Positive macros, healthy results lift markets; pharma stocks rise (Roundup)

Mumbai, Nov 4 : Despite uncertainty over the US President election verdict, the Indian equity markets made gains on Wednesday.
Positive domestic macro data along with healthy Q2 results led to the rise.
Globally, markets around the world were volatile as early results from the US Presidential election showed a close race, potentially leaving the outcome in doubt for days to come.
Analysts cited that majority of investors had initially wagered that a possible Democratic sweep by Joe Biden could ease political risk while promising a huge boost to fiscal stimulus.
Consequently, markets slid shortly after President Donald Trump played the voter fraud card which unsettled indices as a long and protracted battle in the courts is precisely what investors do not want.
Back home, volumes on the NSE were just above the recent average.