NDA government is certain to be formed, stock market surges, investors' capital increases by more than 12 lakh crores

Stock Market Today: The stock market has seen a surge after TDP supported the NDA and JDU also got assurance of full cooperation in the Lok Sabha elections 2024. TDP leader Chandrababu Naidu said, 'TDP is strongly with the NDA.'

In the afternoon trading session, the BSE Sensex managed to cross the 74000 level with a jump of 2000 points. Nifty is also trading 641.25 points higher with an intraday high of 22530.45. Except Larsen & Toubro, all the 30 stocks of Sensex have seen a jump of up to 7 percent.

Recovery of Rs 12 lakh crore from investors' losses

Yesterday, Sensex lost 31.26 lakh crores of investors with a gap of 4300 points. Out of which 12.46 lakh crores has been recovered today. Till the time of writing the news, the market cap of BSE was 407.27 lakh crores.

Buying increased with the clarity of BJP's return to power

After confirmation of support from NDA and JDU and clarity on NDA's return to power, the Bank Nifty index touched an intraday high of 48,000 in a few minutes. TDP leader N Chandrababu Naidu said that he is strongly with the NDA. He said that the voters of Andhra Pradesh have supported us for a better Andhra and both TDP and BJP will work together to fulfill the expectations of the voters.