Sensex recovers but still down 300pts after Trump win; SBI up 2%

Equity benchmarks recovered sharply from day’s low but are still under pressure with Sensex losing over 300 points after the Republican Party won US elections and Donald Trump became 45th President.

The 30-share BSE Sensex was down 329.43 points or 1.19 percent at 27261.7 after showing 1300 points recovery.

The 50-share NSE Nifty fell 113.30 points or 1.33 percent to 8430.25.

The gap between advances and declines also narrowed a bit. About five shares declined for every share rising against 13:1 in morning on the BSE.

Healthcare stocks rebounded sharply after Hillary Clinton lost US elections. Pharma majors Sun Pharma and Dr Reddy’s Labs gained more than 4 percent. Lupin rallied 3 percent.

SBI also participated in recovery, up 2.5 percent.

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