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
  • RBI extends implementation of card tokenisation norms by 3 months; deadline extended till 30 September
  • EXCLUSIVE: 'Noida International Airport at Jewar to be jewel in crown of Indian aviation sector' - Know what all is coming up at
  • D-Street Corner: Market gains 2.7% in highly volatile week, investors richer by 5.5 lakh cr; what should investors do on Monday?
  • Sebi allows UPI payment option to invest in public issues of REITs, InvITs with effect from 1 August
  • Netflix lays off 450 employees in two months—Here's what's bothering OTT giant
Read in App
Business News » India News

Lok Sabha Elections results 2019; WOW! Sensex @40k just the beginning - 41,500-mark likely says expert

Where are Sensex and Nifty headed after hitting the 40,000-pt and 12,000-pt mark in early trade today? 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Lok Sabha Elections results 2019; WOW! Sensex @40k just the beginning - 41,500-mark likely says expert
Both benchmarks Sensex and Nifty as they have passed the 40,000-mark and 12,000-levels already. Photo: Reuters

There is extreme excitement among investors with the comeback of NDA government highly likely even as Lok Sabha Elections Results 2019 counting of votes is on. The happiness is being witnessed in both benchmarks Sensex and Nifty as they have passed the 40,000-mark and 12,000-levels already - these are all-time highs. One can only expect, what will be the outcome at the end of market hours. At around 1041 hours, Sensex is trading at 40,038.13 rising by a huge 927.92 points or 2.37%. While Nifty 50 soared by a whopping 270.90 points or 2.31% trading at 12,008.80. 

12,000-mark for Nifty was already a matter of time, but it was Sensex which has shown surprising and hefty performance making many investors richer in just 1 day. 

Amit Gupta, Co –Founder and CEO, TradingBells had already predicted Sensex to reach 40,000-levels. Gupta said, "If the prediction of the exit polls turn out to be true and NDA does come out with a clear majority, the markets might see new all time highs once again. That would be the best time to start booking profits on your longs while waiting for the right time to re-enter on dips." 

Thereby, Gupta said, "Nifty can be seen going past 12,000 if NDA wins clear majority, Sensex may touch 39,900 – 40,000 . On the downside 11,500 becomes the support (current 50DMA) if the current exit poll results are sustained."

In just one day, investors got massively richer if they invested in stocks like Yes Bank, IndusInd Bank, SBI, L&T, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank and Reliance Industries as they have surged by a massive 4% to 9%. 

Interestingly, 40,000-mark is just the beginning of Sensex. In fact, experts have given a new target and that's even more amazing. 

Romesh Tiwari, Head of Research, CapitalAim said, "Markets are expected to trade in a wide range of 2-3% before the trends of results, in the afternoon, comes out. Consensus on the big upward rally on the victory of BJP lead NDA can be used for unwinding long positions on market heavyweights like Reliance, HDFC, SBI etc. If early trends suggest BJP winning, then the markets may make new highs and the rally we have seen on Monday will continue. In that case Sensex can attempt to cross 41,500 and Nifty 12,300 and we can see profit booking at that level. Reaction of Midcaps and SmallCaps will be interesting to see as they are trading at better valuations than market heavy weights."

The counting so far reflects - NDA bagging majority with 337 seats, followed by 83 seats for Congress Party and 122 seats for others.

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:
lok sabha election resultsLok Sabha Election 2019SensexNiftyMarkets
Written By: ZeeBiz WebTeam
Updated: Thu, May 23, 2019
11:39 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Sensex regains losses, jumps 665 pts; Auto to banking stocks, 5 key factors moved your market Sensex regains losses, jumps 665 pts; Auto to banking stocks, 5 key factors moved your market
Lok Sabha 2019 elections: This major lender's shares gave over 204% return in 5 years Lok Sabha 2019 elections: This major lender's shares gave over 204% return in 5 years
Five factors that changed markets on the Lok Sabha Election Results day Five factors that changed markets on the Lok Sabha Election Results day
Modi-to-Modi-2014-to-2019 wins: This automaker more than tripled investor wealth - You can buy it still, gains in offing say experts Modi-to-Modi-2014-to-2019 wins: This automaker more than tripled investor wealth - You can buy it still, gains in offing say experts
Lok Sabha Election Results 2019: What logistic sector expects from Modi government in 2nd term Lok Sabha Election Results 2019: What logistic sector expects from Modi government in 2nd term

LATEST NEWS

iOS users can now securely save their passwords in Chrome

Government approves draft GSR notification for domestic Crash Test ratings; Bharat NCAP to be at par with global protocols, says road minister Nitin Gadkari

This Mukul Agrawal textile stock may grow over 52% on strong export outlook and government initiatives

Two-thirds of MSME loan originations concentrated in Maharashtra, Tamil Nadu, and Delhi: Credit information company data

RBI extends implementation of card tokenisation norms by 3 months; deadline extended till 30 September

Money Guru: How to plan investment in an uncertain market? When is the right time to make a new investment?

RBI exploring options to ensure customer safety dealing with PPIs issued by non-bank entities

US one step away from historic gun law reforms

EXCLUSIVE: 'Noida International Airport at Jewar to be jewel in crown of Indian aviation sector' - Know what all is coming up at this Digital Greenfield Airport

Into its 4 months, know how Russia-Ukraine conflict has impacted markets?

  • 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