US Elections 2020: What's in store for Sensex, Nifty and other key indices

With a strong rebound from 50-DMA, both Sensex and Nifty have built a strong base that can see higher upside

The domestic equity market was trading over a per cent higher in the morning deals on Tuesday, ahead of the much-anticipated US presidential election due later in the day. The benchmark S&P BSE Sensex reclaimed the crucial 40,000 level to trade at 40,261 points while the NSE's Nifty was hovering around 11,400 levels.

As per reports, Democratic rival Joe Biden is ahead in national opinion polls, but races are tight in battleground states that could tip the election to Donald Trump. 

A Democratic sweep is seen as the surest path to the massive stimulus to help revive an economy decimated