Indices across the globe surged, ahead of the United States’ election, with the Dow Jones seeing strong gains on Monday and Futures moving up to yet another strong opening on Tuesday.

In the Indian market, the BSE benchmark Sensex traded with gains of 342 points at 40114, while the NSE Nifty gained 106 points AT 11775 marks in trade during the morning session at around 10-am.  Banking stocks that witnessed a strong surge continued to rally with Axis Bank, IndusInd Bank and ICICI Bank gaining ground.

ICICI Bank, HDFC, HeroMotoCorp, Tata Motors and Bharat Petroleum were among major gains in the Nifty, while NTPC, Adani Ports, Bharti Airtel, UPL and Ultratech were major losers as of writing this note.

Zee Entertainment Enterprises witnessed its share price react to quarterly numbers. The company reported a net profit of Rs 93.41 crore for the quarter ending September 30, a fall of 77.3 pc from a year ago. Punjab National Bank shares reacted to numbers after the company posted a 22 pc increase in net profit to Rs 621 crore for the July-Sept quarter against Rs 507 crore seen in the year-ago period.

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