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.

The BSE Sensex closed at 79,476.63, gaining 694.39 points or 0.88 per cent, while the NSE Nifty 50 advanced 217.95 points or 0.91 per cent to end at 24,213.30. The recovery came after Monday’s decline, with markets showing resilience despite uncertainty ...

The NSE Nifty 50 climbed 0.91% to 24,213.3, and BSE Sensex increased 0.88% to 79,476.63. Both indices initially declined 0.6% during trading but recovered in the final two hours of the session.

The NSE Nifty 50 rose 217.95 to end at 24,213.3, while the BSE Sensex gained 694.39 points, closing at 79,476.63. Both benchmarks had fallen by about 0.6% during the session before a strong rally in the final hours of trading.

Tata Steel, JSW Steel, Hindalco, Bajaj Auto, and Axis Bank were among the top gainers on the Nifty index. Trent, Adani Ports, Asian Paints, ITC and Infosys were among the top losers.

Sensex jumped over 1,100 points from day’s low and Nifty 50 traded near the 24,200 level on November 5, rebounding from early morning losses.

On Monday, the Sensex fell over 900 points to 78,782.24, while the Nifty slipped below 24,000, closing at 23,995.35. Major losses were attributed to declines in the banking, finance, and technology sectors.

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.