Donald Trump’s victory in America is being celebrated in the stock market also. Especially due to tremendous buying in the IT sector, a rise of about 1000 points has been seen in the stock market. On the other hand, there has been a tremendous rise in the shares of TCS, the country’s largest IT company. The company’s shares closed with a rise of more than 4 percent. Due to this rise, the market cap of the company has seen an increase of more than Rs 64 thousand crore. Due to which the market cap of the company once again crossed Rs 15 lakh crore. Let us also tell you what kind of TCS figures have been seen.
Donald Trump’s entry into power and IT sector
The path to power has been cleared for Donald Trump. According to foreign media reports, Trump is leading with 267 votes. Also, he has taken lead in some states. According to experts, Donald Trump is certain to become the next President of America. On the other hand, India’s IT sector has also welcomed it. In the Indian stock market, a strong growth of 4 percent was seen in the IT sector on Bombay Stock Exchange. Good growth has been seen in IT companies like TCS, Infosys, L&T, Tanla. The rise in IT companies in the stock market has definitely indicated that Indian IT companies are not going to suffer any loss in America after Trump’s arrival.
Record rise in TCS
On the other hand, with the victory of Donald Trump, the shares of TCS, the country’s largest IT company, saw an increase of more than 4 percent. The company’s shares closed at Rs 4138.80 with an increase of 4.21 percent i.e. Rs 167.05. During the trading session the company’s shares reached the day’s high of Rs 4149.80. However, the company’s shares opened at Rs 4000.05. A day ago the company’s shares had closed at Rs 3971.75. However, the company’s share is still about 10 percent below its 52-week high of Rs 4,585.90. Which was seen on 2 September.
Profit of more than 64 thousand crore rupees
Due to the increase in TCS shares, the market cap of the company has seen an increase of more than Rs 64 thousand crore and during the trading session the market cap of the company reached above Rs 15 lakh crore. A day ago the market cap of the company was Rs 14,37,013.90 crore. When the company’s shares reached the day’s high, it came to Rs 15,01,433.95 crore. This means that the market cap of the company saw an increase of Rs 64,420.05. After the market closed, the market cap of the company came to Rs 14,97,454.06 crore. This means that compared to yesterday, the company’s market cap increased by Rs 60,440.16 crore.
Shares of these IT companies also rose
After the closing of the stock market, an increase of 8.87 percent was seen in the shares of Nelco. While Quickheal has 8.62 percent, KPITech 7.10 percent, Intellect 7.08 percent, BLSE 6.42 percent, McCloud 5.84 percent, Map My India 8.89 percent, Genesis 4.77 percent, Tanla 4.29 percent and TCS, which is among the biggest IT companies of the country, has 4 percent share. An increase of Rs. has been seen. If we talk about Wipro shares, a rise of 3.75 percent has been seen. HCL shares have also seen a rise of 3.71 percent. An increase of 4.75 percent has been seen in the shares of LTIMindtree.
