look news india
Mumbai: Indian stock markets witnessed an unprecedented historic rally today, mainly due to the historic victory of the BJP-led NDA and the formation of the Modi government again at the Centre, as predicted in the exit polls for the Lok Sabha elections last Saturday. Along with this, the GDP growth figures for the quarter ending March 2024 and the GST collection figures for the month of May also had a positive impact, funds, giants, retail, high net worth investors all bought stocks in a big way. While the Nifty 50 index made a new history of 23338.70 with a record jump of 808 points intra-day. In the end, the Sensex closed at a new record high of 23263.90, up 2507.47 points and the Nifty closed at a new record high of 23263.90, up 733.20 points. Out of the total 4115 stocks traded on the BSE, the number of gainers was 2346 and the number of losers was 1615. The total market capitalisation of BSE-listed companies rose by Rs 13.79 lakh crore in a single day to a new historic high of Rs 425.91 lakh crore.
Capital Goods Index rose by 3666 points
Today, the BSE Capital Goods index closed up by 3666.70 points at 73722.27 due to strong buying in capital goods-power stocks. Larsen & Toubro price rose by Rs 230 to Rs 3897.40, Praj Industries price rose by Rs 26.50 to Rs 548.60, Suzlon price rose by Rs 2.38 to Rs 49.99, ABB India price rose by Rs 393.15 to Rs 8710, Thermax price rose by Rs 2.38 to Rs 8710, Thermax price rose by Rs 210.60 to Rs 5610.85, Teamken price rose by Rs 132.35 to Rs 4084.05. With this, Adani Power rose by Rs 118.35 to Rs 875, NTPC rose by Rs 33.05 to Rs 391.95, Power Grid Corp rose by Rs 27.80 to Rs 337.70, Adani NG rose by Rs 99.25 to Rs 1222.05.
PSU index gained 1603 points
According to the exit poll of Modi government once again at the center, there has been an increase in wealth in the shares of public sector PSU companies. As a result, the BSE PSU index closed at 22491.49, up 1603.13 points. Bank of Baroda rose by Rs 31.50 to Rs 296.65, Central Bank rose by Rs 7.53 to Rs 72.21, Container Corp rose by Rs 95.95 to Rs 1173.60, Canara Bank rose by Rs 10.05 to Rs 128.05, Engineers India up by Rs 20.35 to Rs 268.25, Rail Vikas rose by Rs 22.90 to Rs 404.50, Hindustan Aeronautics rose by Rs 295.85 to Rs 5273.70, BHEL rose by Rs 12.40 to Rs 311.35.
Oil-gas index rose 2125 points
Funds bought heavily today as international crude oil prices remained broadly bearish in a narrow range and oil PSU stocks remained at attractive valuations. HPCL rose Rs 45.95 to Rs 583, GAIL rose Rs 26.30 to Rs 230.65, IOC rose Rs 12.80 to Rs 175.20, BPCL rose Rs 39.90 to Rs 667.50, Reliance Industries rose Rs 161.65 to Rs 3021.25. BSE Oil-Gas index closed 2125.57 points higher at 30765.44.
Bank stocks rise
The BSE Bankex index closed 2518.75 points higher at 58290.47 amid heavy buying in banking stocks. State Bank of India rose by Rs 75.70 to Rs 905.80, Axis Bank rose by Rs 65.95 to Rs 1227.70, IndusInd Bank rose by Rs 70.25 to Rs 1530, ICICI Bank rose by Rs 40.65 to Rs 1160.30, HDFC Bank rose by Rs 41.25 to Rs 1572.10.
DII purchases worth Rs 1920 crore
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 6850.76 crore in cash today on Monday. There were sales of Rs 16,600.50 crore against total purchases of Rs 23,451.26 crore. While DIIs-Domestic Institutional Investors made net purchases of Rs 1913.98 crore in cash today. There were sales of Rs 20,737.18 crore against total purchases of Rs 22,651.16 crore.
Global markets boom
Global markets witnessed a rise today in the markets of Asia-Pacific countries as well as the markets of European countries. Japan's Nikkei 225 index rose 435.13 points to 38,923.03, Hong Kong's Hang Seng rose 323.43 points to 18,403.04.
In the evening, European markets showed an improvement of 30 points in the London Stock Exchange's Futsie, 191 points in the German index, and 40 points in the France's CAKE 40 index.