Today’s Market News :
* Indian benchmark indices, including the Nifty and Sensex, faced their sharpest decline in over a month, primarily due to uncertainty surrounding the U.S. presidential election.
* The Nifty index fell by 1.27% to close at 23,995, while the Sensex dropped 1.18% to 78,782.
* Analysts suggest that the Nifty may continue its downward correction towards 23,650, but a rise above 24,100 could trigger a potential rally.
* Global markets are in a state of anticipation as the U.S. presidential election approaches, with polls indicating a tight race between Donald Trump and Kamala Harris.
* Market volatility is expected depending on the election outcome, with potential impacts on the dollar and stock markets, as investors brace for changes in economic policy.
* The election results could influence trade policies and inflation, with analysts suggesting a vote for Harris represents stability, while a vote for Trump could lead to radical changes in trade dynamics.
* U.S. stocks experienced a slight decline amid uncertainty surrounding the upcoming presidential election, with investors bracing for volatility as results may take days to finalize.
* The Dow Jones Industrial Average fell by 0.61%, while the S&P 500 and Nasdaq Composite also recorded losses, reflecting cautious sentiment in the market.
* The energy sector was the only major S&P sector to gain, rising 1.87% as oil prices increased following OPEC+’s decision to delay output increases.
* IRCTC reported a 4% year-on-year increase in Q2 net profit, reaching Rs 308 crore, driven by growth in catering and internet ticketing segments.
* Despite the profit rise, the company’s margins saw a slight decline to 35.05%, and revenues dropped 5% quarter-on-quarter.
