Markets on Tuesday, June 4 - Result Day
As India holds its breath, the official counting of votes for the Lok Sabha 2024 has started, sending ripples through the financial markets, with investors and analysts keenly observing the market’s movements for a stable and decisive government.
.jpg)
Stock market |
Market on Monday, June 3
The Indian headline indices Sensex and Nifty ended the day on a positive on Monday, June 3, hitting a fresh record high.
The stock market indices, on Monday ended the day in Green, reaching a fresh record high with Sensex at 76,468.78, up by 2507.47 points or 3.39 points. On the other hand, the NSE Nifty closed at 23,263.90, up by 733.20 per cent or 3.25 per cent.
Moreover, the Nifty Bank rose by 1,996.00 points or 4.07 per cent, at 50,979.95
Rupee
The rupee reached its highest closing level in over two months, gaining 28 paise to close at 83.14 against the US dollar on Monday.
Markets In Red
As initial trends start pouring in, showing a lead for the BJP led NDA government in the first hour of counting, the market responds with a surge.
With the opening bell, started in red, The BSE Sensex slumped at the opening bell, starting at 75,113.98, down by 1354.8 points. The NSE Nifty 50 also mirrored this positive sentiment, opening at 22,906.80, up by-357.10 points.
Top 5 Sensex Losers and Gainers at 11:00 AM
At 11:00 AM IST, SBI is among the top laggards with a loss of 9.94 points, NTPC (-9.94 points), PowerGrid (-9.89), IndusInd Bank (-8.77) and LT (-8.66 points).
Among the gainers, currently Hindustan Unilever is trading in Green with 2.44 points
Gainers and Losers - BSE Sensex |
Gainer and Losers - Nifty at 11:00 AM
Among the gainers, currently, Hindustan Unilever is trading in Green, up by 2.36 points, followed by Britannia (0.43), and Hero MotoCorp.
Among the Losers, Adani Ports stocks fell by 15 points, followed by Adani Enterprises (-14.58), SBI (-10 points), ONGC (-10 points) and Coal India (-9.99)
Gainer and Losers - Nifty |
Sensex Sheds over 3257.88 Points
The 30-share BSE Sensex at 11:00 AM IST is trading at the day at 73,302.14, down by 3257.88 points or 0.62 per cent. Similarly, the NSE Nifty trading negatively at 22,276.45, down by 987.45 points
Major PSUs Down By Over 10%
As the market continues to bleed at Dalal Street, public sector undertakings also appear to be 'trailing'. In this, NTPC is down by 14.99 per cent. The country's largest bank, SBI is down by 12.66 per cent. Meanwhile, Powergrid has so far lost over 13 per cent of its value, since the beginning of the day's trade.
The Nightmare With No End
The Indian indices are having a day like no other, after having another day like no other. After making historic gains on Monday, the marquee indices dropped significantly. Sensex was trading at 71,654.28, losing 4749.44 points or over 6 per cent. Meanwhile, Nifty also shed 1,562.85 points or 6.72 per cent, taking the total tally to 21,701.05.
The worst is over? Bulls Trying Recover From Blood Bath
The Indian Indices has seen one of the most brutal trading sessions of the decade. The major Indices saw a bloody day. BSE's Sensex saw a recovery of almost 2000 points intraday. On the other hand, Nifty 50 retrieved 700 points from the intraday bottom of 21281.
