BSE Sensex recovered 265 points as bank stocks rallied expectations of increased deposits following the government's note announcement and investors coming to terms with Trumps's win as the President. Global investors turned optimistic about generous tax cuts and higher infrastructure and defence spending in the US following Donald Trump's victory. The Sensex stayed in the positive terrain throughout and closed at 27,517.68, up 265.15 points, or 0.97 %, its biggest single-session jump since October 18. The gauge had lost 338.61 points on Wednesday's trade after recording biggest intra-day fall of about 1,689 points since August 2015, shocked by Donald Trump win in US election and the Centre's black money crackdown. Stocks such as Bank of India, PNB, Bank of Baroda, SBI, Canara Bank, Yes Bank, Federal Bank ICICI Bank, Axis Bank and HDFC Bank were the big movers of the day by surging up to 13.71 %, lifting the NSE Nifty bank by 3.49 %.

Source: dna November 10, 2016 11:20 UTC