Sensex tanks 1000 pts as Trump leads Clinton; Realty sinks 15%

Sensex Down
Equity benchmarks recouped more than half of early losses amid US elections uncertainty and black money crackdown. Only Lupin outperformed among Sensex 30 stocks.

The Sensex recovered more than 1000 points to trade at 26919.49, down 671.65 points or 2.4 percent. The Nifty was down 221.75 points or 2.60 percent at 8321.80.

Global markets will have a period of prolonged uncertainty if Trump wins, says Ramesh Damani. That is because Trump’s main election promise has been curbs on free trade and on immigration, and he may be under pressure to talk about that in the first month of office. However, Trump is a businessman and he will not favour any policy that could lead to potential recession, says Damani

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