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Sensex and Nifty Likely to possess A Cautious Start

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E-Mini futures for the S&P 500 retreated 0.2 per cent, having earlier been up 1 per cent. The US presidential election against President Donald Trump, but gold prices edged higher on the potential for contested voting results.

Asian share markets turned cautious on Wednesday, paring sharp early gains. E-Mini futures for the S&P 500 retreated 0.2 per cent, having earlier been up 1 per cent.


The Dow Jones Industrial Average rose 2.06 per cent, the S&P 500 gained 1.78 per cent and Nasdaq Composite added 1.85 per cent.


On the earnings front, depository financial institution of India, Lupin, HPCL, Adani Enterprises, Apollo Tyres, Balrampur Chini Mills and Happiest Minds Technologies will declare their Q2 numbers during the day.

On Tuesday, the BSE Sensex had closed above the 40,000 mark, rising 503.55 points or 1.27 per cent to 40,261.13 and therefore the Nifty had gained 144.30 points or 1.24 per cent to 11,813.50.

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