Markets rally for second day: Election ruling, MSCI buying underscore gains

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Markets rally for second day: Election ruling, MSCI buying underscore gains - Business Standard

Quick Summary:

Equities also received a boost amid hopes that Donald Trump’s choice of Scott Bessent for US treasury secretary would soften the implementation of sweeping tariffs and tax cuts.

Experts observed that the institutional flows on Monday were largely a one-off event driven by MSCI buying and selling, rather than a change in market trend.

Among them, ACC rose the most, closing 2.5 per cent higher, while Adani Green Energy Solutions declined the most, falling by 8.1 per cent.