Wednesday, 9 November 2016
Donald Trump became 45th President, Rs 500, Rs 1000 notes scrapped, Tomorrow Stock Tips
Wednesday market witnessed, equity benchmarks picking up sharply from day's low, with Sensex recovering 1300 points after the Republican Party won US elections and Donald Trump became 45th President.
Stock futures were tumbling today, but were well off their lows as Trump was elected the president of the United States in a surprising victory.
The market staged a comeback in late trade after intraday swing of about 1500 points. The Sensex was down 338.61 points or 1.2% at 27252.53 and the Nifty slipped 111.55 points or 1.3% at 8432.
About 635 shares have advanced, while 2131 shares declined, and 96 shares were unmoved. The top gainers are Dr Reddy's Labs, Sun Pharma, SBI, GAIL, Lupin while TCS, Maruti, Hero MotoCorp, BHEL and Adani Ports were losers
Global markets also were feeling the shock from Trump's over his Democratic rival Hillary Clinton as European stocks fell but pared earlier losses and Asian markets tanked. Japan's Nikkei finished the session with a loss of 5.4 percent.