The Indian stock market has given a grand welcome to the victory of Republican candidate Donald Trump in America. Yesterday the Indian market closed on a positive note, but today the signs are not good. Trump's victory has led to a tremendous rise in the American market in yesterday's session. But, pressure is being seen in the Asian markets since the early trading today. The Nifty was also seen trading with a decline of about 150 points.

In yesterday's session, investors have gained ₹8 lakh crore in a single day. All major indexes closed with a gain of about 1%. All sectors were green. IT, realty and oil & gas sectors saw the highest growth. Today is the weekly expiry of Nifty.

Also, the impact of the results of Apollo Hospitals, Blue Star, Aadhar Housing Finance, Delta Corp, Jindal Steel, Power Grid and Tata Steel and other companies will also be seen. M&M and Trent results are going to be released from Nifty today. Apart from this, Lupin, Cochin Shipyard, NHPC, SAIL, Cummins India, Emami, Emcure Pharma, Escorts Kubota, Ircon International and other companies will also release their September quarter results today. Signals from global markets After Donald Trump's victory, the US market saw tremendous growth yesterday. All three major indexes closed at record high levels. Dow Jones gained 3.57% and Nasdaq gained about 3%. Bitcoin and banking stocks saw the highest growth. The market will now be looking at the decision taken by the Federal Reserve regarding interest rates. Asian markets are weak today. Japan's Nikkei index is trading down by about a quarter percent. South Korea's Kospi index is also weak to the same extent. Pressure is also being seen in China's Shanghai Composite Index and Hong Kong's Hang Sang Index. FIIs - DIIs figures Despite the great rise in the market yesterday, foreign institutional investors have sold in the cash market. At the same time, buying is continuing on behalf of domestic institutional investors. Outlook for Nifty today Ajit Mishra of Religare Broking said that after two days of recovery, the resistance level of 24,500 has been re-tested for Nifty and after remaining above it, the index can reach the level of 24,800 today. Rupak Dey of LKP Securities said that after the recent consolidation in Nifty, strength is now visible. The index has also crossed the 100 DEMA on the daily timeframe, which is indicating an uptrend. In the short term, as long as the index is above 24,200, there are signs of strength in the trend. The next uptrend was seen only after crossing 24,750 and staying there. There is support for Nifty at the level of 24,240 - 24,200. Whereas, there is resistance at the level of 24,750 - 24,800. Nagaraj Shetty of HDFC Securities said that a long bull candle has formed on the daily chart. The market will gain momentum after crossing 24,500 and staying above it. Shetty said that the trend of Nifty looks positive in the short term. After crossing the first resistance zone of 24,500, the way to 25,000 will open for the index. At the same time, the first support for Nifty is at the level of 24,350. Outlook on Nifty Bank for today Rishikesh Yedve of Asit C Mehta Investment Intermediates said that technically Nifty Bank has failed to cross the recent swing high of 52,580 and is seen consolidating in a small range. As long as the index remains above 50,865, the relief rally is expected to continue. The index is currently showing signs of going up to the level of 53,000 - 53,500.