Sensex rushing 400 points, Nifty gains 116.50 pts, Equity share market tips

Money Maker Research In Thursday market at morning session, BSE Sensex rallied to the extent of 390 points led by gains in shares of ICICI Bank, Axis Bank, SBI, Sun Pharma, and RIL. The Nifty50 reclaimed its crucial level of 8,550 supported by gains in realty, power, metals, consumer durables, banking and autos stocks. Short covering and global signals has driven the market to some extent.

The 30-share BSE Sensex was rushing 400 points and the Nifty gained 116.50 points or 1.38% at 8548.50. The BSE Midcap & Smallcap indices rushed to the extent of 2 percent driven by strong breadth.

As a result of black money crackdown Nifty Realty index surged 4.5% after losing more than 10%. Metal surged 5.5% while PSU Bank index was gaining momentum. About 8 shares have advanced for every share declining on the exchange.

The US presidential elections takes stock markets by surprise with Donald Trump winning the polls. The markets initially went into a crack-up, amid worries that he might bring in trade barriers with other nations.

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