ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » India News

Lok Sabha elections results 2019: Sensex hit 40K mark due to faith people have in present govt, says BSE MD & CEO, Ashish Chauhan

Lok Sabha Elections 2019: The domestic stock markets witnessed an upside trend since opening bell today. The major indices, BSE Sensex and NSE Nifty50 surged to historical highs of 40,000 and 12,000 respectively. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Lok Sabha elections results 2019: Sensex hit 40K mark due to faith people have in present govt, says BSE MD & CEO, Ashish Chauhan
The Sensex managed to touch 40,000 mark due to faith people have in present government. The market behaves parallel to growth or degrowth of economy and overall the market is towards new highs.

Lok Sabha Elections 2019: The domestic stock markets witnessed an upside trend since opening bell today. The major indices, BSE Sensex and NSE Nifty50 surged to historical highs of 40,000 and 12,000 respectively. Ashish Chauhan, MD & CEO, BSE told Zee Business TV, ''The Sensex managed to touch 40,000 mark due to faith people have in present government. The market behaves parallel to growth or degrowth of economy and overall the market is towards new highs.''

However at 12.30 hrs the benchmark indices traded off record highs with Nifty below 11,800 level and Sensex at 39,467. The market witnessed a correction in the other half of trading session. Meanwhile, Indian rupee was trading flat at 69.67 per dollar against previous close 69.66.

NDA has so far done, maintaining a lead in 340 seats even as counting is going on. Notably, BJP alone has over 290 seats in its bag. The UPA is at 88 seats with Congress at 49 seats. 

As far as stock market segments are concerned, there was pressure in sectors like FMCG and IT, while all other sectors were hovering in green. 

Chauhan further added, The votes in these elections were towards continuity and stability in India. he added that the current scenario states that this time, the ruling party will bag more seats than 2014. The market will welcome the present government for next tenure and it is expected to continue to rally in the future. 

However, the market will move on sighting of other factors like earnings risks, trade tensions between the US and China and a slowdown in Capex, which are some real worries that market has to deal with over the next 12 months.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
MarketsLok Sabha Elections 2019general elections 2019lok sabha chunav 2019lok sabha elections result 2019lok sabha chunav result 2019general elections results 2019
Written By: ZeeBiz WebTeam
Updated: Thu, May 23, 2019
01:26 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Stocks to Buy: Sandeep Jain recommends Tarsons Products for gains; lists fundamentals, top triggers Stocks to Buy: Sandeep Jain recommends Tarsons Products for gains; lists fundamentals, top triggers
Sebi permits FPIs to participate in exchange-traded commodity derivatives market Sebi permits FPIs to participate in exchange-traded commodity derivatives market
Zee Business questions Zomato’s move to leave out retail investors from its investor call; Managing Editor Anil Singhvi call out bias, demands this Zee Business questions Zomato’s move to leave out retail investors from its investor call; Managing Editor Anil Singhvi call out bias, demands this
What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this
Exclusive: SEBI, exchanges in discussion over bringing back trade execution range; know what is triggering the move Exclusive: SEBI, exchanges in discussion over bringing back trade execution range; know what is triggering the move

LATEST NEWS

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Rakesh Jhunjhunwala Stocks: Agrochemical firm Rallis India shares may surge by 23% despite pressure on margins – Here’s why?

This Android malware switches off Wi-Fi and drain mobile wallet

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

Commerce Minister looking to release new foreign trade policy before September, says official

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

Maruti Suzuki looks to deploy strong hybrid tech across model range

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

Cigarette makers shifted to biodegradable overwrap on packets, well ahead of plastic ban

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV