Nifty closes with 3-month closing, Sensex plunges

After a lot of struggle, the market on Wednesday ended in red after polls indicate Donald Trump victory in the US presidential election.

The Nifty closed at over three month closing low, down 112.25 points or 1.3 percent at 8514 and the Sensex slipped 349.39 points or 1.2 percent at 27527.22.

Shares such as ONGC, Tata Motors, BHEL, SBI and Cipla were among the gainers while HUL, NTPC and Bajaj Auto were losers.

On the anti-dumping duty, the government may soon come out with a decision on duty protection measure for the domestic aluminum sector, which is facing dumping of products from countries like China.

Indicating strong auto sales, VE Commercial Vehicles today reported 14.43 percent increase in total sales in October at 4,560 units as compared with 3,985 units in the same period last year.

The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said total sales of Eicher-branded trucks and buses increased by 15.44 percent to 4,449 units in October compared with 3,854 units in the corresponding month last year.

In the domestic market, sales of Eicher trucks and buses stood at 3,854 units last month compared with 3,466 units in the year-ago period, up 11.19 percent, VECV said in a statement.

Exports of Eicher trucks and buses stood at 595 units in October as against 388 in the same month last year, up 53.35 percent. Volvo trucks sold 111 units last month compared with 131 units in October 2015, down 15.26 percent, the company added.