Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 5 -Yesterday, the Nifty 50 ended sharply lower on the back of US poll uncertainty and a poor second quarter results show. The index even broke below the October consolidation low of 24,073 and even closed below the mark of 24,000. -Majority of the losses came from banking names that were the top contributors to the downside, along with Reliance Industries. 40% of the 309-point drop that the Nifty saw on Monday came from HDFC Bank, ICICI Bank, Reliance Industries and Axis Bank. -With Monday's fall, the Nifty is down nearly 9% from its record high of 26,277, which it had hit on September 27. The overall session led to an erosion of ₹6.5 lakh crore in investor wealth. -However, this morning, the GIFT Nifty was trading at discount of nearly 50 pts from Nifty Futures Monday close, indicating a start in the red for the Indian market. -During Tuesday's trading session, which will also be the weekly expiry for the Financial Services index, stocks like ABB India, Bata India, Gland Pharma, IRCTC, JK Paper, KEC International, P&G Health, Raymond and Amara Raja will be reacting to their results that were reported after market hours on Monday. -Dr. Reddy's and Titan are the two Nifty names reporting results during Tuesday's trading session, along with a host of broader market names like GAIL, Berger Paints, Mankind Pharma, JK Tyre, Manappuram Finance, eClerx Services and CCL Products. -Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision. -In the run-up to Tuesday’s vote, equity traders decided to stay on the sidelines as a flurry of polls showed Americans remained narrowly split between Donald Trump and Kamala Harris. The likelihood of a disputed result may eventually drag the vote count out for weeks or even months. For many, that means one thing — a potential rise in volatility. -Overnight, the US markets ended lower to start the new week on a risk-off note as uncertainties over the US Presidential Election outcome and the Fed rate decision kept investors on the edge. The Dow Jones fell over 250 points, recovering from the lows of the day as at one point, the index was down over 400 points. The S&P 500 and Nasdaq Composite swung between gains and losses, eventually ending the session with a 0.3% cut each. -Apart from US polls, there are additional catalysts likely to move the market. Election Day will quickly be followed on Thursday by the Fed decision and Jerome Powell’s press conference, where he’ll give details on the central bank’s interest-rate path. A big chunk of US firms are due to report earnings. Tune in to the Marketbuzz Podcast for more news and cues