In overnight trade, Dow Jones Industrial Average climbed 427.28 points, or 1.02 per cent, at 42,221.88. The S&P 500 index also jumped 70.07 points, or 1.23 per cent, to 5,782.76.

On Monday, the Sensex fell over 900 points to 78,782.24, while the Nifty slipped below 24,000, closing at 23,995.35. Major losses were attributed to declines in the banking, finance, and technology sectors.

The Indian stock market faced a broad selloff, with the Sensex and Nifty 50 dropping over 1% each. Mid and small-cap indices fell up to 2%, leading to a market cap decline of about ₹6 lakh crore.

Benchmark indices fell for the second straight session on Tuesday, as investors await the outcome of US elections and the US Fed policy review later this week amid a weak set of domestic quarterly results that are threatening sustenance of prevailing stock valuations.

Tata Steel, JSW Steel, Hindalco, Bajaj Auto, and Axis Bank were among the top gainers on the Nifty index. Trent, Adani Ports, Asian Paints, ITC and Infosys were among the top losers., Markets News - T

The next key event is the US election scheduled on. Owing to deep correction, the key support level for Sensex and Nifty 50 is around 78500 and 23800 respectively.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,315 level, a discount of nearly 70 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 24,340.85, while Sensex ended at 79,942.18. Overnight, Wall Street indices ended the trade session lower.

Indian stock market experienced a notable decline as banking, financial, and IT stocks faced pressure in the lead-up to the US presidential election and a potential Federal Reserve rate cut. Investor sentiment was further strained by the uncertainty surrounding the election results,

The Nifty index declined 445 points or 1.83 per cent to break the 24,000 level and drags to 23,859.10 points while the BSE Sensex declined by 1350 points or 1.69 per cent to slide below 79,000.

BSE Sensex and Nifty50 tanked in trade on Friday. BSE Sensex ended the day at 79,402.29, down 663 points or 0.83%. Nifty50 closed