## Global Markets React: Sensex & Nifty 50 Rebound, US Election Day Begins, and Bullet Train Bridge Collapse in India
The world woke up to a flurry of news today, ranging from positive market movements to significant political events and unfortunate incidents. Let’s delve into the key stories shaping the global landscape:
Indian Stock Market Rebounds:
After a period of volatility, the Indian stock market experienced a strong rebound, with the benchmark indices, Sensex and Nifty 50, closing the day with positive gains. This recovery followed a month’s worst intraday performance and was fueled largely by a surge in banking stocks. HDFC, ICICI Bank, Axis, and State Bank of India were among the key contributors to this upward trend. This rebound comes ahead of the highly anticipated US Presidential election, suggesting a possible surge in investor confidence.
US Election Day:
Polls opened across the United States today, as voters head to the booths to elect their 47th President. The current Vice President, Kamala Harris, representing the Democratic party, faces a challenging race against former President Donald Trump, the Republican nominee. The election is being closely watched worldwide, with the outcome carrying significant implications for global politics and economic trends.
US Federal Agencies Issue Warning:
As the US election unfolds, federal agencies have raised concerns about potential Russian disinformation campaigns aimed at undermining the electoral process and public trust. The Office of the Director of National Intelligence (ODNI), the Federal Bureau of Investigation (FBI), and the Cybersecurity and Infrastructure Security Agency (CISA) issued a joint statement warning of foreign influence operations and urging the public to remain vigilant.
Bullet Train Bridge Collapse in India:
In a concerning development, an under-construction bridge for the high-speed bullet train project in Gujarat, India, collapsed. The incident occurred at the Mahi river site, trapping three labourers under concrete blocks. Rescue operations were swiftly initiated by the Anand Police and fire brigade. The National High Speed Rail Corporation Limited has confirmed the incident and is investigating the cause of the collapse, raising concerns about safety standards and project execution.
Jharkhand Elections and Manifesto Release:
The INDIA bloc alliance, a coalition of opposition parties in India, released its joint manifesto for the upcoming Jharkhand Assembly polls. Congress president Mallikarjun Kharge, speaking on behalf of the alliance, highlighted the seven guarantees outlined in the manifesto. The release of the manifesto signals the commencement of the election campaign in Jharkhand, further adding to the political dynamics in India.
