BSE Sensex, NSE Nifty hit new high on Lok Sabha exit polls forecast

 

 

 

Market soar to new highs as exit polls see Narendra Modi-led govt win; BSE Sensex up over 300 points, NSE Nifty hits 7100 (AP)

SummaryIndian rupee was trading at 59.62/63 per dollar by 0340 GMT, compared with its previous close of 60.05/06

Riding on the exit polls forecast that shows a stable govt led by BJP coming to power at the Centre, the benchmark BSE Sensex hit yet another record high of 23,921.91 in opening trade today on heavy fund inflows.
All the sectoral indices led by oil and gas, PSUs, power, banking, realty and capital goods sectors were trading in the positive zone with gains up to 2.21 per cent.
The 50-share NSE Nifty also breached the psychological 7,100 mark for the first time by surging 101.95 points, or 1.45 per cent, to trade at a new high of 7,116.20.
The 30-share Sensex rose by 370.91 points, or 1.57 per cent, to trade at an all-time high of 23,921.91, surpassing its previous intra-day record of 23,572.88 reached yesterday. The gauge had rallied over 1,206 points in the past two sessions.
Brokers said sustained capital inflows by foreign funds at the domestic bourses and widespread buying by retail investors after exit polls showing the BJP-led NDA forming the government lifted the key indices to new highs.
Further, a firming trend in other Asian markets following overnight gains on the US bourses buoyed the trading sentiment here, they said.
Sectorally, the BSE oil and gas sector index gained the most, rising 2.21 per cent, followed by PSU index 2.16 per cent and capital goods by 1.98 per cent.
Among other Asian markets, Hong Kong's Hang Seng rose 0.78 per cent while Japan's Nikkei gained 1.79 per cent in early trade today.
The US Dow Jones Industrial Average gained 0.68 per cent to close at record high in yesterday's trade.
Markets continue to rally on hopes of clear victory for NDA; BSE Sensex up over 350 points
(Reuters) - BSE Sensex hit a third consecutive record high while the rupee and bonds gained in early trade on Tuesday after exit polls showed the Bharatiya Janata Party and its allies winning a majority in the country's elections.
BSE Sensex soars 370.91 points to hit new record high of 23,921.91 in opening trade while NSE Nifty scales new peak of 7,116.20.
Hindu nationalist Narendra Modi is set to become India's next prime minister, four major exit polls showed on Monday, with his opposition party and its allies forecast to sweep to a parliamentary majority in the world's biggest ever election.
The broader NSE stock index surged 0.94 percent to a record high of 7,080 in pre-open trade. The partially convertible Indian rupee was trading at 59.62/


vijay kr yadav
pgdm sem-2nd
sou- times of india