Impact of Trump’s lead in US Elections, stock market jumps, Nifty IT rises tremendously

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Impact of Trump's lead in US Elections, stock market jumps, Nifty IT rises tremendously
share market news

American Seeing Trump’s lead in the elections, the enthusiasm of stock market investors has increased. The Indian market opened with gains on Wednesday and good momentum is being seen in the early trade as well. The Bombay Stock Exchange index Sensex was seen trading at 79,911 with a gain of 0.53 per cent or 425 points in early trade. In early trading, out of 30 shares of the Sensex pack, 23 shares were seen trading on the green mark and 7 shares were seen trading on the red mark. At this time, the National Stock Exchange index Nifty was seen trading at 24,326 points with a gain of 0.47 percent or 113 points. Out of 50 shares of Nifty pack, 38 shares were on green mark, 11 shares were on red mark and 1 share was without any change.

There was a rise in these shares

Among the Nifty pack shares, the biggest rise was recorded in Trent by 2.84 per cent, Dr Reddy by 2.64 per cent, BEL by 2.10 per cent, HCL Tech by 1.94 per cent and Sun Pharma by 1.46 per cent. Apart from this, the biggest decline was seen in Titan by 3.09 percent, Tata Steel by 1.14 percent, SBI Life by 0.75 percent, Kotak Bank by 0.40 percent and Hindalco by 0.39 percent.

Situation of sectoral indices

Most of the sectoral indices were seen trading in the green in early trade. The maximum rise was seen in Nifty IT by 2.44 percent and in Realty by 1.49 percent. Apart from this, Nifty Oil & Gas fell by 1.24 per cent, Nifty Auto by 1 per cent, Nifty Bank by 0.33 per cent, Nifty Financial Services by 0.33 per cent, Nifty FMCG by 0.22 per cent, Nifty Media by 0.47 per cent, Nifty Pharma by 0.92 per cent, Nifty PSU A rise of 0.96 per cent was seen in Bank, 0.29 per cent in Nifty Private Bank, 0.82 per cent in Nifty Healthcare, 0.72 per cent in Nifty Consumer Durables and 0.47 per cent in Nifty Midsmall Healthcare. Only Nifty Metal saw a decline of 0.33 percent.

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