Sensex, Nifty Close At Record Highs As Exit Polls Predict Modi Win
Closing Bell: Sensex Ends Over 1400 Points Higher, Nifty Closes Near 11,850
Indian equity benchmarks clocked their best single-day gains in nearly six years to close at record highs after the exit polls predict that the NDA will return to power.
The S&P BSE Sensex closed 1,422 points or 3.75 percent higher at 39,352.67 and the NSE Nifty 50 ended at 11,828.25, up 3.69 percent. The broader market index represented by the NSE Nifty 500 Index closed 3.67 percent higher.
The market breadth was tilted in favour of buyers. About 1,477 stocks advanced and 323 shares declined On National Stock Exchange. All the 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty PSU Bank Index’s 7.88 percent rally.
Nifty Bank Surges To Record
The NSE Nifty Bank Index extended gains for the third consecutive trading session and rose 4.3 percent intraday to hit an all-time high.
Europe Market Check: Equities Trade Mixed
European stocks traded mixed, following Asian peers, as investors await new developments in the trade war between the U.S. and China.
Market Check: Sensex Surges Over 1,200 Points, Nifty Above 11,750
Indian equity benchmarks extended their rally to trade at day’s high. Sensex jumped over 1,200 points and is 322 points away from its record high, while the Nifty traded above 11,750.
Block Deal Alert: Axis Bank, Exide Industries
- Axis Bank: About 13.4 lakh shares changed hands in a block deal.
- Exide Industries: About 19.6 lakh shares changed hands in a block deal.
Buyers and sellers were not known immediately.