Indian equities witnessed the second day of strong gains today, buoyed by the USelection outcome which favoured Donald Trump

GIFT Nifty (Earlier SGX Nifty) signals a positive start due to US stock positive  sentiments

GIFT Nifty on the NSE IX traded lower by 128.5 points, or 0.52 per cent, at 24,448.50 signaling that Dalal Street was headed for positive start on Thursday.

US stocks surge

U.S. stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump Won the 2024 U.S. presidential election in a stunning comeback four years after being voted out of the White House.

◦ Dow up 3.57%,

◦ S&P 500 rises 2.53%,

◦ Nasdaq gains 2.95%

Asian shares up

Japanese shares led gains in Asian equities after US stocks climbed to record highs as investors positioned for a second Donald Trump presidency. The yen stabilized in early Asian trade after sliding on Wednesday.

◦ S&P 500 futures were little changed as of 9:06 a.m. Tokyo time

    Hang Seng futures fell 0.5%

◦ Japan's Topix rose 1.6%

◦ Australia's S&P/ASX 200 fell 0.1%

◦ Euro Stoxx 50 futures fell 1.6%

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