New Delhi: In America, Donald Trump has gained a decisive lead against his rival and Democratic Party candidate Kamala Harris. Now Trump's return to power is certain. Most stock markets around the world, including India, have welcomed Trump's victory.

Stormy rise in Sensex and Nifty

Trump had maintained a lead over Harris since the beginning of vote counting. The Indian stock market welcomed this and both the major indices i.e. Sensex and Nifty opened in the green. Both the indices registered a gain of more than 1 percent. In the last few days, the Indian stock market has fallen sharply due to global uncertainty and FII selling. But, Trump's victory has helped it recover.

IT stocks jumped the most

Sensex closed at 80,378.13 with a gain of 901.50 points or 1.13%. Nifty50 closed at 24,486.35 points with a gain of 273.05 or 1.13%. The highest growth was seen in IT stocks. Shares of IT companies like TCS, Infosys and Wipro saw a jump of about 4%. The IT sector is expected to benefit from Trump's victory.

Mixed trend in Asian markets

The Japanese stock market also seems happy with Trump coming to power. The Nikkei index there jumped by about 3 percent. However, Trump has a 36 figure with China and during his first term, there was a long trade war between the two countries. This is the reason why the markets of China and Hong Kong closed in the red after Trump's victory. There was a slight decline in the stock market of South Korea. However, there was a rise in the European markets.

Is Trump beneficial for India?

According to global brokerage firm Emkay Global, Republican candidate Donald Trump's victory can bring a few days' rally in the Indian stock market. Investors have suffered huge losses due to the fall in the stock market in the last few days. In such a situation, Trump's victory can compensate for their losses.

The US stock market also closed with a huge gain on Tuesday. The rally in the US stock market is expected to continue in the future. Its effect can also be seen on the Indian market.