Indian market regain losses; Pharma stock cheers on Trump win

Asian markets finished broadly lower today with shares in Japan leading the region. The Nikkei 225 is down 5.36% while Hong Kong's Hang Seng is off 2.16% and China's Shanghai Composite is lower by 0.62%.

Wednesday trading session will be memorable. It involved Donald Trump win as 45th US president and the goodbye of high-denomination notes (Rs 500 and Rs 1000) in India. Sensex, Nifty gained their most of early losses in the afternoon tradings. BSE closed at 27,252.53 down by 338.61 points or 1.23%, NSE finished at 8432 below 111.55 or 1.31%. 

Escorts' stocks were trading at Rs 333.10 down by Rs 14.25 points or 4.10% on BSE, trading at Rs 333.10. The company on Wednesday said, that it plans to introduce new farmatic tractors in Italy, Mexico.

Apollo Tyres regained most of it's shares after it signed agreement with Andhra Pradesh state for land acquisition. Shares were down by 1.29% on BSE, trading at Rs 195.15 at 3.18 pm. This was still better it opened only at Rs 189 lower from its previous close of Rs 197.70.

Mintues ago for Indian market closing, the Sensex and Nifty recovered their early trading losses. Presently Sensex was trading at 27,275.87 down by 315.27 or 1.14%, while Nifty at 8426.05 below 117.50 or 1.38%. This slight gain was led by banking and pharma stocks who gained after Trump won the US election. In early trading session, BSE and NSE were down by 1570 points or 505 points respectively. 

Punjab Ntaional Bank overcomed its early trading losses after Sunidhi Securities declared its ratings to 'Hold' on the bank. Shares of PNB was trading at Rs 141.80 up by 0.85%.  

With the win of Donald Trump, major pharma industries shrugged off uncertainties over drug prices which was discussed during the US election. Dr Reddy was top gainer by rising over 4.60% to Rs 3258. Sun Pharma shares also surged by 3.58% at Rs 658, followed by Lupin at Rs 1556.30 up by 3.11% and Cadila Healthcare at Rs 383.50 above 2.24%.  Other gainers were - SPARC at Rs 322.80(4.25%), Suven Life Science at Rs 181.75 (3.03%) and Marksans at Rs 48.40 (3.31%).

On Bloomberg many key people brought in their views in regards to the Trump win.

Francis Wilkinson - a former Democratic consultant said, "Demography Slays the Democrats Here and Now." 

While Gadfly said," Gold Bulls Are Betting on Trump's Favorite Metal."

Another statment was fromJonathan Bernstein -  president of Bernstein Crisis Management said, " Fears and Hopes for a President Trump."

US markets shrink after Donald Trump takesover as US president. 

After it was announced that Donald Trump wins the US election over Hillary Clinton, Sensex slipped over 560 points or 2.03% at 27,036.66, while that of Nifty at 8357.80 below 185 points or 2.17%. 

Donald Trump becomes the new president of United States. He surpasses 270 electoral votes.

The shares of Great Eastern Shipping Company shredded over Rs 11 or 2.97% on NSE, trading at Rs 351.20 despite its announcement of bagging contracts to buy two Aframax Crude carriers. 

Clinton takes lead in US election poll results

Problems being faced by patients after PM Mpdi bans Rs 500 and Rs 1000 notes.

Markets perform better when Hillary Clinton leads in the US elections