sensex @All-time high: ET Market Watch: Sensex gains 2500 points, Nifty closes at record high. Key highlights
Sensex reached a lifetime high with intraday exit poll forecasts at 76,738. Well, not only this, but the market had a huge rally on Monday.
Both Nifty50 and BSE’s Sensex closed at record highs above 23,250 and 76,400 respectively. The surge comes after exit polls last weekend predicted a third term for Prime Minister Narendra Modi’s government in the recently concluded general election.
Sensex rose 2,507 points to close at 76,469. The broader NSE Nifty gained 733 points and ended at 23,264 points.
The market capitalization of all companies listed on the BSE surged from Rs 14 lakh crore to Rs 426.1 lakh crore.
Field
All major sectors have advanced. The financial sector rose 4% to a record high, while public sector banks surged 8.4%. Nifty Oil & Gas also rose about 6.8% while Nifty Realty surged nearly 6%. Broader, domestic-focused small-cap and mid-cap stocks rose about 2.4% and 3.2%, respectively.
Exit poll results:
Almost all exit polls have shown that the BJP is likely to win the June 4 Lok Sabha elections. An average of all major exit polls showed that the BJP-led NDA would win 374 seats.
Sentiment was also helped by Friday’s data showing the economy grew by a better-than-expected 7.8% in the January-March quarter.
Top winners and losers:
Adani Port (10.20%)
NTPC (9%)
SBI (9%)
Power grid (8.9%)
The losers were Eicher Motors, LTI Mindtree, HCL tech and Asian Paints.
The Lok Sabha election results are expected on June 4, when India will know whether the BJP will win for the third time.
