Indian stock market was seen brighter on Wednesday after many days. Even before the results of the presidential election in America, there was a bullish trend in the market. By afternoon, when Donald Trump’s bulldozer-like victory was confirmed, a bull run was also seen in BSE Sensex. The increase in shares of IT companies was tremendous.
The stock market had started today with a bullish trend. Sensex started with a gain of about 300 points. NSE Nifty also opened at 24,308.75 points. After the victory of Donald Trump, the rise in Sensex went above 1,000 points. However, a slight softening was recorded in the market later.
Sensex again flew high
BSE’s 30-company index Sensex reached a high of 80,569.73 points during the day’s trading. Whereas later, near the closing of the market, it remained around 900 points. BSE Sensex closed at 80,378.13 points. Similarly, NSE Nifty opened with a rise of about 100 points, which reached a high level of 24,487 points after Trump’s victory. Near market closing, it recorded a rise of around 270 points and closed at 24,484.05 points.
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TCS, Infosys, Tech Mahindra, HCL created ruckus
After the victory of Donald Trump in America, a tremendous rise was seen in the stocks of IT companies in the stock market. Shares of Tata Consultancy Services (TCS), included in the Sensex, were the top gainer. A jump of more than 4 percent was seen in its price. Similarly, Infosys shares also closed with a rise of more than 4 percent. Whereas shares like HCL Tech and Tech Mahindra were included in the top-5 gainer stocks. In these also a jump of 3.5 to 4 percent was seen.
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Market cap reached Rs 453 lakh crore
The effect of the rise in the stock market was that the total market capitalization of all the companies listed on BSE became 5.37 trillion dollars (about Rs 453 lakh crore) on Wednesday. Investors in the market made a profit of about Rs 8 lakh crore in one day (increase in market capitalization by Rs 7.91 lakh crore). Upper circuit was imposed in 458 stocks in the market today.
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