark indices fell for the second straight session on Tuesday, as investors await the outcome of US elections and the US Fed policy review later this week amid a weak set of domestic quarterly results that are threatening sustenance of prevailing stock valuations.

Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a weak note Monday amid cautiousness in global peers ahead of US Presidential Elections.The trends on Gift Nifty also indicate a negative start for the Indian benchmark index.

On the 30-share Sensex platform, Adani Ports declined 3 per cent. Infosys, ITC, Bajaj Finance, ICICI Bank, Airtel were among the other losers

Nomura India believes a Trump win is likely net-negative for Asia ex-Japan stocks, while it sees Harris as net-positive. In the betting markets, Trump has lost some earlier momentum, it noted.

Indian benchmark indices experienced their sharpest decline in over a month, weighed down by uncertainty surrounding the U.S. presidential election. The Nifty fell 1.27% to 23,995, while the Sensex dropped 1.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,995.35, while Sensex ended at 78,782.24. Overnight, Wall Street indices ended lower ahead of the US Presidential Election result and the US Fed rate decision this week.