Published 17:22 IST, November 6th 2024
D-Street Trump card: These stocks rallied as Donald Trump marched to victory, Check top gainers here
The markets are being led by strong gains in Information & Technology stocks with HCL Tech, TCS, and Infosys topping the BSE.
Advertisement
D-Street Trump card: domestic stock markets have reacted positively to United States election results as Republican Party candidate Donald Trump claimed victory over Kamala Harris. BSE Sensex surged as much as 1,000 points to hit an intray high of 80,569.73 while National Stock Exchange’s Nifty 50 has gained over 256 points or 1.06 per cent and currently tring above crucial mark of 24,450.
markets are being led by strong gains in Information & Technology stocks with HCL Tech , TCS , and Infosys topping BSE. As day entered last tring hour, TCS was tring 4.17 per cent higher whereas Infosys and HCL Tech were tring 3.86 per cent and 3.77 per cent higher.
Advertisement
In terms of broer market performance, all market indices including mid-cap and small-cap indices were tring in green. While Nifty midcap 50 index surged 2.23 per cent, Nifty smallcap index also recorded a 2.02 per cent uptick.
Whereas, volatility in market declined as India's VIX fell by over 7 per cent.
Advertisement
Real estate, consumer durables, Oil & Gas, and auto stocks were among top gainers in tre on Wednesday.
Or top gainers on Sensex and Nifty are:
Advertisement
On or hand, 10 stocks in Nifty 50 index were also tring in red. Top losers for day on Nifty include:
- Titan
- SBI Life
- IndusInd Bank
- HDFC Life
- Trent Limited
Indian markets are positive on Trump’s return to power due to his strong stance against China and plan to implement higher tre tariffs on Chinese imports. According to experts, Trump’s anti-China policy can be vantageous for Indian businesses and exports as importers will shift likely to India.
Advertisement
15:08 IST, November 6th 2024