NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Sensex soars over 900 points as Trump wins US election
    Summarize
    Next Article
    Sensex soars over 900 points as Trump wins US election
    Nifty IT index led the sectoral gains with a 4% surge

    Sensex soars over 900 points as Trump wins US election

    By Mudit Dube
    Nov 06, 2024
    02:11 pm

    What's the story

    India's benchmark indices, the Sensex and Nifty 50, gained significantly on Wednesday.

    The rally was fueled by news of former US President Donald Trump's historic win in the 2024 US election.

    Both indices gained over 1% each, with the Sensex hitting 80,390 and the Nifty 50 reaching 24,482 points, respectively.

    Market upswing

    Market capitalization of BSE-listed firms also rises

    The total market capitalization of BSE-listed companies also witnessed a jump, increasing to nearly ₹451 lakh crore from around ₹445 lakh crore in the last trading session.

    The jump in market value has made investors richer by about ₹6 lakh crore in just one session.

    All sectoral indices grew during the period, further emphasizing the positive market sentiment.

    Sectoral performance

    Nifty IT index leads sectoral gains

    The Nifty IT index led the sectoral gains with a 4% surge, followed by the Nifty Realty index which jumped 3%.

    Other sectors such as Oil and Gas, and Consumer Durables also witnessed a 2% rise each.

    Auto, Media, Metal, Pharma and PSU Bank indices also rose over 1% each during this trading session.

    Election impact

    Trump's potential victory influences market sentiment

    Experts believe a Trump-led Republican government could greatly affect trade by potentially increasing tariffs and taking a more protectionist approach toward international trade.

    This political development has been identified as a key factor behind the positive market sentiment in India's benchmark indices.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Donald Trump
    Sensex
    US President

    Latest

    Who is the fastest batter to complete 5,000 T20 runs?  Shubman Gill
    'Jill and I have…': Biden's first post after cancer diagnosis Joe Biden
    US victims of explicit deepfakes can soon sue creators  Google
    Dalit student allegedly abducted, beaten, and force-fed urine in Tirupati  Tirupati

    Donald Trump

    Why Jeff Bezos stopped Washington Post from endorsing Kamala Harris Jeff Bezos
    Harris's big promise if elected: 'Prosecute Trump in 10 days'  Michelle Obama
    Iran's supreme leader Khamenei 'seriously ill,' son likely successor Ayatollah Ali Khamenei
    Elon Musk says he can slash US budget by $2T Elon Musk

    Sensex

    Sensex tanks 427 points, Nifty settles below 24,330 mark Stock Market
    Sensex closes near 79,900 mark, Nifty settles at 24,315 points Stock Market
    Sensex gains over 620 points, Nifty settles above 24,500 mark Stock Market
    Sensex gains 145 points, Nifty settles below 24,600 mark Stock Market

    US President

    What happens if Trump refuses to leave the White House? Donald Trump
    Mallika Sherawat predicted Kamala Harris's rise, a decade ago Times of India
    When US President Joe Biden fell off a bicycle White House
    Chicago July 4 parade shooting: Who is 22-year-old suspect Crimo? Chicago
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025