Markets action for the day

Markets action for the day

The market closed on a strong note after witnessing a roller-coaster ride amid US presidential election results on November 4, led by buying in IT and pharma stocks and sharp weakness in rupee against the US dollar.

The BSE Sensex jumped 355.01 points to close at 40,616.14, while the Nifty50 rallied 95 points to 11,908.50 and formed a bullish candle on the daily charts.

The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a gap-up opening for the index in India with a 171 points gain.

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