Summary of the Day's Market Performance

• Sensex surged 901.50 points (+1.13%) to close at 80,378.13, while Nifty gained 270.70 points (+1.12%) to end at 24,484.00.

• BSE Midcap index climbed 2%, and Smallcap index followed with an almost 2% rise.

• Sector Highlights: All sectors closed in the green, led by IT (+4%), followed by oil & gas, power, capital goods, and realty (each up 2%).

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-4,445.59 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹4,889.33 crore (Net Buyers)

Foreign Institutional Investors (FII) maintained a selling position, while Domestic Institutional Investors (DII) dominated with net purchases.

• Trump Win Sparks Rally: A victory for Donald Trump has lifted global markets by reducing political uncertainty. With a strong mandate, Trump's win fueled optimism around potential tax cuts and elevated government spending.

• IT Sector: Domestic IT stocks surged, driven by expectations of increased BFSI and tech spending in the US.

• US Presidential Election: Donald Trump defeated Kamala Harris with 279 electoral votes, making him the 47th President of the United States. His return to office has positively impacted global markets due to expectations of an economic boost.

  

Key Stock Movements and News

• Top Gainers: Bharat Electronics, Adani Enterprises, TCS, Tech Mahindra, Infosys.

• Top Losers: SBI Life Insurance, Titan Company, IndusInd Bank, HDFC Life, HUL.

• Polycab (+4%): Emerged as the L1 bidder for a BSNL project worth ₹4,099 crore.

• Hindustan Zinc (-8%): Declined as GOI’s offer for sale for a 2.5% stake commenced.

• JTL Industries: Selected as the lowest bidder for a ₹265 crore Jal Jeevan Mission project in Jammu.

• RVNL (+4%): Won a bid for a Bengaluru rail project.

• SpiceJet (+2%): Stock rallied on the announcement of expanded domestic flight routes.

• Swiggy IPO: The subscription opened today and is generating strong interest.

• Polycab: Won a major project with BSNL; strong growth prospects in the telecom sector.

• JTL Industries: Success in the Jal Jeevan Mission project signals growth in infrastructure.

• RVNL: Recent project wins indicate continued strength in the infrastructure space.

Today's rally was buoyed by Trump’s US election win, reducing global market uncertainties. Domestic indices saw broad-based buying, with the IT sector leading gains in anticipation of an economic rebound in the US. DIIs provided robust buying support amid FII selling pressure. Sectors like metals, realty, and infrastructure gained in hopes of increased global spending.

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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