Trump victory triggers unexpected rally in India's IT stocks

The surprising rally in India's IT stocks following Trump's victory in the US presidential election is being closely watched by traders. They are looking for potential beneficiaries from the regime change in key sectors such as IT, chemicals, and pharmaceuticals.

Despite the strong performance of US equities, Indian markets are expected to have a subdued start according to Nifty futures. Traders are particularly interested in whether the Nifty 50 can sustain the gains from Wednesday's rally, as there is a critical resistance level just a few hundred points away.

The focus at the start of the trading day is on how these developments will impact market dynamics, especially in the broader Asian market trends.

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