Nifty IT zooms 3.5%; Donald Trump impact? Which stocks are rallying?

Nifty IT zooms:  domestic stock markets are tring in green on Wednesday while United States is deciding next president of country. As Republican Party candidate Donald Trump takes a strong le over Democrat Kamala Harris, Indian bourses have reacted positively. BSE’s 30-share Sensitive Index (Sensex) surged over 700 points or 0.88 per cent, and NSE ’s Nifty 50 has crossed 24,400 mark with over 200 pts or 0.85 per cent uptick. 

Amid this, NSE’s sectoral index Nifty IT, representing top companies from information & techlogy (IT) sector, has recorded biggest surge among any sectoral index. Nifty IT has zoomed past 3.5 per cent with Persistent Systems, LTI MindTree, CoForge, and HCL Tech leing charge Persistent Systems have gained more than 5.21 per cent whereas industry giants such as HCL and TCS have recorded a 3.8 per cent uptick. 

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 vantous for Indian businesses and exports as importers will shift likely to India. 

US Presidential Elections: Stocks rallying today

top stocks which are driving markets today are as follows: 

• TCS
• Infosys
• HCL Tech
• Tech Mahindra
• ani Ports 
• Maruti Suzuki  
• Bharti Airtel
• Sun Pharma