Stock market: Trump josh for IT stocks.. Sensex again above 80 thousand
Stock market: Domestic stock market indices continue to gain. Sensex is trading at a gain of over 700 points and Nifty at over 200 points.
Stock market today | Mumbai: Domestic stock market indices Sensex and Nifty are soaring. In the results of the American election, the victory of Republican candidate Trump (Donald Trump) over Kamala Harris has been finalized, so the indices are doing well. Sensex gained nearly 700 points and reached the 80,000 mark again.. Nifty also crossed the 24,400 level.
With Trump gaining the upper hand in the results of the US presidential election, buying support was seen especially in IT shares. Shares of Infosys, TCS and HCL Technologies continued to gain, adding to the indices. The Nifty IT index continues to gain 3 percent. 10 stocks in that index are trading in profit. While Trump continues to lead, the strengthening of the dollar index has become positive for IT stocks. Analysts say that this is the reason why the companies are getting income in American currency. On the other hand, due to the fact that tariffs on China will be imposed if Trump comes, Hong Kong markets along with the dragon country are trading at a loss.
At 12.37 pm Sensex was trading at 80,222 with a gain of 745 points.. Nifty was trading at 24,436 points with a gain of 223 points. Shares of HCL Technologies, Infosys, TCS, Tech Mahindra and Adani Ports continue to gain in the Sensex 30 index. Shares of Indus Ind Bank, Titan, Hindustan Unilever, Asian Paints and Tata Steel are trading at a loss. In the international market, while Brent crude oil continues at 74.44 dollars per barrel, an ounce of gold is trading at the level of 2734 dollars.