Business

Sensex And Nifty Opens At Historic Highs In Early Trade

Benchmark equity indices Sensex and Nifty jumped about 4 percent in early trade on Monday, reaching new all-time highs as exit polls predicted a landslide victory for the BJP-led NDA in the Lok Sabha elections.

In early trade, the 30-share BSE Sensex soared 2,777.58 points or 3.75 percent to a new high of 76,738.89. The NSE Nifty climbed 808 points or 3.58 percent to a new all-time high of 23,338.70.

Exit polls on Saturday predicted that Prime Minister Narendra Modi will re-elected for a third term, with the BJP-led NDA winning a large majority in the Lok Sabha elections. The votes will be counted on June 4.

Adani Power, Power Finance Corp, RECL, Power Grid Corp, Bank Of Baroda, BPCL, GAIL (India), Adani Energy Solut., IOCL, and NTPC were the top gainers.

Among the laggards were Eicher Motors, Zomato, Havells India, HDFC Life Insurance, LTIMindtree, Britannia Industries, and Bosch.

In Asian markets, Tokyo, South Korea, Thailand, Singapore, Indonesia, Hong Kong, and Taiwan were trading higher, while Shanghai, and Malaysia were trading lower.

On Friday, US markets closed mostly higher.

Brent crude lost 0.04 percent to USD 81.08 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 1,613.24 crore on Friday.

On Friday, the Sensex advanced 75.71 points or 0.10 percent to 73,961.31, while the Nifty moved 42.05 or 0.19 percent to 22,530.70.

Also read: Mexico’s Political Assassinations Hit 37 Ahead Of Election

Spriha Rai

Recent Posts

Musk-Trump Fallout Threatens NASA And Pentagon Operations: Report

A recent fued between Elon Musk and former US President Donald Trump has raised serious…

10 mins ago

Rajeshwar Singh Honoured With ‘Excellence In Political & Public Life’ Award At House Of Lords

Rajeshwar Singh was honoured with the ‘Excellence in Political and Public Life’ Award at the…

12 mins ago

EaseMyTrip Launches ‘EMT Invest’ To Back Profitable Businesses: CEO Nishant Pitti

India’s leading travel tech company, EaseMyTrip, has launched a new investment platform named ‘EMT Invest’,…

18 mins ago

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

3 hours ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

3 hours ago

JD Vance Resignation Claim Is False; Confirms No Credible Source

Viral claims about US Vice President JD Vance resigning due to tensions between Donald Trump…

4 hours ago