- विज्ञापन -
Mumbai: After the results of the Lok Sabha elections, today i.e. on 5th June, the Sensex is trading at a level of 74,490 with a gain of more than 2,400 points. Yesterday it had fallen by 4,389 points. On the other hand, the Nifty has gained more than 750 points. It is trading at a level of 22,500.
In today’s trading, 29 out of 30 Sensex stocks are up. Indusind Bank’s stock has gained the most by 7%. M&M has also risen by 6%. Tata Steel, Bajaj Finance, Hindustan Unilever and Kotak Bank stocks are trading with a gain of more than 4%.
FMCG index rose by more than 5% in today’s trading
FMCG stocks have gained the most in today’s trading. Nifty’s FMCG index is trading up by more than 5%. Nifty Auto is up by more than 4%. Pharma and Healthcare index has risen by more than 3%. Whereas IT, Media, Metal are up by about 2%.
Brokerage firm Motilal Oswal said that Despite the reduced majority, we expect the policy agenda of Modi 3.0 (investment-led growth, capex, building infrastructure, manufacturing, etc.) to continue with some changes.
After the initial disappointment and concern over government formation, we expect investors’ focus to return to fundamental bottom-up stock picking. However, railway, defense and PSU stocks may see some softness.
There was a big upheaval in the stock market on Tuesday, the day of the Lok Sabha election results. But today the stock market opened with a green mark. Although, of course, Sensex fell by 6000 points and Nifty by 1900 points yesterday.
Today, after the initial surge in the stock market, there was some fluctuation for some time, but by 11.30 am once again the stock market picked up a stormy pace and the BSE Sensex was seen trading at the level of 73,800.15 with a strong jump of 1,701.97 points or 2.45 percent, while the NSE Nifty was seen trading at the level of 22,415.35 with a gain of 530.85 points or 3.43 percent.
India VIX crashes 27 pc
Indian equity indices were in the green on Wednesday as India VIX crashed 27 percent. Nifty was up 392 points or 1.79 per cent at 22,277, with an intraday high of 22,445. India VIX or fear index (which indicates the market volatility) is down over 27 per cent at 19.32.
