Stock Market: Market eyes on election results of five states, Sensex jumps 1200 points, Nifty also rises
Stock Market Opened On Green Mark: In the midst of the election results process in five states of the country on Thursday, the Sensex also appeared to be buzzing and both the indexes opened at the green mark with tremendous momentum. The 30-share Sensex of the Bombay Stock Exchange opened 1200 points higher, while the Nifty index of the National Stock Exchange also started trading with a rise of 300 points.
The Sensex also rallied amid the election results process in five states of the country on Thursday and both the indexes opened at the green mark with tremendous momentum. The 30-share Sensex of the Bombay Stock Exchange opened 1200 points higher, while the Nifty index of the National Stock Exchange also started trading with a rise of 300 points.
The Sensex had gained 1223 points on Wednesday.
Significantly, the stock market closed with a gain on Wednesday, the last trading day. The BSE benchmark Sensex gained 1223 points to close at 54,647, while the Nifty jumped 332 points to close at 16,325. Today, auto, bank, realty, PSU bank index and all sectoral indexes are trading in the green mark with a rise of 2 to 3 per cent. Meanwhile, the BSE Midcap and Smallcap index has gained 1-1 per cent.
All Sensex stocks gain.
All the 30 Sensex stocks are trading higher. Meanwhile, the biggest gains are being seen in banking stocks. Out of 30 stocks, Asian Paints, Hindustan Unilever and Axis Bank are the major gainers and all of them have risen by four per cent. Besides, shares of SBI, ICICI Bank, IndusInd Bank, Bajaj Finance, Bajaj Finserv, Maruti and HDFC gained 3-3 per cent. In contrast, Ultratech, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro, Titan, Kotak Bank are also trading up by 3 per cent.
Also the effect of the decline in crude oil.
On the one hand, the results of the elections held in five states of the country are coming today and its effect is being seen on the domestic market, while on the other hand, the sharp fall in international crude oil prices has also affected the perceptions of investors. Oil prices have fallen as much as 17 percent and Brent crude has fallen below 11 113 a barrel amid reports that the UAE is in favor of increasing oil production to control prices. This week, Brent crude hit a 14-year high of डॉलर 139 a barrel after 2008.
