Markets were up by 265 points the sensex risimg to 27517 and the Nifty u by 94 points rising to 8525. Lot of short covering took place, with a lot of shares rising. Euopean shares also rose to certain extent. Trumps victory was an unexpected event for the market and the bold move of demonetising the currency was a shocker on the first day. Markets have recovered from both shocks and Investors have taken both events in their stride. The demonetising of currency has led to hopes of a better economy and eradication of black money which was a retardation for development. The GDP is expected to improve with the bold step and inflation will be under control. There might be a temporary setback for sometime, but economy will be better after this problem. Overall Trump seems to have found favour with India. Happy Investing And Trading.
