Stock Market Today: The Indian stock market benchmark indices, Sensex and Nifty 50, settled down in green on Wednesday following Donald Trump’s claim of victory in the 2024 US Presidential election. Donald Trump is set to become the 47th President of the United States, the world’s largest economy. India’s sectoral indices had a fantastic day, with all of them trading in the green. The rally was led by IT, Realty, Auto, Metals and PSU Banks stocks.
The Sensex surged 901.50 points to settle at 80,378.13 on Wednesday. Nifty50 index also jumped 270.75 points to settle at 24,484.05 points.
The stock market maintained the surge during the trading session on Wednesday. The Sensex surged over 1,000 points to reach the day’s high at 80,569.73 points. Nifty50 index also jumped more than 300 points to reach 24,537.60 level.
Stock Market Today: Shares In Focus
Based on BSE data, here’s a snapshot of how key stocks performed in Wednesday’s trading session.
TCS (Tata Consultancy Services) – Settle 4.21% up at Rs 4,138.80 per share.
ICICI Bank – Settle 0.53% up at Rs 1,302.75 per share.
Tata Motors – Settle 0.50% up at Rs 839.60 per share.
Reliance Industries (RIL) – Settle 0.85% up at Rs 6,980.50 per share.
JSW Steel – Settle 0.89% up at Rs 1,008.80 per share.
HCL Technologies – Settle 3.71% up at Rs 1,838.95 per share.
Tech Mahindra – Settle 3.85% up at Rs 1,696 per share.
Adani Ports – Settle 3.21% up at Rs 1,371.90 per share.
ITC – Settle 0.26% up at Rs 481.30 per share.
HDFC Bank – Settle 0.22% down at Rs 1,754.15 per share.
On Wednesday, 25 out of 30 Sensex constituents ended in the green, while 5 Sensex stocks closed in the red.
What Trump’s Win Means?
The 2024 US presidential election results are almost in, and former US President Donald Trump is on the path to regain the presidency. Market analysts believe that Donald Trump’s presidential win could boost US spending, which may lead to sustained inflation. A Donald Trump presidency could bring about some significant economic changes, including, a stronger Dollar, and heightened trade barriers.
