Share Market LIVE: Sensex, Nifty reach new all-time highs; Banking, IT stocks help equity markets rally

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© Provided by The Financial Express Stock markets are expected to continue that momentum into the coming trading session after the US Presidential Elections saw Joe Biden oust Donald Trump.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices opened and surged to hit their all-time highs on Monday morning. S&P BSE Sensex reached a high of 42,566 points while Nifty 50 managed to claim 12,451 levels. Banking and IT stocks were zooming on Monday morning. ICICI Bank and Infosys were the top gainers. None of the Sensex stocks were trading in the red. Broader markets were mirroring the benchmark indices and were jumping to add to their gains. Asian stock markets were also trading higher on Monday morning. 

Joe Biden defeated Donald Trump in a marathon counting of ballots for the race to the White House. The former Vice President of the United States is expected to roll back on some of the policies that Donald Trump enacted during his four year stint. Equity markets have been buoyant across the globe since the election result. A stimulus package is still in the making in the United States with no certainty of when it could be announced.