Stock market at historic high | Live Updates, Unveiling the Latest India News Trends

Mumbai: Indian stock markets today recorded the biggest historic jump in the history of Indian stock markets in the last three years, as all the exit poll predictions before the election results came out with a huge victory for the BJP-NDA and now this time 400 is also possible. Today the biggest jump of 2507 points was recorded in the Sensex and 733 points in the Nifty. After the historic rise in the market, a new record of five trillion dollars was also made in the total market capitalization of investors in the Indian stock markets. The market cap of companies listed on the BSE-Bombay Stock Exchange today increased by Rs 13.79 lakh crore to a new record level of Rs 425.91 lakh crore or $ 5.12 trillion.

Again Modi government is predicting better than normal monsoon in exit polls, GDP growth rate will be 7.8 percent in the quarter ending March 2024, which is ahead of the Reserve Bank of India's estimate of 7 percent, today's exit poll estimates and GST revenue collection in May 2024 is also increasing, along with the provision GDP growth figure for the financial year 2024 also increased from the government's previous estimate of 7.6 percent to 8.2 percent, whose positive impact was seen in the market today. Based on the above reports, the Sensex today reached a new record level of 76738.89 with a record jump of 2777.58 points in intra-day. While the Nifty 50 index made a new history of 23338.70 with a record jump of 808 points in intra-day. Sensex and Nifty recorded the biggest jump since January 2021 today. Intra-day, the Sensex hit a new record high of 76738.79 and finally closed at 76468.78, jumping 2507.47 points and the Nifty 50 spot hit a new peak of 23338.70 and finally closed at 23263.90, up 733.20 points.

Today, as a result of all-round rally in stocks, all sectoral indices except FMCG, IT hit new all-time highs. Midcap, smallcap stocks also witnessed gains. The BSE Midcap index rose 1,514.98 points to close at 44,367.67 and the BSE Smallcap index rose 968.64 points to close at a new high of 48,232.30 at 48,973.96.

The BSE Capital Goods index rose 3666.70 points to close at 73722.27, BSE Bankex index at 58467.07 and finally closed at 58290.47, up 2518.75 points, BSE Oil-Gas index at 30826.93 and closed at 30765.44, up 2125.57 points. While the BSE Metal index made a new high of 34017.45 and finally closed at 33741.36, up 1028.12 points, BSE Auto index created a new high of 54751.24 and finally closed at 54410.58, up 1384.41 points.

Foreign portfolio investors (FPIs), who were selling Indian shares till now, saw massive net buying of Rs 6851 crore today after a net purchase of Rs 1650 crore on Friday. Along with this, local institutional investors remained consistent buyers and bought shares worth Rs 1920 crore net today.

Strong jump in Sensex

A look at the movement of big stocks