After Donald Trump's victory in the US presidential election, the Indian stock market is also witnessing a great boom. Nifty IT, the index of tech stocks, is trading with a gain of 4%. For the first time in the last 4 years, such a big intraday rise is being seen in the IT index. With today's rise, the Nifty IT index has now gone up by 18% in 2024. The IT index managed to reach the upper level of 42104.65 in intraday today.

Actually, Indian IT companies are expected to benefit after the presidential election is almost over. In the US stock market too, tech sector stocks saw a tremendous rise.

Today, all stocks of the Nifty IT index are seeing a rise. Infosys, TCS, HCL Technologies and Tech Mahindra are seeing the most rise. Earlier, stocks like Persistent Systems and LTIMindtree saw a rise of 3-4%. Apart from this, other stocks also saw a rise of 2-3%. Why is there such a rise in IT stocks? Pravesh Gaur, Senior Technical Analyst, Swastika Investmart, said that Indian IT companies have a good presence in the US. The markets here will see a rise due to the stubbornness of the Republican Party in the US. Indian IT companies will also benefit from this. The biggest reason for the rise in the Indian market today is the presidential election in the US. He said that due to strong quarterly results and expectations of profit, investors' interest in IT companies is increasing. It is also possible that foreign portfolio investors (FPIs) are also showing increasing interest in IT stocks. Other analysts also believe that Trump's victory could prove to be beneficial for India. Prime Minister Narendra Modi and Donald Trump share a good relationship. They believe that once the Trump administration imposes tariffs on China, it could give a boost to India's manufacturing sector. However, India will also have to bear the brunt of increasing tariffs on imports to some extent.