Sensex, Nifty hit record highs as early trends hint at NDA win


PTI, May 23, 2019, 10:46 AM IST

Mumbai: The benchmark BSE Sensex rallied nearly 800 points and the NSE Nifty soared over 200 points to hit their respective record highs in early trade on Thursday, as counting of votes for the Lok Sabha election began.

According to traders, investor sentiment was boosted by initial trends that suggested a win for the ruling NDA. Amid market euphoria, the rupee also appreciated 26 paise to 69.40 against the US dollar in opening trade.

The 30-share index zoomed over 2 per cent to hit an intra-day high of 39,901.59. Similarly, the broader NSE Nifty too spurted more than 2 per cent to touch a record of 11,968.95.

In the previous session, the Sensex ended 140.41 points, or 0.36 per cent, higher at 39,110.21; and the broader NSE Nifty rose 28.80 points, or 0.25 per cent, to 11,737.90.

Top Sensex gainers in morning trade include IndusInd Bank, SBI, L&T, PowerGrid, Yes Bank, Kotak Bank, ICICI Bank, RIL, HDFC, Bharti Airtel and Axis Bank, rallying up to 7 per cent. While, Vedanta, ONGC, Bajaj Auto and Sun Pharma slipped up to 1.92 per cent.

Meanwhile, foreign institutional investors sold equity worth Rs 965.02 crore on Wednesday, while domestic institutional investors sold shares to the tune of Rs 157.75 crore, provisional data available with stock exchanges showed.

Elsewhere in Asia, bourses in China, Japan and Korea were trading on a negative note in their respective early sessions. Brent crude, the global benchmark, was trading at 70.58 per barrel, lower by 0.58 per cent.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Doctors remove 77 needles from 19-yo woman’s head in Odisha

Karnataka HC revisits ruling on child pornography case, allows further investigation

Landslide in Ankola: Courageous efforts of skilled youths from Surathkal saves the day

Kin of Mucchumarri rape case accused juvenile dies in police custody in Andhra Pradesh

Guatemalan activist, Mexican politician conferred Gandhi-Mandela Award

Tomato prices soar to Rs 100 per kg in Delhi markets as rains hit supplies

Udupi: 8 injured in ‘rabid’ stray dog attack

Related Articles More

Job-for-locals bill: Skilling, not legislation, key to meet evolving industry demands, say experts

Nobody expects RBI to be cheerleader, coordination with government helped fast revival in economy: Governor Das

Infosys shares jump nearly 5 pc; market valuation jumps by Rs 20,843 cr after earnings announcement

Will support whatever regulations, guidelines come: Infy CEO on draft K’taka reservation bill

Markets decline in early deals on weak global peers, profit-taking

MUST WATCH

Brahma Kumaris

Tapta Mudra Dharana

Banana Farming

Aghnashini River

Dr. Rajkumar


Latest Additions

Special Task Forces formed to monitor flooding in Udupi

Stoic Hardik Pandya sports a smile as life goes on for India all-rounder

Ujjain shop owners told to display names contact numbers not targeting Muslims, says mayor

Man held in dry Gujarat for boasting about illegal liquor business in Facebook video

Withdraw baseless allegations: MP Kota Srinivas Poojary tells CM Siddaramaiah

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.