-Welcome back to CNBC-TV18’s Marketbuzz Podcast. This is your host Kanishka Sarkar bringing you top developments ahead of today’s trading session -Early exit polls in the extremely close U.S. presidential election appear to give an edge to Republican Donald Trump. Trump won eight states in the election while Kamala Harris captured three states and Washington, D.C., Edison Research projected. The early results were as anticipated, with the contest expected to come down to seven swing states. -Early results from Georgia, which narrowly voted for Democrats four years ago, could offer initial insight into how the two candidates are performing. Pennsylvania and parts of Michigan, both crucial battlegrounds, close at 8 p.m. local time. -Equities in Japan and Australia climbed. Chinese equities were mixed, with the CSI 300 Index of onshore shares edging higher in early trading while a gauge of the nation’s Hong Kong-listed stocks down about 1%. -While results were still being collected and polls remained open in many key states, the ex-president’s odds of election were climbing on betting markets and on national forecasting sites such as Decision Desk HQ. The Mexican peso and the Japanese yen dropped about 1%. -Back home, for a better part of Tuesday's trading session, Monday's lows were in danger of being taken out as the Nifty made a low of 23,842 on Tuesday. Then came the rebound. The Nifty Bank was the one that triggered the upmove with a sharp recovery from the lows. The financial services expiry, coupled with oversold setups on the charts led to a major short-covering move on the indices. By the end of Tuesday's session, the Nifty was back above 24,200 and the Nifty Bank, after a 1,000-point move, was back above 52,200, having traded briefly below the mark of 51,000 in intraday trading. -All eyes are now on the United States, where the outcome of the Presidential Elections, which is among the most closely contested ones in recent times, will be known in just a few hours from know. Polls continue to show both Donald Trump and Kamala Harris in a neck-to-neck fight. Sometime later today, there should ideally be a clearer picture as to who has emerged as the winner to be the next President of the US. -Wednesday's trading session will not only be the weekly expiry of the Nifty Bank, that led the reversal during Tuesday's trading session, it will also see earnings reactions from both Dr. Reddy's and Titan, the two Nifty constituents that reported results after market hours on Tuesday. Earnings reactions will also come from stocks like GAIL, Oil India, Mankind Pharma, Manappuram Finance, Waaree Renewables, JK Tyre, Berger Paints, Balmer Lawrie, among others. -While there are Nifty results like Tata Steel, Power Grid on Wednesday, broader market names like Delta Corp, Endurance Technologies, Power Grid, RITES, Rain Industries,  Sonata Software, JSPL, Shipping Corporation, among others will also be reporting results. -In terms of commodities, oil was steady after a five-day run of gains as the market monitored a tight US presidential election and Hurricane Rafael menaced production in the Gulf of Mexico. West Texas Intermediate traded near $72 a barrel after rising 0.7% on Tuesday, with Brent crude closing below $76. Rafael is threatening about 1.7 million barrels a day of output in the US gulf, and Chevron Corp. has shut some oil and gas facilities in the area. Gold was also steady as investors monitored a tight US election that could prove massively consequential for financial markets. -GIFTNifty was off highs this morning trading at a discount of nearly 60 pts from Nifty Futures Tuesday close tracking US polls outcome, indicating a start in the red for the Indian market. Tune in to the Marketbuzz Podcast for more cues