Nifty witnessed a strong sell off on the first day of the week, driven by nervousness around the US presidential election outcome as it can result in major global policy shifts.

GIFT Nifty (Earlier SGX Nifty) signals a flat start

GIFT Nifty on the NSE IX traded lower by 30.50  points, or 0.10  per cent, at 24,098.00, signaling that Dalal Street was headed for flat start on Tuesday.

US stocks down

U.S. stocks closed slightly lower after a choppy session on Monday, as investors prepared for a crucial week in which Americans will elect a new president and the Federal Reserve will announce its policy statement.

◦ Dow 0.61%,

◦ S&P 500 0.28%,

◦ Nasdaq 0.33%

Asian shares dip

Asian equities were softer in early trading amid increasing risk-off sentiment, as the clock ticks down to a tight US election and the Federal Reserve rate decision

◦ S&P 500 futures were little changed as of 9:07 a.m. Tokyo time

◦ Hang Seng futures were little changed

◦ Japan's Topix rose 0.1%

◦ Australia's S&P/ASX 200 fell 0.6%

◦ Euro Stoxx 50 futures fell 0.4%

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