Following Exit polls, Sensex, Nifty reaches all-time highs at pre-opening

Nifty Bank opened above 50,000 for the first time ever, post after exit polls suggested a stronger return for the PM Modi-led BJP government.

Top Indian News Desk Last Updated : 03 June 2024, 09:32 AM IST

Follow us:

The Indian stock market is anticipated to start higher due to favorable global market cues, optimistic GDP growth in India, and exit polls from the Lok Sabha elections. The domestic equities indices ended a five-day losing run on Friday by closing with modest gains. The Nifty 50 closed 42.05 points, or 0.19%, higher at 22,530.70, while the Sensex increased 75.71 points to close at 73,961.31.

Also Read

• Pulwama: Gunfight underway between terrorists, security forces ahead of Lok Sabha vote count
• ‘My mind is filled with many emotions,’ PM Modi expresses his feelings after meditation, shares new Sankalps | 10 Points
• Lok Sabha Elections 2024: Day before counting of votes, re-election begins at Bengal's Barasat, Mathurapur

Sensex, Nifty soar to hit all-time high levels in early trade

— Press Trust of India (@PTI_News) June 3, 2024

At the pre-opening, Indian stock markets were up nearly 3 percent after opening this morning. Nifty 50 stands at 23141.80, Sensex at 75949.00 and Nifty Bank at 50498.05.

The BJP was projected to win by a landslide, according to exit polls, and on Friday, GDP figures exceeded expectations.

It is a developing story…
 

• 

  From Union Budget to Income tax rules… Major financial changes July will witness

  Business

• 

  Historic day for markets: Sensex crosses 79,000, Nifty hits all-time high

  Business

• 

  LIC cautions policyholders against offers to purchase existing insurance policies

  Business

• 

  Budget 2024: New tax regime likely to give relief to salaried taxpayers

  Business

• 

  Hindenburg was designed to defame us: Gautam Adani

  Business