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Sensex, Nifty hit all-time high as exit polls predict big win for BJP-led alliance in Lok Sabha polls
YourStory
·
1y ago
Medial
The Sensex and Nifty, India's benchmark equity indices, surged nearly 4% in early trade on Monday to reach all-time high levels. This comes after exit polls predicted a significant victory for the BJP-led NDA in the Lok Sabha polls. All 30-Sensex companies were trading in the green, with Power Grid, NTPC, Larsen & Toubro, State Bank of India, Axis Bank, IndusInd Bank, ICICI Bank, and Mahindra & Mahindra as the biggest gainers. Additionally, the Indian economy grew by 8.2% in the previous fiscal year, solidifying its position as the fastest-growing major economy globally.
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Major trading apps Zerodha, Groww face glitch after market hits all-time high
Internet
·
1y ago
Medial
Major trading apps like Zerodha and Groww experienced glitches after the stock market hit record highs following exit polls indicating a likely third term for the BJP-led NDA. The Sensex surged over 2,000 points to 76,738.89, and the Nifty reached 23,338.70. The high trading volume also caused the CDSL website to go down.
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Equity markets fall as victory margin for Modi unclear in early trends
VCCircle
·
1y ago
Medial
Indian financial markets experienced a sharp sell-off as early vote counting trends indicated that Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) may not win a majority as predicted by exit polls. The National Democratic Alliance (NDA) led by Modi was expected to secure a big victory, leading to a surge in markets on Monday. However, investors are now seeking more clarity on the actual number of seats that the NDA will secure. The Nifty index and BSE index both dropped significantly, but have since recovered slightly.
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Market gains 3% amid high volatility; IT index outperform
Money Control
·
1y ago
Medial
The Indian market rebounded strongly, gaining over 3% despite the lack of a clear mandate for the BJP-led NDA in the exit polls. The RBI's raised growth forecast for FY25 and the announcement that Narendra Modi will form a new government for the third time boosted investor sentiments. The BSE Sensex and Nifty50 both reached all-time highs. The BSE Small-cap and BSE Mid-cap indices rose 3%, with certain stocks seeing significant increases. The BSE Large-cap index also increased by 3%, with gains in selected stocks. The Nifty IT and FMCG indices saw significant gains, while the Nifty PSU Bank index declined. Foreign institutional investors sold equities worth Rs 13,718.42 crore, while domestic institutional investors bought equities worth Rs 5,578.71 crore.
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Sensex, Nifty close in red for fifth session in a row; metals, IT stocks drag
Money Control
·
1y ago
Medial
Indian benchmark indices, Sensex and Nifty 50, dropped nearly 1% on May 30 ahead of the monthly expiry of derivatives contracts. Nifty 50 breached a crucial support level, signaling potential further decline. Analysts suggest a make-or-break point for the market ahead of the exit polls on June 1. Concerns over the ruling party's potential slim victory margin impacted investor sentiment. In terms of sectors, Nifty Metal and Nifty IT were the worst performers, while Nifty Bank recorded gains. Tata Steel, Infosys, and TCS contributed to the decline, while ICICI Bank, Axis Bank, and HDFC Bank recorded gains. The broader market also witnessed a decline.
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BJP Asks ECI To Take Steps To Address The Rising Use Of Deepfakes In Poll Campaign
Inc42
·
1y ago
Medial
The ruling Bharatiya Janata Party (BJP) has urged the Election Commission of India (ECI) to address the increasing problem of deepfake videos during the ongoing Lok Sabha elections. The party submitted a complaint highlighting the adverse impact of deepfakes on the electoral process. Instances mentioned include a deepfake video featuring actor Ranveer Singh voicing political views against the BJP, as well as one of actor Aamir Khan endorsing the opposition Congress party. The BJP called for stricter guidelines and monitoring mechanisms to combat the spread of deepfakes on platforms like X, Facebook, Instagram, and YouTube.
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Reliance, financials push Sensex, Nifty to record highs ahead of election results
VCCircle
·
1y ago
Medial
Indian shares surged to record highs on Monday, driven by financials, Reliance Industries, and energy stocks, following exit polls projecting a third term for Prime Minister Narendra Modi's government in the recently concluded general elections. The Nifty 50 rose 3.25% to 23,263.90 points, and the Sensex added 3.39% to 76,468.78, with both indexes marking their best session in 40 months. Financials and state-owned lenders experienced the highest gains, while energy and oil & gas sectors also performed well. The official election results are due on June 4.
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PM Modi to address digital NaMo rally of UP BJP booth members, 'panna pramukhs' on April 3
Money Control
·
1y ago
Medial
Prime Minister Narendra Modi is set to address a digital NaMo rally on April 3 through the NaMo app. The rally will connect with booth members and "panna pramukhs" of 10 Lok Sabha seats in Uttar Pradesh. PM Modi will interact with booth presidents and receive updates on party activities. The rally aims to engage BJP workers ahead of the third phase of voting in Uttar Pradesh on May 7.
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New-age tech stocks suffer as stock markets slump
Inshorts
·
1y ago
Medial
Reversing Monday's gains for many listed tech companies, most of the Indian new-age tech stocks nosedived on Tuesday (June 4) on the back of the Indian stock market crash by around 4,000 points impacted by the early trends of the 2024 Lok Sabha Election results. The current vote counts indicate a significant gap from the exit poll predictions.
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Nifty hits nine-month low, falls for seventh straight session
Business Today
·
5m ago
Medial
The Nifty50 benchmark closed lower for the seventh consecutive session, while the Sensex recorded a slight gain for the second day. This market dynamic has limited investor losses. Analysts predict a weak short-term outlook for the Nifty, with expectations of range-bound movement.
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Sensex, Nifty log weekly losses on US tariff risks
VCCircle
·
5m ago
Medial
India's Sensex and Nifty indices logged weekly losses amid U.S. tariff uncertainties, impacting auto and pharma stocks. The Nifty 50 dropped 0.51%, while the BSE Sensex fell 0.56% on Friday, with weekly declines of 0.58% and 0.83%, respectively. Both indices hit their lowest since June, pressured by U.S. trade policy concerns and foreign outflows. Auto and pharma sectors faced notable declines due to tariffs and competition worries. Midcap and smallcap stocks saw slight recoveries.
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