US Election Updates: Will be President to all Americans, Donald Trump says after win

Moneycontrol BureauWith this it is a wrap on the live coverage of US elections. Thanks for staying tuned.2:15 pm: Yen surges, Mexican peso plummets as Trump clinches victory. European markets set for sharp fall. Dow futures, though, more than halves losses, down about 300 points. Gold has the biggest rally. Key Indian indices now trading way off day's low. 1:55 pm: Narayan Murthy says, "America had a chance to create history by electing Clinton". Irrespective of policies in US, Murthy believes India should strive to become more valuable to companies there so that policies automatically turn favourable to us. "Our challenge is to make ourselves attractive to our customers by bringing innovation, working harder and smarter," he says. 1:50 pm: Leo Puri, MD of UTI AMC concurs that there is difference betwen campaign rhetoric and how it is actually managed. But considering Trump's strong views on trade some impact might be felt there. He will have to show radical shift on immigration issues. "There is an idealogical shift,"he says. 1:45 pm: Oil stumbles as Trump stuns markets with White House win. West Texas Internediate (WTI) futures fall to a intra-day low of USD 43.07 per barrel, down over 4 percent from their last close and their lowest since September, before recovering to USD 44.51 a barrel.   1:42 pm: Nifty back above 8,400, recovers 400 points from day's lows. 1:38 pm: Vallabh Bhansali of Enam says, "there is no doubt that we dont really know Trump's mind. but don't believe he will carry out whatever he said (on trade with other countries) during campaign. Worries about recession are exaggerated."1:32 pm: "To be really historic we need to do a great job and I promise I will not let you down," Trump says. He concludes, "the campaign is over, our work for the American people will begin now."     1:29 pm: Indian market at day's high. Now down 2 percent. Sensex nearly 1,100 points and Midcap Index 780 points off lows. 1.24 pm: A positive tone coming through in Trump's remarks. Says he will look to harness the country's creative talent, build bridges and have great relations with other countries.1.23 pm: "We are going to rebuild our highways, roadways, tunnels, schools and infrastructure," he says. "America will settle for nothing lesser than the best". 1.21 pm: "It is time for us to come together as one united people. I will president for all Americans and it is very important for me," he says. "I congratulate Hillary Clinton for a hard-fought campaign."1.19 pm: Donald Trump, President-Elect of the United States, is now taking to the podium.1.16 pm: Trump's VP pick, Mike Pence, is now speaking. "America has elected the true champion. This leadership will make American great again," he says, using the campaign slogan.1.12 pm: NBC reporting: Clinton calls Trump to concede election.1.08 pm: This is history being made. A President considered unelectable by most will be commander-in-chief of the world's largest economy. Bad day today for those in the polling and punditry business.1.02 pm: The Associated Press is among the first news networks to call the Presidential race. Says Donald Trump will be the next US President.12.55 pm: Filed under good-to-know: "Canadian immigration website crashes on election night".12:49 pm: Most global equity markets, including in India, are still reeling under the poll results. Earlier this morning, noted investor Adrian Mowat said he expects uncertainty to weigh down on markets for the next few months.Read more.12:43 pm: Clinton campaign Chairman John Podesta: 'She is not done yet'. A bit of gloom at the campaign venue. Hillary Clinton won't be speaking today, Podesta says. She has not yet conceded defeat.12:35 pm: US Ambassador addresses media, says sees a great degree of continuity in both governments as Trump leads Clinton 266 to 218.  12:24 pm: Markets awaiting final poll verdict. Sensex down around 900 points, Nifty down nearly 300 points.   12:09 pm: Trump becomes first Republican to win over Pennsylvania. leads with 265. Only 6 more electoral votes needed to be Prez. 11:50 am: Trump leads Clinto 244 to 215 in the race to 270 electoral votes. Republicans take control of Senate.11:30 am: Trump and the GOP could absolutely repeal Obamacare and 22 million people would lose health insurance, notes a CNBC report. 11:10 am: Pennsylvania tied after 95.6 percent of votes. Michigan and Wisconsin also on the radar. 11:06 am: Gold surges nearly 5 percent, poised for largest daily gain since 2008.11:00 am: Election outcome in sight. Clinton hanging on, leads in 215 seats, wins Nevada. Trump leads in 244. 10:45 am: "It will change.We will have so much winning if I get elected that you may get bored w/winning. Believe me." Trump tweets. 10:35 am: Trump now needs 26 electoral votes to become US President.10.30 am: S&P Futures falls 5 percent. Trading suspended until 8 pm IST. Dow futures tumble 800 points.10.25 am: With Trump's apparent Florida win, all eyes are now on Michigan which carries 16 electoral votes. The state last saw a Republican win in 1988. Pennsylvania another important state with 20 electoral votes. 10.20 am: Trump racing ahead. Now leads in 244 seats. Indian markets face fresh sell-offs. Sensex down over 900 points.10.05 am: JPMorgan says Trump victory going to be more shocking than Brexit.10:00 am: Trump retains lead, in 238 now, wins Georgia. Clinton in 209 seats. 9:45 am: Indian indices recover from day's lows. Sensex and Nifty now down about 3 percent each.9:42 am: Score now at 216 for Trump and 197 for Clinton.9:35 am: Trump back in the game, now in 201 seats, wins North Carolina; Clinton in 190.9:33 am: Clinton takes the lead in 209 seats, wins California, Hawaii, Virginia, Oregon. Trump now in 187, wins Idaho. 9:26 am: Nikkei down nearly 5 percent. Gold rallies higher, gains 3.35 percent.9:24 am: Trump leads in 197, wins key state of Florida. Clinton in 131. 9:20 am: Mild recovery in Indian markets, now 500 points off lows. Sensex down a little over 1,000 points.9:17 am: Clinton leads in 131, wins Colorado. Trump leads in 168. 9:15 am: Market crashes in opening trade, Sensex tanks 1,600 points or nearly 6 percent. Nifty down over 500 points. Midcap index down 8 percent. 9:11 am: Trump has 89 percent chance of becoming President as of poll data up to 9:00 am IST, as per NYT. 9:10 am: Indian market tanks in pre-opening session; Sensex down 1,340 points now. 9.08 am: Indian rupee opens at 66.80 per dollar; slips 18 paise.9:05 am: Dow futures dips further, down 750 points now.  8:55 am: Trump wins 17 Seats; Clinton wins 12 so far.  8:48 am: Dow futures nosedives over 600 points. Trump leads in 168, takes Ohio. 8:47 am: Gold rallies to 5-week top. Spot gold was up 2.9 percent at USD 1,311.80 an ounce by 0235 GMT. Bullion peaked at USD 1,312.80, its strongest since October 4.8:42 am: Mexican peso plunges nearly 10 percent to record low versus USD.8:38 am: Clinton inching ahead, takes lead in 109 seats, wins New Mexico. Trump hits 150. 8:32 am: Trump racing forward, leads in 140 seats. Clinton still at 104. 8:28 am: Huge gap-down opening likely for Indian markets; SGX Nifty down over 3 percent in early trade. 8:25 am: Trump has 55 percent chance of becoming President as of poll data till 8:00 am, says New York Times. 8:18 am: Oil prices trending lower ahead of poll outcome. After seesawing early, Brent prices were trading down over 2 percent from their last settlement, at USD 45.11 per barrel at 0231 GMT.8:15 am: Asian markets heading lower. Nikkei sheds close to 2.8 percent.8:10 am: Trump takes the lead in 137 seats, wins Kentucky, South Carolina, Indiana, West Virginia. 8:05 am: Dow futures plunges 500 points as election tighter than expected. Nikkei, Hang Seng slip more than 1 percent each. 8:00 am: Of the 94 percent votes counted so far in Florida Trump leads by 1.4 lakh votes. 7:55 am: Hillary Clinton wins 10 seats: Rhode Island, Illinois, New York, Connecticut. Trump wins 15 seats: Missouri, Mississippi, Arkansas, Texas, The Dakotas, Kansas, Wyoming, Nebraska. 7:46 am: Donald Trump wins Okhlahoma, Missouri, Mississippi7:46 am: Hillary Clinton wins New York and Connecticut7:45 am: Clinton leads in 97 and Trump leads in 123; Trump leading in Florida 7:40 am Hillary Clinton set to win in New York7:35 am FII view: Khoon Goh of ANZ Research said that he sees the dollar paring back recent gains. Markets will be choppy until the outcome of the US polls.
The yen will be a currency which will swing depending on the outcome, he said. A Trump win will see a risk-off environment. Other risk-sensitive currencies like Mexican Peso will be sensitive to Trump’s odds of victory.

The US Dollar index will see an upside on a Clinton win. But if Trump prevails, then there will be a move down to 97 levels.

7:30 am Outlook: Speaking to CNBC-TV18 Ian Hui, JPMorgan Asset Management said that it is too early to call on US elections. “Keep an eye on Florida, North Carolina and Pennsylvania,” he said, adding that if Clinton wins, it will be a continuation of status quo. But if Trump wins, it will be seen as a headwind for the market.
He also said that Modi’s move to demonetise Rs 500 and Rs 1000 notes has been a surprise announcement. It will be seen as a positive move in the fight against corruption, he said.

7:25 am Donald Trump leading by over 1 lakh votes in Florida7:20 am Republicans retain control of the house7:15 am Hillary Clinton wins Rhode Island & Illinois7:10 am: With voting underway in many states, CNN reported that Hillary was leading Trump by 68 to 48 electoral college votes. Polling has closed in Georgia, Virginia, Ohio as well as South and North Carolina, besides the aforementioned four states.
To win the presidential election, a candidate needs 270 of the 538 electoral college votes.7:00 am Currency reacts: The Mexican peso, which has been closely watched during the election campaign as a barometer of the markets' expectation of a Trump win, weakened against the dollar to as low as 18.45, falling from an earlier session high of 18.24. 6:55 a.m: Marco Rubio to win bid for re-election in Florida6:50 a.m: Trump wins South Carolina 6:45 a.m: Trump wins Indiana, Kentucky; Clinton takes Vermont6:30 a.m: Polls have just closed in 16 states and DC. Don't miss: Big news in India as Govt discontinues Rs 500 & Rs 1000 notes

A historic day for US as the country decides its future after elections. Can Donald Trump spring up a surprise win or Will Hillary become the first woman president in US. Trump takes an early leads winning Kentucky, South Carolina, West Virginia and Indiana. Clinton takes Vermont

Asian markets open cautiously higher, as polling closes in some US states in the world's most closely watched election of recent times. Mexico's peso rallies while gold and the yen weakens as haven demand wanes.US equities closed higher on Tuesday, led by utilities, as investors eagerly awaited the results of the US presidential election.

The Dow Jones industrial average rose more than 100 points before closing about 73 points higher with 3M, McDonald's Travellers contributing the most gains. The index also broke above its 50-day moving average and traded lower earlier in the session. The S&P 500 gained 0.38 percent, as utilities gained around 0.7 percent, after briefly trading slightly lower.