On Wednesday, domestic stock markets positively reacted to Republican candidate and former US president Donald Trump’s projected victory in the US presidential elections.
The Nifty closed in green territory at 24,484.05, up 270.75 points or 1.12 percent, and the BSE Sensex at 80,378.13, up 901.50 points or 1.13 percent. During the trading, the BSE Sensex upped over 1000 points at a point while the Nifty reclaimed a level of 24,500.
On the National Stock Exchange (NSE), Bharat Electronics Limited, Adani Enterprises, TCS, Wipro, and Infosys were the top gainers. The top losers during the trading were SBI Life Insurance, Titan, HDFC Life, IndusInd Bank, and Trent Limited.
All the sectoral indices on the NSE are traded in green territory. Broader indices also posted strong gains, with Nifty Midcap 100 and Nifty Smallcap 100 rising over two percent each. All sectoral indices ended higher, led by Nifty IT, which surged 3.99 percent, followed by Consumer Durables and Realty indices, which gained more than two percent.
The global markets, except some Asian markets, are positively reacting to Trump’s victory, as S&P 500 futures hit a record high in a broad rally.
European shares opened higher today, following gains in US stock futures after early election results indicated Trump’s clear victory and Republicans secured control of at least one Congressional chamber.
In Asia, Japan’s Nikkei 225 gained 2.61 percent, while China’s main indices showed mixed performance, with Hong Kong’s Hang Seng falling 2.23 percent. Historically, Trump’s victory has been seen as negative for Chinese markets due to his anti-China stance.
