Bangalore: The 30-share BSE Sensex gained 130 points at 18,934.12 and the 50-share NSE Nifty rose 53 points to 5,764.2 at 12.17 pm on November 7.

The BSE sensex rose by 130 point on November 7 after President Barack Obama won the U.S. Presidential elections and was re-elected as 44th President of the United States of America.

Dalal Street investors were hopeful about the successful re-election victory of U.S President Barack Obama. "A win for Obama is a positive for the capital market as that would ensure flow of FII money into India," said Arun Kejriwal, Director, KRIS, an Investment Advisory Firm, as quoted by TNN.

The major gainers were Jaiprakash Asso, Bank of Baroda, DLF and IDFC.

Among major losers were Tata Power, Bharti Airtel, Siemens and Lupin.

"Forex dealers said dollar's weakness against euro and other currencies in the global market and increased selling of American currency by exporters supported the rupee," PTI reported. The dollar stumbled against the euro in Asian forex trading after President Barack Obama won a second term.