November 6, 2024: The Indian stock market witnessed a strong rally on Wednesday, driven by global cues ahead of the ongoing US presidential elections. Both benchmark indices, the BSE Sensex and NSE Nifty, surged sharply in early trade, continuing the momentum from the previous day's gains.

At 10:07 AM IST, the BSE Sensex had risen by 616.56 points, or 0.78%, to reach 80,093.19, extending its positive trajectory after a significant jump on Tuesday. Meanwhile, the NSE Nifty followed suit, rising 196.85 points, or 0.81%, to hit 24,410.15.

The Sensex had closed at 79,476.63 on Tuesday, up by 694.39 points or 0.88%, while the Nifty finished at 24,213.30, a rise of 217.95 points, or 0.91%. Both indices had gained ground amid optimism in global markets as investors awaited the outcome of the US elections, which are expected to have far-reaching implications for global economic policies and markets.

The rally in Indian equities has been supported by positive investor sentiment as the market remains largely focused on global developments, including the potential for a smoother US election outcome, which could signal stability in global markets.