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The Indian stock market has saluted the victory of Republican candidate Donald Trump in the US presidential election. Nifty and Sensex managed to close with strong gains in the third trading session of the week. Buying was seen in all sectors of BSE. Midcap and smallcap stocks also saw a rise. The highest rise was seen in IT stocks. The Nifty IT index saw the biggest intraday rise in the last 4 months.
Apart from this, there was a jump in realty, oil & gas and PSE stocks. Energy, metal and auto index also closed with gains.
After a 1% fall in Brent crude oil, oil marketing companies and paints stocks saw a good rise. With today's rise, the total market capitalization of all the stocks listed on BSE has seen an increase of ₹ 8 lakh crore today. At what level did the market close today After a day's work on Wednesday, the Sensex closed at 80378, up 902 points. Nifty closed at 24484 with a jump of 277 points. The midcap index closed at 57356 with a gain of 1240 points. Nifty Bank closed at 52317 with a gain of 110 points. Which stocks saw action today Muthoot Finance, Manappuram Finance fell by 1% after the price of gold slipped below $2,720 an ounce in the international market. GAIL closed 6% higher after the release of its second quarter results. Granules India also closed with a gain of 4% after weaker-than-expected results. Hindustan Zinc closed 8% lower today after the launch of OFS for non-retail by the government. Titan was the weakest stock in Nifty today. The stock closed 2% lower today after weak results in the second quarter.
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