Business

LIVE Market Updates: Sensex, Nifty Hit Fresh Record Highs

LIVE Market Updates: Sensex, Nifty Hit Fresh Record Highs

LIVE market updates: The Sensex and Nifty have risen in four out of five consecutive sessions

The S&P BSE Sensex and NSE Nifty 50 Indexes are set to open higher on Thursday, as counting of votes began for the general elections. Early trends showed that the Bharatiya Janata Party led National Democratic Alliance (NDA) was leading on over 180 seats while Congress led UPA was gaining on over 80 seats. Meanwhile, the Nifty futures traded on Singapore Exchange rose 52 points to 11,832 indicating a strong start for Indian equity benchmarks. On Wednesday, the Sensex and Nifty resumed their upmove after a day's break, with the S&P BSE Sensex ending 0.36 per cent and the NSE Nifty 0.25 per cent higher. With that, the benchmark equity indexes registered gains in four out of five consecutive sessions. Sensex and Nifty will reach a new record high by the end of the year, according to a poll of strategists by news agency Reuters, building on an election-driven rally in which investors have bet the ruling party will retain power and continue current economic policies. On Monday, the Sensex registered its biggest single-day gain since September 2013 after exit polls showed the National Democratic Alliance (NDA) party led by Prime Minister Narendra Modi will retain power for a second consecutive term.

Here are latest updates on the Sensex and Nifty ahead of election results 2019 today:


May 23, 2019
09:28 (IST)
Buying visible across sectors as all the 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Bankex Index's 2.4 per cent gain. Capital Goods, Finance, Power, Telecom Auto, Utilities and Energy sector gauges also rose between 1.5 and 2.2 per cent each.
May 23, 2019
09:20 (IST)
Stock markets have staged a gap opening with the Sensex and Nifty registering fresh record highs as early counting trends showed that PM Narendra Modi-led NDA was leading on over 250 seats. The S&P BSE Sensex surged as much as 578 points to hit fresh record high of 39,688.22 and the NSE Nifty 50 Index climbed as much as 169 points to hit record high of 11,907.
May 23, 2019
09:07 (IST)
May 23, 2019
09:06 (IST)
The stock markets have staged a gap-up opening in the pre-market session with the NSE Nifty 50 index surging as much as 159 points to record high of 11,897 while the S&P BSE Sensex surged nearly 500 points to record high of 39,606 as early trends showed NDA advancing on over 200 parliamentary seats.
May 23, 2019
08:59 (IST)
Early counting trends showed that the Prime Minister Narendra Modi-led NDA was leading on over 200 points while Congress was ahead on 91 seats. As of 8:57 am, trends for 364 seats out of 542 parliamentary seats were out.
May 23, 2019
08:41 (IST)
The SGX Nifty futures traded 69 points - or 0.59 per cent - higher at 11,849.00 on the Singapore Exchange at 11:08 am (8:38 am in India). 


No more content