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US Presidential election: What's in store for the Indian stock markets?

The Indian stock market ended over one per cent higher on Tuesday on the back of favourable global cues

Topics
US presidential election | S&P BSE Sensex | Donald Trump

Sukanya Roy & Nikita Vashisht  |  New Delhi 

The much-awaited election day kicked off in the United States with the first ballots cast in Dixville Notch and Millsfield, two small towns in New Hampshire. The midnight vote began today with voters choosing their preferred candidates for US president and New Hampshire governor, as well as federal and state legislative seats. US President has thanked his supporters, while Democratic nominee said that he will work harder for those who do not back him in a tweet early Tuesday morning.

So, the Indian ended over one per cent higher on Tuesday on the back of favourable global cues. The benchmark reclaimed the crucial 40,000 level, to end at 40,261, up 504 points and the Nifty50 index closed at 11,813, up 144 points.Global financial remained on the edge as the race for US presidential poll enters the final lap.European stock rose in early trading on Tuesday as investors bet on a clear win for In Asia, South Korea’s main index advanced 1.7 per cent and Hong Kong’s index sprinted 2.2 per cent higher.

In this podcast, Business Standard's Nikita Vashisht and Sameet Chavan, Chief Analyst- Technical & Derivatives at Angel Broking explains what impact will have on Indian

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First Published: Tue, November 03 2020. 19:03 IST
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