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 » Markets News

Lok Sabha Election Result Impact: Sensex soars close to 500 points to all-time highs as NDA leads UPA

Lok Sabha Election 2019: The big result day brings big news for investors on Dalal Street as the benchmark index BSE Sensex jumped by a massive 500 points on the opening bell.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Lok Sabha Election Result Impact: Sensex soars close to 500 points to all-time highs as NDA leads UPA
As the investors are expecting NDA to return to power, the market is expected to remain action packed today (Read: Highly Positive). (Reuters/IANS)

Lok Sabha Election 2019: The big result day brings big news for investors on Dalal Street as the benchmark index BSE Sensex jumped by a massive 500 points on the opening bell. The 30 share index shot up to a record high, opening at 39,650 with over 1.3% jump. While the 50 share NSE Nifty 50 opened at a record high of 11,897, over 1.3% up. As the investors are expecting NDA to return to power, the market is expected to remain action packed today (Read: Highly Positive). The initial market trends have so far set all new highs on the street. According to traders, investor sentiment was boosted by initial trends that suggested a win for the ruling NDA.

Amid market euphoria, the rupee also appreciated 26 paise to 69.40 against the US dollar in opening trade. The 30-share index zoomed over 2 per cent to hit an intra-day high of 39,901.59. Similarly, the broader NSE Nifty too spurted more than 2 per cent to touch a record of 11,968.95. In the previous session, the Sensex ended 140.41 points, or 0.36 per cent, higher at 39,110.21; and the broader NSE Nifty rose 28.80 points, or 0.25 per cent, to 11,737.90.

Top Sensex gainers in morning trade include IndusInd Bank, SBI, L&T, PowerGrid, Yes Bank, Kotak Bank, ICICI Bank, RIL, HDFC, Bharti Airtel and Axis Bank, rallying up to 7 per cent. While, Vedanta, ONGC, Bajaj Auto and Sun Pharma slipped up to 1.92 per cent.

Meanwhile, foreign institutional investors sold equity worth Rs 965.02 crore on Wednesday, while domestic institutional investors sold shares to the tune of Rs 157.75 crore, provisional data available with stock exchanges showed. Elsewhere in Asia, bourses in China, Japan and Korea were trading on a negative note in their respective early sessions.

Brent crude, the global benchmark, was trading at 70.58 per barrel, lower by 0.58 per cent.

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
10:05 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
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
Vodafone Idea Board approves Rs 431 cr fund raise Vodafone Idea Board approves Rs 431 cr fund raise
Indian skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO - sources Indian skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO - sources
Higher cost of margin trade funding a setback for brokers; leaves them worried amid volatility in stock markets Higher cost of margin trade funding a setback for brokers; leaves them worried amid volatility in stock markets
Upstox was down; issue resolved now, confirms online stock trading platform; what to do if you still face problem Upstox was down; issue resolved now, confirms online stock trading platform; what to do if you still face problem

LATEST NEWS

BharatNCAP: Government proposes to implement vehicle safety rating, issues draft notification

Strong fundamentals, good dividend yield make Coal India, ONGC, NTPC, 3 other stocks good bets in current market—Check TPs, dividend payout ratios

Indian markets should start its journey upward by October – know why? Analyst lists out 4 reasons

Ola Electric crosses Rs 500 cr revenue in April-May

Sebi allows UPI payment option to invest in public issues of REITs, InvITs with effect from 1 August

Government extends levy of GST compensation cess till March 2026, finance ministry issues notification

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

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

Fintech's halt PPI loan, buy now pay later services as RBI restrictions posing challenges

How has technology changed the face of investing and what lies ahead? Analyst decodes

  • 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