The rumours led the market to be unstable, but as soon as the results came declaring Donald Trump as the President of the United States of America, the BSE and the NSE became balanced later on. Also the short surprise by the PM of India dampened the sentiments of the investors, by banning high currency denominations.
"The initial lead of Donald Trump in Us elections has sent overall markets in a tizzy. Now since the lead has been materialized in him winning the elections the market is adjusting itself to changed economics and decisive ways the policies will be implemented. As far as sectors are concerned the major impact will be on IT and Pharma sector," Mustafa Nadeem, CEO, Epic Research"
