Sensex Recovers From Trump Victory, Finishes Down by 1.2%

Indian share markets staged a mild recovery in the afternoon session after Donald Trump was elected as the President of the United States of America. At the closing bell, the BSE Sensex stood lower by 339 points, while the NSE Nifty finished down by 111 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.9% and 2.7% respectively.

Barring healthcare, PSU and banking sectors, all other sectoral indices finished in the red. Among them, realty sector fell the most by 10.2% following the government's ban on the use of Rs 500 and Rs 1000 currency notes.

Asian stock markets tumbled over the outcome of the U.S. presidential election with shares in Japan leading the losses.

According to an article in The Business Standard, NTPC is well on course to meet its target of generating 10 gigawatts (GW) of solar energy as part of the government's aim of 100 GW by 2022. More than 90% of the company's current coal-based capacity addition is low on carbon footprint, high efficiency and SC (super critical)/USC (Ultra Super Critical) units.

In a similar development, Adani Enterprises announced the commissioning of Punjab's largest solar power plant of 100 MW, at an investment of Rs 6.40 billion. The plant has been set up by its subsidiary Adani Green Energy Ltd. As per the reports, the company is said to be using top notch technology to set up the entire 100 MW solar plant project, which has started commissioning almost six months ahead of schedule.

Moving on to news from stocks in FMCG sector. According to an article in Livemint, Nestle India is evaluating five new segments to enter over the next few quarters. The move is part of the company's plan to reduce its dependence on Maggi noodles and get its existing portfolio of products back on the growth path.

Nestle share price finished the day down by 0.2% on the BSE.

Meanwhile, FMCG stocks languished in red in today's trade with Lakshmi Overseas Industries and Godrej Consumer leading the losses.

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