India : Markets to open in red; all eyes on US Presidential results
Thu Nov 10 2016
Rajesh Sharma (265 articles)
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India : Markets to open in red; all eyes on US Presidential results

MUMBAI :

Indian share markets gained in trade ahead of the all-important US Presidential elections which have kept the markets on tenterhooks over the past six-months. Traders anticipating a Hillary Clinton win covered their shorts which led the markets to gain before closing on Tuesday, November 8, 2016. India Nifty closed past the levels of 8525; whereas Sensex closed below 27550 on Tuesday, November 8.

European stocks also closed up on a cautious day of trading owing to outcome of US Presidential election. However, major indices in the region gained close to half a per cent in day’s trade on Tuesday, November 8 2016.

US stocks gained on election day as Americans casted votes to select their next President. Dow Jones, Nasdaq and S&P 500 gained close to half a per cent on Tuesday, November 8, 2016.

Asian shares opened lower in trade as the votes were being counted in US election. Markets remained nervous as as no clear trend emerged of the winners of the elections on Wednesday, November 9, 2016.

SGX Nifty is trading with losses of 3.31 per cent to the levels of 8274. Markets are expected to open in red as results continue to pour in. We advise our readers to stay calm and let clarity emerge with respect to result outcome.


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Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.