As exit polls predict third tenure for Narendra Modi, the Indian Equity benchmark on Monday opened at an all time high.
At 76,582 points, the Sensex opened about 2600 points higher, and the Nifty opened nearly 800 points higher at 23,338 points.
1,983 shares are trading higher on the NSE, indicating a positive trend in the market, while 177 shares are trading worse.
Sensex was up 1,857 points, or 2.51%, at 75,818 at 9:50 a.m., while Nifty was up 584 points, or 2.59%, at 23,115.
On Monday, shares of small and midcap companies are also trading higher. With a gain of 1,306 points or 2.53 percent, the Nifty Midcap 100 index is currently trading at 53,012 points, while the Nifty Smallcap 100 index is up 366 points or 2.20 percent at 17,050 points.
The The Indian Equity benchmark indices are all doing well financially. Major gainers included the Auto, PSU Bank, Fin Service, Metal, Realty, Energy, PSE, and Infra indices.
The 30 Sensex stocks are all trading higher right now.
The top gainers are Power Grid, NTPC, M&M, L&T, SBI, UltraTech Cement, Axis Bank, and Airtel.
According to market experts, it is uncommon for feelings, technicals, and fundamentals to all turn positive at the same time in the market. That’s what has transpired thus far.
“The market entered a significant event, such as elections. The Nifty dropped 600 points from its peak in May. Large-scale profit booking also took place. They continued, “The market’s short position is also very high.
Also Read:Stronger Than Ever: Adani Portfolio Delivers Record Performance
