Sensex, Nifty at all-time high as Exit Polls predict BJP win

Mumbai: Indian equity benchmarks opened at an all-time high on Monday due to Exit Polls predicting a Modi government comeback.

Sensex opened almost 2600 points higher at 76,582 points and Nifty opened almost 800 points higher at 23,338 points.

At 9:50 a.m., Sensex was at 75,818, up 1,857 points or 2.51 per cent and Nifty was at 23,115, up 584 points or 2.59 per cent.

There is a positive trend in the market as 1,983 shares are trading up while 177 shares are trading in the red on NSE.

Midcap and smallcap shares are also trading higher on Monday. The Nifty Midcap 100 index is trading at 53,012 points, up 1,306 points or 2.53 per cent, and the Nifty Smallcap 100 index is trading at 17,050 points, up 366 points or 2.20 per cent.

All the market indices are trading in the green. Auto, PSU Bank, Fin Service, Metal, Realty, Energy, PSE and Infra indices were major gainers.

All 30 Sensex stocks are trading in the green.

Power Grid, NTPC, M&M, L&T, SBI, IndusInd Bank, UltraTech Cement, Axis Bank and Airtel are the top gainers.

Market experts said that Fundamentals, technicals and sentiments turning favourable at the same time are rare in the market. This is what has happened now.

“The market went into the big event, like elections. Nifty corrected around 600 points from the May highs. Profit booking also happened on a large scale. The short position in the market also is high,” they added.



Sensex, Nifty hit new all-time high on strong global cues

Mumbai:Indian equity frontline indices opened in green on Tuesday following positive global cues. In the early trade, Sensex and Nifty made a new all-time high of 77,326 and 23,573 respectively....

India’s pharma exports clock double-digit growth amid surging demand in US, UK

New Delhi: India’s pharmaceutical exports continue to register double-digit growth, reflecting the strong demand for the country’s affordable generic medicines in global markets led by the USA and UK. India’s...

Sitharaman to hold pre-budget talks with India Inc, farmers’ bodies, state FMs this week

New Delhi: Finance Minister Nirmala Sitharaman will hold consultations with apex industry chambers, farmers’ associations and state finance ministers in the run-up to the full budget for 2024-25 that is...

Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billion

Seoul: Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise...

Foreign investors make a stellar comeback to Indian equity markets with Rs 11,730 crore inflow

Mumbai: Foreign investors were selling equity in Indian markets for the last few months. The trend changed from the previous week when Foreign Institutional Investors (FIIs) invested Rs 11,730 crore...

Dharavi Redevelopment: ‘Land transfer is to Maha govt, not developer Adani Group’

Mumbai: The ongoing Dharavi redevelopment project does not involve any land transfer to Adani Group but it was only to the Maharashtra government's Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA). The...

Markets need correction but current momentum indicates otherwise

New Delhi: After the sharp gains witnessed in the previous week, markets were circumspect this time around but continued to post gains. Markets are at lifetime highs, and in the...

Modi 3.0: Stock markets to touch new high in 1 yr, say global rating agencies

New Delhi: Indian stock markets have seen a robust rally since the new government's formation, closing at an all-time high in the last week. According to top rating agencies, the...

Indian stock markets breaking global benchmarks in equity market cap

New Delhi: As Indian stock markets continue to touch fresh new highs almost every day post the formation of the new government, they are also breaking global benchmarks. In a...

ONGC, Oil India Ltd to gain as Govt cuts windfall tax on crude oil

New Delhi: The Government has reduced the windfall tax on petroleum crude to Rs 3,250 per metric tonne from Rs 5,200 with effect from June 15 as prices of crude...

Sense, Nifty at all-time high as inflation cools this week

Mumbai: Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time...

India’s forex kitty surges to new lifetime high of $655.8 billion

Mumbai: India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by...

Read Previous

Mother Dairy hikes milk prices by Rs 2 per litre across all variants

Read Next

NASA-Boeing’s Starliner to make a third attempt to launch crew on June 5

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By :