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Bloomberg
India stocks tracked Asian peers higher ahead of the US election.
The S&P BSE Sensex climbed 0.8% to 40,067.14 as of 10:04 am in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude.
Swings in stock prices are set to ease for the first day in five after a measure of volatility touched its highest level in three months after climbing for four days.
“A clear verdict in the US election on either side would be taken well by the market,†said Abhimanyu Sofat, head of research at IIFL Securities Ltd. in Mumbai.
Volatility in global markets, driven by fresh lock-downs in Europe and the US election had overshadowed early signs of an economic recovery in India.
As quarterly earnings continue, Sun Pharmaceuticals Ltd. and Adani Ports and Special Economic Zone Ltd. are due to report results.
The yield on the benchmark 10-year government bond was little changed at 5.89% while the rupee strengthened 0.2% to 74.3150 against the US dollar.