Stocks buoyed by PM Modi's assurances, Sensex-Nifty tripled

Equities: Domestic equity markets ended at an all-time high after the National Democratic Alliance (NDA) emerged victorious in the polls for the 18th Lok Sabha polls on hopes of a third term as Prime Minister Narendra Modi. The exit poll was released after the vote on June 1, 2024, prompting an all-time high for the stock market in early morning trading on Monday. At the same time, the election results are scheduled to be announced on Tuesday, June 4, 2024, celebrating the stock market closing at an all-time high. Mumbai Stock Exchange (BSE) benchmark Sensex rose 2,507.47 points to open at its highest peak on Monday morning, June 3, 2024 and closed at 76,468.70 points. 2,507.47 points or 3.39 percent. At the same time, the National Stock Exchange's (NSE) Nifty also rose by around 733.20 points, or 3.25 per cent, to 23,263.9 points. This is an all-time high for both the indexes so far. Among domestic Sensex-listed companies, GAIL, Power Finance, RIC, Bank of Baroda, SBI, HDFC Bank, Adani Ports, Reliance Industries, Vodafone Idea saw strong gains. , including Punjab National Bank, Canara Bank and Adani Power. At the same time, shares of Ibca, Motherson, Infosys and Bosch showed weak trend. Also Read: HDFC Bank's debit-credit card won't work on June 4-6 Talking about the rest of the world's markets, a weaker trend was seen in the US Dow Jones. Seen on London's FTSE. Gold rose to $2,331.25 per ounce on the international stock market. Meanwhile, gold rose by Rs 336 to Rs 71,550 on the Multi Commodity Exchange (MCX). Apart from this, in the international market, crude oil was trading slightly weaker at $76.89 per barrel by $0.10. At the same time, crude oil also weakened to $81 per barrel. Also read: Decline in manufacturing growth, exports at 13-year low The post Sensex-Nifty triples as equity market buoyed by PM Modi's assurances appeared first on Prabhat Khabar.