Sensex shoots up 623 points, Nifty ends above 11,800 day after strong mandate for PM Modi

NEW DELHI: Equity indices completed in green on Friday, a day after Prime Minister Narendra Modi-led BJP retained power with an absolute majority in the Lok Sabha elections.

The benchmark BSE sensex soared 623.33 issues or 1.61 in keeping with cent to near at a report prime of 39,434.72, while the broader NSE Nifty rose 187.05 issues or 1.60 in keeping with cent to end at a recent lifetime prime of 11,844.10.


During the week, which remained abuzz with information revolving across the Lok Sabha poll effects, the 30-share BSE Sensex rose over 1,503 issues and the broader Nifty won 437 issues.

Top gainers at the BSE index come with ICICI Bank, Vedanta, Bharti Airtel, LT, Tata Motors, Tata Steel, SBI, M&M, Hero Motorcorp, IndusInd Bank, and Bajaj Finance surging up to 5,24 in keeping with cent. 28 out of 30 stocks ended in green.

While, NTPC and ONGC slipped up to 0.12 in keeping with cent.


On NSE, all sub-indices ended in green with Nifty PSU Bank and Realty surging the most, up up to 5.59 in keeping with cent.


In the broader market, small-cap and mid-cap indices outperformed the benchmark sensex. BSE Smallcap index soared 2.43 in keeping with cent, midcap climbed 2.09 in keeping with cent and largecap complicated 1.61 in keeping with cent. Overall, 1,827 stocks complicated and 695 declined at the BSE.


Asian stocks ended combined on Friday as traders globally remained cautious over the continued business tussle between the US and China.


(With agency inputs)
Sensex shoots up 623 points, Nifty ends above 11,800 day after strong mandate for PM Modi Sensex shoots up 623 points, Nifty ends above 11,800 day after strong mandate for PM Modi Reviewed by Kailash on May 24, 2019 Rating: 5
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