The Indian equity market rallied for the second straight session. Also, increased buying by foreign funds and domestic financial institutions supported trading sentiment. The outcome of the 2016 U.S presidential elections, which will be held today, will have a bearing on global stocks. The frontrunner for the Presidential election is Hillary Clinton from the Democratic Party who is closely followed by Republican Party candidate, Donald Trump.

Nifty closed with a gain of 47 points at 8,543, while BSE Sensex ended with a gain of 132 points at 27,591.

Among other Asian markets, Hong Kong’s Hang Seng was up 0.47% and Japan’s Nikkei closed lower, however, Shanghai Composite Index gained 0.47%.

European stocks were mixed on Tuesday. The FTSE 100 and CAC 40 were marginally up, while DAX is trading in red.

Adani Enterprises climbed 3% after the company announced its plans to form a joint venture with Elbit Incorporated to manufacture unmanned aerial vehicles. The company will hold 51% stake in the joint venture, while the Israel-based firm will own the rest. The new venture will be called Adani-Elbit Advanced Systems India Limited.

Ashok Leyland soared 2.3% after the company posted a net profit of Rs 294 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.

Bharat Forge Ltd slipped 1% after the company posted a net profit after tax of Rs 127 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.

ICICI Bank gained 1.6% on the BSE. The bank reported net profit of Rs 3,102 crore for the quarter ended September 30, 2016 against Rs 3,030 crore in the corresponding quarter a year ago.

Mindtree Ltd zoomed 3% to Rs 442 after a huge block deal. Around 3.65 million or 2.18% stake of the company changed hands in a block deal.

Manali Petrochemical tanked 11.7% to Rs 36 after the company said its net profit fell 37% to Rs 10.39 crore in the September quarter against Rs 16.6 crore a year ago. Its total income fell 18% to Rs 154 crore.

Future Retail dropped 3.7%. Future Retail said it has agreed to buy the retail business of Hyderabad-based Heritage Foods Ltd, promoted by the family members of Andhra Pradesh chief minister N. Chandrababu Naidu, in an all-stock deal. Heritage Foods closed lower by 1.4% on the BSE.

The rupee was trading marginally up by nine paise at 66.65 per US dollar.

Out of 1,500 stocks traded on the NSE, 835 declined and 609 advanced today.

Top 5 Nifty Gainers: There are no gainers currently.

Top 5 Nifty Losers: BHEL (-7.72%), Adani Ports & Sez (-6.50%), ICICI Bank (-5.88%), Hero MotoCorp (-5.70%) and Bajaj Auto (-5.39%)

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The Indian stock market declined for the third consecutive session after a weak opening in European equities increased anxiety among investors ahead of next week’s U.S. presidential elections. Both the indices ended the truncated week down 2.5%. It is their biggest weekly decline since October 2. Also, sharp decline in Midcap and Smallcap pack completely unsettled the participants and pushed them on the back foot.

Nifty closed with a loss of 51 points at 8,434, while BSE Sensex ended with a loss of 156 points at 27,274.

Asian markets closed in red as investors remained cautious ahead of the U.S. presidential election next week as well as the release of the U.S. jobs data for October later in the day.

China’s Shanghai Composite and Hong Kong’s Hang Seng closed marginally lower, while Japan’s Nikkei closed lower by 1%.

In Europe, the FTSE 100 was trading down by 1%. DAX and the CAC 40 were trading flat around 0.80% each.

Titan Company Ltd slumped 2.2% on the BSE. The company has posted a profit after taxes of Rs 180.7 crore for the quarter ended September 30, 2016 as compared to Rs 146.4 crore for the quarter ended September 30, 2015.

Shares of the FMCG stocks rallied 1.4% after the GST council decided on a four tier tax rate structure. The tax rate slabs have been fixed at 5%, 12%, 18% and 28%, Finance Minister Arun Jaitley said in a press conference in New Delhi. ITC zoomed 3.6%, Colgate gained 3.4% while Dabur advanced 1.8%.

Larsen and Toubro slipped 1.7%. Suuti will pare its holding in India’s largest engineering company Larsen and Toubro Ltd through a block deal, as per media reports.

Pharmaceuticals stocks were under pressure as reports suggested that United States may bring charges of price collusion against a group of drug makers before the end of this year. The BSE Healthcare slipped 4% or 657 points at 15,150 as against the previous close of 15,807. The BSE Healthcare opened at 15,686 and hit a high of 15,406 and a low of 15,036. Sun Pharma fell 7%, Dr Reddy’s dropped 5.2% and Aurobindo Pharma tanked 3.6%.

Mphasis slipped 1.3%. The IT company registered a 3% rise in its consolidated net profit at Rs 211 crore for the quarter ended September 30, 2016 against Rs 204 crore in the same quarter last year.

TD Power Systems fell 4.6%. TD Power posted a net profit of Rs 1.3 crore for the quarter ended September 30, 2016 as against a net profit of Rs 1.1 crore in the same quarter a year ago.

Tube Investment dragged 2.3% to Rs 638. The company reported 113.3% rise in net profit at Rs 54 crore for the quarter ended September 30, 2016 as against Rs 25 crore in the corresponding quarter a year ago.

The rupee was trading marginally higher by one paise at 66.73 per US dollar.

Out of 1,478 stocks traded on the NSE, 1,292 declined and 159 advanced today.

Top 5 Nifty Gainers: Lupin Ltd. (6.59%), BHEL (3.48%), ITC Ltd. (2.87%), SBI (2.74%) and Dr. Reddys Lab (2.35%).

Top 5 Nifty Losers: Hind. Unilever (-0.78%), TCS (-0.61%), HDFC (-0.59%), L&T (-0.24%) and Wipro (-0.21%)

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The Sensex and Nifty closed near a 4-month low amid weakness in global markets and uncertainty about the outcome of US presidential elections which weighed on the sentiment.

The domestic market opened lower, the Nifty breached the crucial 8500 level for the first time since July 11.

Nifty closed with a  loss of 29 points at 8,485, while BSE Sensex ended with a loss of 97 points at 27,430.

On the economy front, the Centre and the states have managed a broad consensus on the tax rates under the goods and services tax (GST) after the Centre agreed to add an additional slab of 40% in the rate structure of this ambitious tax reform, as per media reports.

Among the Asian Markets, China’s Shanghai Composite closed in green, while the Japan’s Nikkei and Hong Kong’s Hang Seng closed lower by 1% respectively.

Ambuja Cements advanced 1% after the company reported a net profit of Rs 277 crore for the quarter-ended September, as against Rs 244 crore.

TTK Prestige dropped 8.7% after the company a net profit of Rs 35.6 crore for quarter-ended September, compared to Rs 38.60 crore. It saw net sales of Rs 883 crore for the three-month period, compared to Rs 746 crore YoY.

Hero MotoCorp gained 1.7%. Hero MotoCorp reported a 3.6% increase in sales at 663,153 units in October.

Strides Shasun Ltd soared 7.2%. The company said it and Mylan agreed to settle regulatory and general claims on the Agila transaction. After payment to Mylan, Strides to receive approximately $30 million from regulatory escrow.

TVS Motor Company slipped 2%. The company posted 12% increase in total sales at 308,690 units in October. The Chennai-based company sold 274,622 units in the same month last year.

IL&FS Engineering tanked 6.3% after the company reported a net loss of Rs 81 crore for the quarter ended September 30, 2016 as against a net loss of Rs 82 crore in the same quarter a year ago.

European shares were trading flat ahead of Bank of England’s latest rate decision and fresh corporate earnings. The FTSE 100 was trading down. DAX and the CAC 40 were trading flat around 0.4% each.

The rupee was trading flat at 66.70 per US dollar.

Out of 1,412 stocks traded on the NSE, 1,015 declined and 354 advanced today.

Top 5 Nifty Gainers: ITC Ltd. (4.18%), Hind. Unilever (2.05%), NTPC (0.95%), ONGC  (0.86%) and Infosys Ltd. (0.82%).

Top 5 Nifty Losers: Sun Pharma (-4.46%), Dr. Reddys Lab (-4.39%), Lupin Ltd. (-3.91%), Maruti Suzuki (-1.70%) and Bharti Airtel (-1.28%)

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.