D-Street Trump card: These stocks rallied as Donald Trump marched to victory, Check top gainers here

D-Street Trump card: The domestic stock markets have reacted positively to the United States election results as the Republican Party candidate Donald Trump claimed victory over Kamala Harris. The BSE Sensex surged as much as 1,000 points to hit an intraday high of 80,569.73 while the National Stock Exchange’s Nifty 50 has gained over 256 points or 1.06 per cent and currently trading above the crucial mark of 24,450. 

The markets are being led by strong gains in Information & Technology stocks with HCL Tech , TCS , and Infosys topping the BSE. As the day entered the last trading hour, TCS was trading 4.17 per cent higher whereas Infosys and HCL Tech were trading 3.86 per cent and 3.77 per cent higher. 

In terms of broader market performance, all market indices including mid-cap and small-cap indices were trading in green. While the Nifty midcap 50 index surged 2.23 per cent, Nifty smallcap index also recorded a 2.02 per cent uptick. 

Whereas, the volatility in the market declined as India's VIX fell by over 7 per cent. 

Real estate, consumer durables, Oil & Gas, and auto stocks were among the top gainers in the trade on Wednesday. 

Other top gainers on Sensex and Nifty are: 

• Bharat Electronics
• Adani Enterprises 
• Tata Consultancy Services 
• Infosys
• HCL Tech
• Tech Mahindra
• Wipro
• Adani Ports
• BPCL
• Dr Reddy
• LT
• Britannia
• Reliance

On the other hand, 10 stocks in the Nifty 50 index were also trading in red. Top losers for the day on Nifty include: 

• Titan
• SBI Life 
• IndusInd Bank 
• HDFC Life 
• Trent Limited

Indian markets are positive on Trump’s return to power due to his strong stance against China and plan to implement higher trade tariffs on Chinese imports. According to experts, Trump’s anti-China policy can be advantageous for Indian businesses and exports as the importers will shift likely to India.