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Mumbai: Sensex and Nifty soared to record-high levels today (June 3) after a majority of the exit polls predicted that the Bharatiya Janata Party (BJP)-led NDA may win over 350 of the 543 seats in the Lok Sabha elections. Sensex surged 2,778 points, nearly 4 per cent, to hit its all-time high of 76,738.89. Nifty 50 surged 808 points, nearly 4 per cent, to hit its fresh record high of 23,338.70.<\/p>\n
Power Grid Corp, Adani Ports, Adani Enterprises, Shriram Finance and NTPC are among major gainers on the Nifty.<\/p>\n
Nifty Bank rose above 50,000 for the first time as markets opened ahead of Lok Sabha election results.<\/p>\n
Nifty PSU Bank jumped over 4% today. Top gainers included: Bank of Baroda, Bank of India, Canara Bank and State Bank of India.<\/p>\n
Indian rupee opened 47 paise higher at 82.99 per dollar today versus Friday\u2019s close of 83.46.<\/p>\n
Benchmark indices are trading strong in the pre-opening session as Sensex was up 2,093.53 points or 2.83 per cent at 76,054.84. Nifty was up 798.60 points or 3.54 per cent at 23,329.30.<\/p>\n
Kotak Institutional Equities said that the new government likely to focus on investment-led growth. A large BJP victory may sustain rich-to-bubble multiples in parts of the market, it said.<\/p>\n
IIFL Securities said that there could be attempts at accelerated reforms if PM Modi is re-elected while key sectors will be electricity and agriculture. The brokerage also remained positive on sectors like infrastructure, cement, private banks, NBFCs, and select industrials while being negative on IT & chemicals & neutral on most consumer sectors.<\/p>\n<\/p><\/div>\n
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[ad_1] \u00a0 Mumbai: Sensex and Nifty soared to record-high levels today (June 3) after a majority of the exit polls predicted that the Bharatiya Janata Party (BJP)-led NDA may win over 350 of the 543 seats in the Lok Sabha elections. Sensex surged 2,778 points, nearly 4 per cent, to hit its all-time high of […]<\/p>\n","protected":false},"author":1,"featured_media":28337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-28336","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/06\/Sensex-Nifty-open-at-fresh-all-time-high.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/28336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=28336"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/28336\/revisions"}],"predecessor-version":[{"id":28338,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/28336\/revisions\/28338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/28337"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=28336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=28336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=28336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}