US Elections 2024 : Indian businessman Gautam Adani praises Trump, calls him ‘unshakeable’ and congratulates him on his historic US election win.
Indian conglomerate shared a tweet from his official social media X handle saying, ‘If there is one person on Earth who stands as the embodiment of unbreakable tenacity, unshakeable grit, relentless determination and the courage to stay true to his beliefs, it is Donald Trump . Fascinating to see America’s democracy empower its people and uphold the nation’s founding principles. Congratulations to the 47th POTUS-elect.’
Gautam Adani Congratulates Trump
US Elections 2024 & Asia Market
Stock markets rallied more than 1 per cent on Wednesday with benchmark Sensex soaring 901 points on heavy buying in IT and pharma shares amid Donald Trump’s victory in the US presidential polls.
Extending its gains to the second day, the BSE Sensex jumped 901.50 points or 1.13 per cent to settle at 80,378.13. During the day, it soared 1,093.1 points or 1.37 per cent to 80,569.73.
The NSE Nifty soared 270.75 points or 1.12 per cent to close at 24,484.05.
From the 30-share Sensex pack, Tata Consultancy Services and Infosys jumped over 4 per cent each. HCL Technologies, Tech Mahindra, Adani Ports, Larsen & Toubro, Maruti and Reliance Industries were also among big gainers.
Titan, IndusInd Bank, Hindustan Unilever, Axis Bank and HDFC Bank were the laggards.
“Global markets experienced a relief rally following the US election results, reducing political uncertainty with Trump securing a strong mandate. This has led to strong risk-on sentiments, driven by expectations of tax cuts and increased government spending,” Vinod Nair, Head of Research at Geojit Financial Services said.
The domestic buying was broad-based, with IT leading the charge in anticipation of a rebound in IT spending in the US.
“BFSI spending in the US has improved as per the IT Q2 result which is positive for Indian players,” Nair added.
The BSE midcap gauge jumped 2.28 per cent and smallcap index zoomed 1.96 per cent.
All sectoral indices ended higher. The BSE IT soared 4.04 per cent, while teck (3.37 per cent), realty (2.68 per cent), industrials (2.66 per cent), services (2.53 per cent) and utilities (2.44 per cent) were among the major gainers.
A total of 3,000 stocks advanced while 968 declined and 95 remained unchanged on the BSE.
In Asian markets, Tokyo settled higher while Seoul, Shanghai and Hong Kong ended lower. European markets were quoting in the green. Wall Street ended sharply higher on Tuesday.
Global oil benchmark Brent crude declined 2 per cent to USD 74.02 a barrel.
Donald Trump’s Second Inning
Trump pledged to end the Russia-Ukraine war after Ukraine President Volodymyr Zelenskyy reached out to congratulate him on his Republican presidential nomination.
“I, as your next President of the United States, will bring peace to the world and end the war that has cost so many lives and devastated countless innocent families. Both sides will be able to come together and negotiate a deal that ends the violence and paves a path forward to prosperity,” Trump had said.
The four years of his second presidency will define not just how the US deals with its pressing domestic issues, it could also dictate its place in the world. The world is watching.
‘If there is one person on Earth…’: Adani Congratulates Trump Over His Big Win world-news World News | Latest International News | Global World News | World Breaking Headlines Today
