Stock Market Today Live Update, Share Market News: Sensex, Nifty 50 advances to record high after exit poll suggest Modi govt's return (File Image)Stock Market Highlights, Share Market News: A day before the country heads into election results, frontline equity indices Sensex and Nifty 50 continued its bull run on Monday (June 3) on the back of strong investors sentiment. BSE Sensex closed 2,507 points, or 3.39 per cent higher at 76,468.78 while Nifty 50 closed at 733.20 points, or 3.25 per cent higher at 23,263.90.
The domestic indices opened at record high with Nifty 50 advancing 3.58 per cent, or 807.20 points higher at 23,337.70 and Sensex trading 2,621.98 points, or 3.55 per cent higher at 76,583.30. On similar lines, Nifty Bank opened above 50,000 for the first time ever after exit polls suggested a return for the Modi government with a thumping majority.
The Indian government bond yields dropped marginally with the benchmark 10-year yield slipping at 6.9541 per cent after previous close of 6.95 per cent. All sectoral indices inched higher with PSU Bank and PSE indices being top gainers. India VIX, or ‘Fear Index’, continues to hover around 20 after slipping nearly 15 per cent. The currency market also witnessed a stronger start on the back of stronger equity markets. In the first trading session of this week, the Indian rupee opened at 82.99 against the US dollar. The rupee had closed 82.46 against the American currency on Friday.
Stock Market Today Live: Nifty FMCG near day's lows
Share Market News: Nifty FMCG is trading at 572.55 points, or 1.06 per cent higher at 54,679.00. The index reported an intraday high at 55,184.85 while the day's lows was recorded at 54,552.15.
Top gainers:
> Godrej Consumer, 2.97 per cent higher at 1,308.05
> Varaun Beverages, 2.52 per cent higher at 1,462.70
> Emami, 1.57 per cent higher at 635.35
Stock Market Today Live: Along with frontline indices, broader markets participate in rally
Share Market News: Nifty Midcap 100 inched 1,390.65 points, or 2.69 per cent higher at 53,098.05 while Nifty Smallcap 100 inched 349.20 points, or 2.09 per cent higher at 17,044.35.
Top midcap gainers includes Hindpetroleum, Container corporation, JSW Energy, Indian Bank, Godrej Properties among others.
Top Smallcap gainers include IRB Infrastructure, Engineers India, Dilip Buildcon, Indian Bank, Ircon International.
Stock Market Today Live: RIL inches 5% higher
Share Market News: Heavyweight Reliance Industries Ltd (RIL) inched 143.85 points, or 4.97 per cent higher at 3,000.85.
The share price hit intraday high at 3006.60 while the share hit intraday low at 2,918.00
Stock Market Today Live Updates: Analyst on near term market outlook
Share Market Today Live Updates: “Exit Polls indicate a comfortable win for the NDA/BJP in India’s Parliament Elections. While surveys are not the same as final results, we see near-certainty of a third term for the Narendra Modi government with a simple majority for the BJP on its own (the numbers may change in the final result),” said Seshadri Sen Head of Research and Strategist, Emkay Global Financial Services.
Stock Market Today Live: Ashok Leyland is top Nifty Auto gainer
Share Market News: Heavy vehicle maker Ashok Leyland is the top Nifty Auto gainer. The shares have seen an uptick of 13.35 points, or 5.96 per cent higher at 237.35.
The Nifty Auto index has inched 623.75 points, or 2.67 per cent at 24,045.50.
Stock Market Today Live: SBI surges past 8 lakh crore mark
Share Market News: State-run lender State Bank of India (SBI) has become 3rd bank and 7th Indian company to surpass 8 lakh crore market capitalisation.
As Nifty Bank created fresh highs, shares of SBI hit record high of Rs 911.50 apiece with intraday day recorded at 856.75.
Stock Market Today Live: Sensex, Nifty off day's high
Share Market News: After a gap-up opening at record highs, Indian frontline indices soared higher to touch fresh highs.
30-share BSE Sensex inched 2257 points, or 3.06 per cent higher at 76,218.31 while 50-share Nifty inched 681.40 points, or 2.09 per cent higher at 23,208.30.
Nifty Bank also participated in the rally with a surge 1,700 pts at 50,764.70
Stock Market Today Live: Nifty PSU Bank, PSE surge over 7%
Share Market News: Nifty PSU Bank inched 522.75 points, or 7.08 per cent higher at 7,911.75.
Top PSU Bank gainers:
> Bank of Baroda, up 9.59 per cent higher at 290.30
> Central Bank, 8.43 per cent higher at 70.10
> SBI, 8.24 per cent higher at 898.75
Stock Market Today Live: India VIX continues to slip downwards
Share Market News: India VIX, also referred to as 'Fear Index' or 'Volatility Index', is witnessing a downward trajectory after exit polls boosted investors' sentiments.
At the time of noon, India VIX inched 4.43 points, or 18.09 per cent lower at 20.15.
Stock Market Today Live Updates: Government's 10-year bond yield falls
Share Market Today Live Updates: After boosted investor sentiments post exit poll, the Indian government bond yields dropped marginally.
The benchmark 10-year yield was at 6.9541 per cent following its previous close of 6.9809 per cent. Earlier in the day, the yield fell to 6.9421 per cent, the lowest level since April 8, 2022.
Stock Market Today Live: Nifty PSE index is the top Nifty sectoral gainer
Share Market News: The Nifty PSE index inched 709.00 points, or 6.75 per cent higher at 11,221.95.
The index hit intraday lows at 10,993.75 while it hit intraday highs at 11,335.70. The index had closed at 10,511.10 in the previous session.
Top gainers:
> Power Finance, 11.34 per cent higher at 548.30
> REC, 10.67 per cent higher at 595.15
> Power Grid Corporation, 10.10 per cent higher at 341.30
Stock Market Today Live: Along with frontline indices, broader markets participate in rally
Share Market News: Nifty Midcap 100 inched 1,390.65 points, or 2.69 per cent higher at 53,098.05 while Nifty Smallcap 100 inched 349.20 points, or 2.09 per cent higher at 17,044.35.
Top midcap gainers includes Hindpetroleum, Container corporation, JSW Energy, Indian Bank, Godrej Properties among others.
Top Smallcap gainers include IRB Infrastructure, Engineers India, Dilip Buildcon, Indian Bank, Ircon International.
Stock Market Today Live: Rupee hits 3-month high
Share Market News: Boosted by a robust sentiment in domestic equity markets on the back of strong macroeconomic data and exit poll results, the rupee surged 38 paise to hit 3-month high level of 83.04 against the US dollar. The local unit clocked the highest single-day rise since April 2023, rising 42 paise.
Stock Market Today Live Updates: Nifty PSU Bank among biggest sectoral gainer
Share Market Today Live Updates: Nifty PSU Bank is trading 442.50 points, or 5.95 per cent higher at 7,824.60. The index recorded an intraday low at 7,670.95 while intraday high was recorded at 7,884.75.
Top gainers:
> Bank of Baroda, 8.59 per cent higher at 287.65
> SBI, 6.36 per cent higher at 883.20
> Central Bank, 6.34 per cent higher at 68.75
Top laggards:
> J&K Bank, 0.95 per cent higher at 132.95
> Bank of Maharashtra, 3.11 per cent higher at 71.20
> Punjab and Sind, 3.19 per cent higher at 63.00
Stock Market Today Live Updates: Analyst on near term market outlook
Share Market Today Live Updates: “Exit Polls indicate a comfortable win for the NDA/BJP in India’s Parliament Elections. While surveys are not the same as final results, we see near-certainty of a third term for the Narendra Modi government with a simple majority for the BJP on its own (the numbers may change in the final result),” said Seshadri Sen Head of Research and Strategist, Emkay Global Financial Services.
Stock Market Today Live Updates: All sectoral indices inch higher, India VIX drops below 20%
Share Market Today Live Updates: After boosted investor sentiments post exit poll, the India VIX, also known as 'Fear Index', or 'Volaitlity Index', slipped below 20.
The index slipped 5.04 points, or 20.49 per cent at 19.55. The move indicates a relative calm among market participants.
Stock Market Today Live Updates: Government's 10-year bond yield falls
Share Market Today Live Updates: After boosted investor sentiments post exit poll, the Indian government bond yields dropped marginally.
The benchmark 10-year yield was at 6.9541 per cent following its previous close of 6.9809 per cent. Earlier in the day, the yield fell to 6.9421 per cent, the lowest level since April 8, 2022.
Stock Market Today Live Updates: Sensex, Nifty 50 at record highs
Share Market Today Live Updates: Indian equity benchmark indices opened at record high with Nifty 50 inching 3.58 per cent, or 807.20 points higher at 23,337.70 and Sensex trading 2621.98 points, or 3.55 per cent higher at 76,583.30.
Along similar lines, Nifty Bank opened above 50,000 for the first time.
Stock Market Today Live Updates: Rupee opens at 83/$
Share Market Today Live Updates: On Monday, the Indian rupee opened at 83.00 against the US dollar. The rupee had closed 82.46 against the American currency on Friday.
Stock Market Today Live Updates: Sensex, Nifty 50 to react on latest GDP numbers, says analyts
Share Market Today Live Updates: Along with exit polls, market will also react to domestic GDP data on Monday, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said.
As per a report by Emkay Research, "Final outcome, if in line with exit polls, would likely calm investor nerves as political and policy continuity will be good for risk assets in the immediate run and macro stability in the medium term."
-From PTI
Stock Market Today Live Updates: Asian markets further acts as postive trigger for Nifty 50, Sensex
Share Market Today Live Updates: Asian markets rose after a private survey showed China’s manufacturing activity expanded at its fastest pace in nearly two years. The Caixin survey showed manufacturing PMI in world's second-largest economy rose to 51.7 in May from 51.4 the previous month
Japan's Nikkei inched 361.75, or 0.94 per cent higher at 38,849.65 while South Korea's Kospi inched 50.11 points, or 1.90 per cent higher at 2,686.61.
Stock Market Today Live Updates: Analysts' take on today's trading session after exit polls
Share Market Today Live Updates: "Exit polls results, which indicate clear victory for the NDA with around 360 seats completely removes the so-called election jitters which have been weighing on markets in May. This comes as a shot in the arm for the bulls who will trigger a big rally in the market on Monday," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Stock Market Today Live Updates: Analysts' take on today's trading session after exit polls
Share Market Today Live Updates: "All eyes are now on the most significant event of the past five years — the outcome of the Lok Sabha elections, scheduled for Tuesday. Before that, market participants will react to the exit polls on Monday.
"The market is approaching the event with caution, and the positive surprise from exit polls can lead to a rally as majority of the exit polls are giving 350+ seats to the NDA. Conversely, a negative surprise from actual results might trigger a knee-jerk reaction in the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Stock Market Today Live Updates: Trading in equity markets this week will depend upon election results, RBI decison, says analysts
Share Market Today Live Updates: As per analysts, trading in the equity market will largely depend on two major events this week, the general elections result and the RBI interest rate decision.
Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with NJP-led NDA winning anywhere between 350-401 seats. Election results are set to be announced on June 4.
Stock Market Today Live Updates: GIFT Nifty indicates a record opening for Sensex, Nifty
Share Market Today Live Updates: In the first session after exit polls predicated the return of the BJP government with a thumping majority, GIFT Nifty is trading at 659.00 points, or 2.90 per cent higher at 23,348.00.