Stock market today: On November 6, 2024, the Indian stock market showed a tremendous jump on the news of Donald Trump's possible victory in the US presidential election. By the end of trading, the Sensex rose 901 points (1.13%) to close at 80,378.13 and the Nifty 50 rose 270 points (1.12%) to close at 24,484. This boom in the market came due to Trump's rise and expectations of global economic recovery, which increased investor confidence.

Positive trend in all major sectors

There was a buying spree in all the major sectors like IT, Auto, Metal, Pharma, and Banking in the major index of Sensex. Among these, the IT sector was at the forefront, where shares of companies like TCS, Infosys, HCL Tech, and Tech Mahindra saw a huge rise.

Investors in the IT sector expect spending in the US markets to increase, which will benefit Indian companies.
Sectors like auto, PSU banks, and pharma also saw positive trends.

Midcap and smallcap stocks rise.

Nifty Midcap 100 and Smallcap 100 index also rose, where gains of 2.21% and 2.18% were seen respectively. It is clear from this that investors are ready to invest in midcap and smallcap stocks, which are still available at lower prices than large stocks.

overall positive atmosphere

Overall, 3,013 stocks on the BSE were in the green, while only 961 stocks were in the red. The positive trend seen in the market is driven by reduced uncertainty in global markets due to Trump's strong lead and expectations of tax cuts and increased government spending.

Investor confidence has returned..

According to experts, the results of the US election have brought some relief to the global markets. Under Trump's leadership, investors are hopeful that the US government will cut taxes and spend more on development plans, which will create a positive atmosphere in the market.

Finally, a good day for investors

Today was a great day for the Indian markets, where every sector saw growth and investors got good profits. The news of Trump's election results increased confidence in the global and domestic markets, and this excited Indian investors.