Business

Indian Stock Market Hails Trump Win, Sensex Surges 901 Points

Indian benchmark indices Sensex and Nifty rallied on Wednesday, gaining more than 1% after Donald Trump’s decisive victory in the US presidential election. The Sensex closed at 80,378.13, up by 901.50 points or 1.13%, while Nifty ended at 24,484, gaining 270.75 points or 1.12%.

Nifty Bank gained 110.15 points or 0.21%, closing at 52,317.40, while the Nifty Midcap 100 index closed 2.21% higher at 57,355.80. The Nifty Smallcap 100 index also rose 2.18% to close at 18,906.10.

IT Sector Leads Broad-Based Buying

Heavy buying was observed across sectors, with the IT sector leading gains. Nifty’s auto, PSU bank, financial services, pharma, FMCG, metal, realty, media, and energy sectors all traded in the green. Major Sensex gainers included TCS, HCL Tech, Infosys, Tech Mahindra, Adani Ports, L&T, and Maruti, while Titan, IndusInd Bank, Hindustan Unilever, Axis Bank, and HDFC Bank saw losses.

On the BSE, market breadth was positive with 3,013 stocks in the green, 961 in the red, and 89 unchanged.

Positive Global Market Sentiment Boosts Indian Indices

Experts attributed the rally to reduced political uncertainty following Trump’s win, with global markets staging a relief rally. Expectations of tax cuts and increased U.S. government spending drove strong “risk-on” sentiment. Indian IT stocks gained in anticipation of a rise in U.S. IT spending, adding momentum to the domestic market’s gains.

Also Read: Musk A ‘Super Genius’, Says Trump As Tech Billionaire Lauds ‘Mandate For Change’

Ajaypal Choudhary

Recent Posts

Indian Stock Market Rallies Despite Geopolitical Strains; Buoyed By Strong Domestic Sectors

The Indian stock market displayed resilience, opening on a positive note despite escalating geopolitical tensions…

34 minutes ago

Reaffirming Gandhi Ji’s Global Relevance: PM Modi’s International Tributes

Prime Minister Narendra Modi continues to honor Mahatma Gandhi’s ideals beyond India’s borders. During his…

13 hours ago

Delhi High Court Upholds AIMIM’s Recognition As Political Party

'The petitioner’s arguments cannot override the constitutional rights of AIMIM members. This petition has no…

13 hours ago

‘Democracy First, Humanity First’: PM Modi Highlights India-Guyana Parallels In Parliament Address

PM Modi emphasized the shared struggles of India and Guyana for independence from colonization. PM…

14 hours ago

Maharashtra Records 65.11% Voter Turnout In Assembly Elections, Marking A 30-Year High

The rise in turnout came with an 8.5% increase in the number of eligible voters.…

14 hours ago

42 Killed, 14 Injured In Militant Ambush In Pakistan’s Kurram Agency

"42 people have died as a result of firing on passenger vehicles in Kurram district.…

15 hours ago