Sensex plunges 900 points on Trump’s victory reaction.

With Donald Trump’s victory in the U.S. presidential election, U.S. market futures are looking positive. Strong signals were seen in the domestic stock markets, today driven by substantial buying in IT and banking stocks. The past two days have been very favourable for the stock market, with the Sensex closing up by 900 points. BSE’s Sensex closed at a level of 80,378.13, up by 901.50 points or 1.13%. Meanwhile, NSE’s Nifty ended at 24,484.05, with an impressive gain of 270.75 points or 1.12%. As soon as Donald Trump’s victory was confirmed in the U.S. presidential election results, the Indian stock market also saw a tremendous surge. The U.S. election results particularly impacted the shares of energy, transport, IT, and pharma companies. Like the Sensex, the NSE Nifty-50 also saw a sharp surge. NSE Nifty opened at 24,308, higher than its previous close of 24,213 on Tuesday, and reached a level of 24,537.60 during trading. Talking about the stocks that gained the most speed after Donald Trump’s victory in the U.S. presidential election IT company shares were at the forefront. The shares of Tata Groups prominent company, TCS, included in BSE large cap stocks, closed up by 4.21% at ₹4,138.80. Additionally, Tech Mahindra shares rose by 3.85%, closing at ₹1,696, while HCL Tech shares surged by 3.71%, closing at ₹1,838.95. According to the second-quarter results of IT companies, spending in the banking and financial services sector in the U.S. has increased. This is positive for Indian companies. The U.S. stock market also closed with a strong surge on Tuesday. There are expectations that the rally in the U.S. stock market will continue, which could also impact the Indian market.