The Sensex has reached an all-time high just days after experiencing a significant downturn on election counting day on June 4. The surge follows a period of uncertainty and fluctuation, demonstrating the dynamic nature of the stock market in response to political events.
The NSE Nifty index climbed 99.4 points to 22,920.80, continuing its upward trajectory and indicating a robust trading session.
Stock market: Leading companies saw gains, with NTPC, SBI, ONGC, Coal India, and Power Grid among the top performers, while Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India experienced losses.
Among Sensex companies, IndusInd Bank jumped over 7 per cent. Tata Steel, Mahindra & Mahindra, Bajaj Finance, Kotak Mahindra Bank, Hindustan Unilever, HDFC Bank, Axis Bank and JSW Steel also emerged as big gainers.
The stock market witnessed a steep selloff, resulting in a massive loss of approximately Rs 20 lakh crore within the first 20 minutes of trading. By 9:35 am, the market capitalisation of BSE-listed companies had dropped to nearly Rs 406 lakh crore from the previous session's Rs 426 lakh crore.
The Indian stock market witnessed a historic surge as the Sensex and Nifty soared to record highs just one day before the Lok Sabha election results. The Sensex surged by an astounding 2,507 points, closing at 76,469, while the Nifty climbed 733 points to settle at 23,264.
From the Sensex basket, Larsen & Toubro, Mahindra & Mahindra, Bajaj Finance, UltraTech Cement, NTPC, IndusInd Bank, Tata Motors and Titan were the major gainers.
The sharp declines in both indices signal investor concerns and potential volatility in the coming days. The downturn affected a broad range of sectors, contributing to the overall market slump.
The market opened in red on second consecutive day on Thursday morning. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.
The market opened in red on Wednesday morning. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25.
The markets witnessed significant volatility, reflecting investor caution after a series of record-setting sessions. Analysts attribute the downturn to profit booking and global economic uncertainties impacting investor sentiment.
In the early trade, the 30-share BSE Sensex climbed 194.9 points to 75,585.40. Meanwhile, the Nifty was also up by 59.95 points to 22,992.40 points.
In the early trade, the 30-share BSE Sensex climbed 269.28 points to an all-time peak of 75,679.67 in early trade. Meanwhile, the NSE Nifty went up by 86.1 points to hit a new lifetime high of 23,043.20.
The Sensex and Nifty achieved record highs during intraday trade on Friday before ending flat due to market volatility. The S&P BSE Sensex peaked at 75,636.5 but closed at 75,410, down 8 points. The NSE Nifty50 surpassed the 23,000-mark, closing 11 points lower at 22,957.
The benchmark indices, Sensex and Nifty, displayed encouraging gains in early trade on Friday. The positive momentum witnessed across various sectors further underscored the broad-based nature of the market rally.
In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90.
In the early trade, the 30-share BSE Sensex climbed 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
In the early trade, the 30-share BSE Sensex fell 218.11 points to 73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55.
Major sectors such as IT, finance, and consumer goods saw notable increases, driving the overall market uptrend. Positive global cues and strong domestic earnings reports contributed to the rally.
Bharti Airtel also made significant gains, climbing by 2.38% to Rs 1,342.95, amid expectations of tariff hikes post-general elections. Additionally, Tech Mahindra Ltd (TecM), Titan Company Ltd, and Infosys Ltd each recorded gains of over 2%.
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