Sensex Climbs above 40,000; Nifty Hits 12,000 for First Time.

Vishal Chauhan, 23/05/2019
Sensex Climbs above 40,000; Nifty Hits 12,000 for First Time.

Benchmark indices touched all-time record high as Sensex hit 40,000 and Nifty crosses 12,000 for the first time as early trends are showing that BJP led NDA is taking clear majority.

Ahead of the 2019 Lok Sabha results, market indices opened at an all-time high on Thursday, 23 May. BSE Sensex opened at 39,591.77, up 480 points and the broader 50-share NSE Nifty opened above 11,900 and was up by 1.5 percent in the morning trade.

Snapshot

  • The final results of the 2019 Lok Sabha are expected in the evening.
  • At 10.35 am, the Sensex was at 39998.18 and the Nifty touched 12001 marks.
  • BSE Sensex opened at 39,591.77 while NSE Nifty opened above 11,900.

1:03 PM, 23 May

Nifty PSU Bank Gains 4%

Nine out of 11 sectoral gauges compiled by National Stock Exchange advanced, led by the NSE Nifty PSU Bank Index’s 3.8 percent gain.

On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.9 percent.

12:33 PM, 23 May

Rupee Erases Gain, Trades Little Changed

The Indian rupee erased gains and were trading a little changed at 69.67 against the US dollar at 12.30 pm.

12:20 PM, 23 May

Reliance Capital Surges 4%

Reliance Capital will exit its entire stake in Reliance Nippon to Nippon Life. Nippon Life will make mandatory open offer at Rs 230 per share for Reliance Nippon stake.

11:55 AM, 23 May

Investor Wealth Zooms Rs 2.87 Lakh Cr as Markets Hit Record High

Investor wealth zoomed Rs 2.87 lakh crore in the morning trade led by a rally in the equity market where the BSE benchmark Sensex hit 40,000-mark for the first time ever.

Following the jump in stocks, the market capitalisation of BSE listed companies rose sharply by Rs 2,87,028.8 crore to Rs 1,53,56,153.14 crore in early trade.

From the Sensex pack, 25 scrips were trading with gains led by Yes Bank, IndusInd Bank, L&T, SBI, ICICI Bank, Kotak Bank and RIL.

11:32 AM, 23 May

Nilesh Shah Says Market Pricing In Decisive Moves from Incoming Government

The market is now pricing in that the new government will move decisively on key issues, according to Nilesh of Kotak Mutual Fund.

Speaking to BloombergQuint, he said that the inflation is now at a manageable level – which meant focus should be on growth and ease of doing business. “Our trade deficit has gone up with China. We think local manufacturing should be encouraged,” he said.

10:41 AM, 23 May

Share Market Today: Sensex Climbs above 40,000, Nifty Hits 12,000 for First Time

Benchmark indices touched all-time record high as Sensex hit 40,000 and Nifty crosses 12,000 for the first time as early trends are showing that BJP led NDA is taking clear majority.

At 10.35 am, the Sensex was up 887.97 points or 2.27 percent at 39998.18, and the Nifty up 263.10 points or 2.24 percent at 12001.

10:11 AM, 23 May

Share Market Today: Adani Group Stocks Rally; Adani Enterprises Jumps Over 8%

Shares of the Adani Group companies gained between 3-9 percent in the opening trade.

Adani Enterprises jumped as much as 8.4 percent to Rs 171.20 apiece and was the top performer among the group.

9:55 AM, 23 May

Share Market Today: Rupee Rises 26 Paise To 69.40/USD in Early Trade

The rupee appreciated by 26 paisa to 69.40 against the US dollar in the opening trade on Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

9:25 AM, 23 May

Share Market Today: Sensex, Nifty Open at Record High

Indian equity benchmarks – S&P BSE Sensex and the NSE Nifty 50 – opened at record high after the BJP-led National Democratic Alliance came up in lead in early trends.

The ruling alliance is ahead in over 200 seats while the main opposition, Congress, and its partners are leading in 85 seats as of 8.55 am.

7:46 PM, 22 May

Sensex Spurts 140 Pts Ahead Of Election Outcome

A day before the Lok Sabha results, the benchmark BSE Sensex on Wednesday, 22 May, ended 140 points higher, bolstered by gains in banking and auto stocks.

After swinging over 300 points during the day, the 30-share index ended 140.41 points, or 0.36 percent, higher at 39,110.21.

The gauge hit an intra-day high of 39,249.08 and a low of 38,903.87.

Meanwhile, the broader NSE Nifty on the same day rose 28.80 points, or 0.25 percent, to end at 11,737.90.

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