Massive Gains for Investors as Sensex Soars to Record High: ₹11 Lakh Crore
Massive gains for investors as Sensex soars to record high, resulting in ₹11 lakh crore earned! In this video, we dive into the significant milestones achieved by the Sensex and how it impacted investors across the market. We'll discuss the factors contributing to this unprecedented rise, the sectors that performed exceptionally well, and what this means for future investments. Stay tuned for expert insights, detailed analysis, and top updates on the market's performance.
Investors earn ₹11 lakh crore as Sensex zooms to record high: Top updates
Investors make ₹11 lakh crore as Sensex hits record high: Main updates
Investors stayed hopeful about the NDA government's third term as the BSE Sensex rose by 2,178 points, or 2.94%, to 76,139.
Indian benchmark equity indices hit record highs today (June 3). The Nifty 50 surged past 23,000, and the BSE Sensex crossed the 76,000 mark due to exit polls predicting a strong third term for Prime Minister Narendra Modi. Investors remained hopeful about the NDA government's third term as the BSE Sensex rose by 2,178 points, or 2.94%, to 76,139. The Nifty 50 was up 579 points, or 2.57%, trading at 23,109.
All 30-Sensex companies were trading positively. The biggest gainers were Power Grid, NTPC, Larsen & Toubro, State Bank of India, Axis Bank, IndusInd Bank, ICICI Bank, and Mahindra & Mahindra. Read more: Harsh Goenka lists 10 expectations from PM Modi's third term. World Cup Trophy is a plus.
Most exit polls indicated that the BJP is likely to win the Lok Sabha election, with the alliance set to secure more than 370 seats. Vote counting will take place on June 4.
The market capitalization of all listed companies on BSE surged by ₹11.1 lakh crore to ₹423.21 lakh crore. Sector-wise, Nifty PSU Bank, Oil & Gas, Financial Services, Metal, Realty, and Auto opened 3-5% higher.
The stock market surge is also linked to India's GDP data, which showed that the economy grew by 8.2 percent in the fiscal year that ended in March. Read more: PSU stocks post a record profit of ₹5 lakh crore: These performed best.
In Asian markets, Seoul, Tokyo, and Hong Kong were up, while Shanghai traded lower. US markets ended mostly higher on Friday.
Foreign Institutional Investors (FIIs) bought equities worth ₹1,613.24 crore on Friday, according to exchange data. Global oil benchmark Brent crude dipped 0.04 percent to USD 81.08 a barrel.
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