Sensex recovers 425 points from days low after Trump’s win

From 1,600 points down as the day began, the Sensex had recovered to 425 points lower by 1.45 pm on Wednesday in a day of wild swings as America elected Republican Donald Trump as its next President in a big upset.

Indian markets tracked global cues. Global markets were spooked in the morning by the unexpectedly powerful performance of Donald Trump, who built upon an early lead to defeat Democrat Hillary Clinton.

While the markets were seen to favour a Clinton win as that would mean a continuity in US policy, analysts said the strong recovery of the Sensex in afternoon reflected relief that the uncertainty over the US election had ended.