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Sensex ends 355 pts higher amid tight US presidential race; IT stocks gain

All that happened in the markets today

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Markets | US Presidential elections 2020 | Donald Trump

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

The domestic equity market ended nearly a per cent higher on Wednesday ahead of the US Presidential election outcome. As per the latest report, Democratic candidate has secured 225 electoral votes, while has won 213 seats so far. A candidate needs to win 270 electoral votes to capture the US presidency. CATCH ALL THE LIVE UPDATES HERE
 
The S&P BSE Sensex gained 355 points, or 0.88 per cent to settle at 40,616 levels while NSE's Nifty ended at 11,908.50, up 95 points, or 0.8 per cent. India VIX slipped over 4 per cent to 23.2 levels. 

In the broader market, the S&P BSE MidCap index ended 0.43 per cent higher at 15,086 levels while the S&P BSE SmallCap index settled at 14,883, up 0.33 per cent.

Sectorally, IT stocks rallied in the trade. The Nifty IT index climbed nearly 1.8 per vent to 21,104.55 levels with all the 10 constituents advancing. 

Global markets

Share were whipsawed, while bonds and the dollar gained on Wednesday as results from the US presidential election proved far closer than polls had predicted, potentially leaving the outcome in doubt for days or weeks. 

US equity futures went on a wild ride, rising then falling, climbing again as the voting seemed to favour Trump only to sag once more as the president vowed to make a Supreme Court challenge.

(With inputs from Reuters)

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