FIRST TRADE: Sensex adds nearly 200 pts, Nifty up 0.24% at 24,271

Indian equities in Wednesday's trade ahead of the crucial US election outcome opened in the green in Wednesday's session. At the open, Nifty was up 0.24 per cent or 57.7 points at 24,271, while the Sensex added 0.25 per cent or 194.95 points and scaled to 79,671.58.

Meanwhile, the broader markets outperformed the headline indices, with the Nifty Midcap 100 index up over 0.5 per cent at the last count.

Sectorally, all indices traded in the green, with the IT pack trading with most gains of 2.75 per cent, followed by Realty and Oil & Gas indices.

Also Read: What a Donald Trump or a Kamala Harris win may mean for D-Street?

Prashanth Tapse, Senior VP (Research), Mehta Equities said, "Technically, Nifty needs to close above 24,513 to confirm strength, though traders remain cautious ahead of the Federal Reserve's policy statement on November 7."

As the Q2 earnings season concludes, key results from companies like Apollo Hospitals, Tata Steel, and Power Grid are expected.

Stocks in focus 

Titan: Titan shares fell sharply after the company's weaker-than-expected Q2 earnings. The stock at the last count was down 2.72 per cent or Rs 88.05 at Rs 3,145 per share.

Tata Steel: Ahead of its earnings later today, the stock traded with a cut of nearly 1 per cent at Rs 151.1 per share.
 

Asian markets

Even as the Wall Street showed strength in overnight trade, the Asian markets traded mixed, with the Hong Kong's Hang Seng down nearly 3 per cent and Japan's Nikkei up 2.7 per cent. South Korea's KOSPI also traded down by 0.7 per cent.

The move comes as markets globally await the results of the US Presidential elections and also gauze more cues concerning stimulus from China.