Sensex Surges On Strong Global Cues Ahead Of US Election

Indices across the globe surged, ahead of the US election, with the Dow Jones seeing strong gains on Monday and Futures pointing to yet another robust openings on Tuesday.

The Sensex was trading with gains of 251 points, while the Nifty gained 91 points in trade. Banking stocks which had seen a sharp surge continued to rally with IndusInd Bank, Axis Bank and ICICI Bank gaining ground.

Reliance Industries continued to lose ground, after losing 8.6 per cent on Monday. The stock was lower 0.56 per cent in early trade.

Zee Entertainment Enterprises saw 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 decline of 77.3 per cent from a year ago. The shares of Zee Entertainment were up 2.51per cent in trade.

Punjab National Bank too reacted to numbers after the company posted a 22 per cent increase in net profit to Rs 621 crore for the July-September quarter against Rs 507 crore seen in the year-ago period.

ICICI Bank, NTPC, Tata Motors and SBI were among the top gainers in trade, while Infosys lost ground. Meanwhile, most Asian markets were trading with gains of 1 to 1.5 per cent in early trade.