Share Market Today: Indices Rally As Donald Trump Wins US Elections, Sensex Closes Over 900 Points Higher

The BSE benchmark Sensex surged over 900 points to settle the session at 80,378.13, while the NSE Nifty50 climbed 271 points to close trading at 24,484.05

Foreign institutional investors (FIIs) offloaded equities worth Rs 2,569.41 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth Rs 3,030.96 crore, according to exchange data.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Wednesday settled the session in green after Donald Trump was elected as the 47th President of the United States. A sweep for the Republicans translated into a rally for the Indian equities.

The BSE benchmark Sensex surged over 900 points to settle the session at 80,378.13, while the NSE Nifty50 climbed 271 points to close trading at 24,484.05.

Stock Update

On the 30-share Sensex platform, TCS, Infosys, Tech M, HCL Tech, and Adani Ports emerged as winners. On the flip side, Titan, IndusInd Bank, Hindustan Unilever, Axis Bank, and HDFC Bank were the only laggards as session ended.

India (VIX), the fear index that measures the volatility in the markets, plunged by a little over 8 per cent. 

In the broader markets, the Nifty Midcap50 index rallied more than 2 per cent, followed by the Nifty Midcap Select ended higher at 2.29 per cent.

Sectoral update

All sectoral indices closed in green, with the Nifty IT index dominating with almost 4 per cent gains. The Realty and Oil & Gas indices climbed 2.58 per cent and 2.54 per cent respectively.

Vinod Nair, Head of Research, Geojit Financial Services, noted, “Global markets experienced a relief rally following the US election results, reducing political uncertainty with Trump securing a strong mandate. This has led to strong risk-on sentiments, driven by expectations of tax cuts and increased government spending. The domestic buying was broad-based, with IT leading the charge in anticipation of a rebound in IT spending in the US. BFSI spending in the US has improved as per the IT Q2 result which is positive for Indian players.”

Foreign institutional investors (FIIs) offloaded equities worth Rs 2,569.41 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth Rs 3,030.96 crore, according to exchange data.