Stock market boomed due to Trump's victory, investors earned Rs 8 lakh crore, Sensex jumped 1000 points.

Impact of Trump's victory on the stock market: After a strong performance in the US presidential elections, a surge has been recorded in the stock market with the announcement of Donald Trump's victory by getting 277 electoral votes. Sensex jumped 1024 points, while Nifty also crossed the 24,500 level and is trading at 24,524. Investors' capital sank to the tune of Rs 8 lakh crore due to the bumper rise in IT and technology stocks.

In the afternoon trading session, Nifty was trading at 306.70 points and Sensex at 1053.78 points. IT and technology index rose more than 4 percent. The reason for the rise in IT stocks is the rise in the dollar index after Trump's victory. Strong dollar will increase the earnings of Indian IT companies. Because, Indian IT companies do business in dollars.
Till the time of writing the news on BSE today, 409 shares have an upper circuit of 5 to 20 percent. Whereas 226 shares have reached the highest level of 52 weeks. Out of total 4021 shares traded, 3017 shares are trading up and 913 shares are trading down.

Top gainers and losers on Nifty50

Share Last Price Jump
BEL 302.55 5.66
ADANIENT 3057.9 4.88
TCS 4142.5 4.31
Information 1826.8 4.14
HCLTech 1845 4.03
Share Last Price Crack
IndusIndBK 1072.65 -1.6
HDFCLife 708.3 -1.25
SBILife 1613.25 -1.22
Titan 3194.85 -1.1
Cipla 1593.75 -0.47

state of universal improvement

General improvement has been seen in the Indian stock market. Buying pressure in IT and technology stocks led the index to rise by 3.98 per cent and 3.48 per cent respectively. PSU index is trading up by 2.25 percent, Energy by 2.22 percent, Metal by 1.17 percent, Oil & Gas by 2.88 percent, Capital Goods by 2.78 percent, Power by 2.43 percent.