Markets At All-Time High; Sensex Rises 450 Points, Nifty Above 23,400 Day After Modi 3.0 Ministers Assume Office

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Markets At All-Time High; Sensex Rises 450 Points, Nifty Above 23,400 Day After Modi 3.0 Ministers Assume Office


Share market today: The two key equity benchmarks, Sensex and Nifty, on Wednesday hit an all-time high, day after Modi 3.0 ministers assumed office. At 10.10 am, the BSE Sensex jumped 451 points to 76,908. On the other hand, the NSE Nifty50 was trading at 23,402, up 137 points.

Stock update

On the 30-share Sensex platform, Bajaj Finance, Tata Motors, PowerGrid, ICICI Bank, Airtel, TechM emerged early gainers. On the down side, Asian Paints, Titan, Nestle, HUL, ITC, M&M were among the losers.

In the broader markets, the BSE Midcap index rose 0.49 per cent while the Smallcap index advanced 0.62 per cent.

Sectoral update

Sectorwise, all the indices are trading in the green. Among indices, Nifty IT, Nifty Media, and Nifty Oil and Gas jumped 1.34 per cent, 1.05 per cent, and 0.97 per cent, respectively.

In the previous session on Tuesday, the 30-share BSE Sensex declined 33 points to end at 76,456, while the NSE Nifty50 closed marginally up by 6 points at 23,265.

India’s inflation numbers are scheduled to release on Wednesday. As per Reuters’ poll the inflation may see a marginal increase to 4.89 per cent in May.



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