JK Tyre & Industries’ consolidated net profit plummeted by 42% in the September quarter, primarily due to a downturn in the commercial vehicle sector and a surge in natural rubber prices. Despite implementing price hikes, the company experienced a decline in revenue and margins.

U.S. stocks rallied on Tuesday, fueled by positive economic data, but the looming presidential election kept investors on edge. The tight race between Donald Trump and Kamala Harris, coupled with the potential for a split Congress, injected uncertainty into the markets.

U.S. stock futures, the dollar, and Treasury yields saw an uptick in Asian markets as early U.S. election results remained tight. While initial state wins were largely predictable, some betting sites shifted odds towards Trump, triggering market movements reminiscent of his previous term. Despite the uncertainty, futures markets indicated continued confidence in an impending Federal Reserve interest rate cut.

The underlying short-term trend of Nifty is on the verge of reversal. A decisive move above 24500 levels could open fresh upmove in the market. Any weakness from here is expected to drag Nifty down to 23900-800 levels again, said Nagaraj Shetti of HDFC Securities.

About a half hour after polls closed in six states, futures on the S&P 500 were up almost half a percentage point, 10-year Treasury yields rose and Bitcoin rallied, moves that together bore the imprint of trades linked to a Donald Trump victory. While results were still being collected and polls remained open in the vast majority of states, the ex-president’s odds of election were climbing on betting markets and on national forecasting sites such as Decision Desk HQ.