Indian shares extend gains as Trump claims US presidential election win
** Indian benchmarks NSE Nifty 50 .NSEI and BSE Sensex .BSESN extend gains, rising 1%, each after Donald Trump claimed victory following Fox News' projection that he had defeated Kamala Harris
** A likely victory for Trump augurs well for Indian markets due to Republican's focus on China +1 strategy, plans to lower corporate taxes, which could boost sectors like IT, analysts say
** All 13 major sectors advance; IT index .NIFTYIT rises 3.7%, topping sectoral gains, also helped by acceleration in U.S. services sector activity
** Indian IT companies earn a significant share of revenue from the U.S.
** Tata Consultancy Services TCS.NS, HCLTech HCLT.NS, Infosys INFY.NS rise ~3.5% each, among top five Nifty 50 gainers
** Drugmakers .NIFTYPHARM - which also count U.S. as a key market - up 1.1%
Reporting by Bharath Rajeswaran and Hritam Mukherjee in Bengaluru
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