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Stock market Highlights: Sensex, Nifty surge over 3% ahead of election results

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Stock market Highlights: Majority of the exit polls predicted that the BJP-led NDA may win over 350 of the 543 seats in the Lok Sabha elections.
Summary

Stock market Highlights: Top Nifty losers today are Infosys, Dr Reddy's Labs, LTIMindtree, HCL Technologies and Divis Labs.

Stock market Highlights: People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.
Stock market Highlights: People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.

Stock market Highlights: Sensex and Nifty soared to record-high levels today (June 3) after a majority of the exit polls predicted that the Bharatiya Janata Party (BJP)-led NDA may win over 350 of the 543 seats in the Lok Sabha elections. Sensex surged 2,778 points, nearly 4 per cent, to hit its all-time high of 76,738.89. Nifty 50 surged 808 points, nearly 4 per cent, to hit its fresh record high of 23,338.70....Read More

Most of the exit poll results predicted a historic third term for Prime Minister Narendra Modi-led NDA as the alliance is projected to win more than 350 plus seats. Three exit polls – India Today-My Axis India, India TV-CNX and News24-Todays Chanakya – predicted 400 plus seats for the NDA.

Follow all the updates here:
June 3, 2024 3:27 PM IST

Stock market LIVE updates: Indian Bank raises lending rate by 5 bps

Stock market LIVE updates: Indian Bank has raised its marginal cost of funds-based lending rate by 5 bps on its 3-month to 1-year tenures from June 3.

June 3, 2024 3:25 PM IST

Stock market LIVE updates: RIL hits new record high

Stock market LIVE updates: Reliance Industries hits record high in almost 3 months since March 4, 2024 today.

June 3, 2024 3:20 PM IST

Stock market LIVE updates: PNB hikes lending rate by 5 bps

Stock market LIVE updates: PNB increased its marginal cost of funds-based lending rate by 5 bps on 3-month to 3-year tenures from June 1.

June 3, 2024 3:06 PM IST

Stock market LIVE updates: Sensex, Nifty gain over 3%

Sensex was up 2,370.42 points or 3.20 per cent at 76,331.73. Nifty was up 700.50 points or 3.11 per cent at 23,231.20.

About 2214 shares advanced, 1298 shares declined, and 107 shares unchanged.

June 3, 2024 2:44 PM IST

Stock market LIVE updates: Adani Group stocks rally

Stock market LIVE updates: Adani Ports is up 10% today. Adani Power rose 17%.

June 3, 2024 2:27 PM IST

Stock market LIVE updates: 2.38 million shares of Central Bank of India traded in a bunch

Stock market LIVE updates: Bloomberg reported that 2.38 million shares of Central Bank of India traded in a bunch.

June 3, 2024 1:54 PM IST

Stock market LIVE updates: AdanI Enterprises gains nearly 7% today

Stock market LIVE updates: Adani Enterprises is the top Nifty Metal gainer today. The stock has gained 44.03% in the last six months.

June 3, 2024 1:48 PM IST

Stock market LIVE updates: IDBI Bank 6.6% higher today

Stock market LIVE updates: IDBI Bank shares are trading nearly 6.6% higher today as the stock became the top Nifty Midcap gainer.

June 3, 2024 1:33 PM IST

Stock market LIVE updates: SBI crosses ₹8 lakh crore market capitalisation

Stock market LIVE updates: SBI crosses 8 lakh crore market capitalisation as stock soars 10% today.

June 3, 2024 1:17 PM IST

Stock market LIVE updates: Nifty holds 23,200, Sensex up 2,300 points

Stock market LIVE updates: Sensex was up 2,327.71 points or 3.15 per cent at 76,289.02. Nifty was up 702.70 points or 3.12 per cent at 23,233.40.

About 2275 shares advanced, 1215 shares declined, and 104 shares unchanged.

June 3, 2024 1:03 PM IST

Stock market LIVE updates: BSE Smallcap index rises 2% today

Stock market LIVE updates: BSE Smallcap index rises 2% today. Among the stocks, IRB Infra, Moschip Technologies, Gujarat Industries Power rose 8-10%.

June 3, 2024 12:50 PM IST

Rekha Rakesh Jhunjhunwala's stake in this company is now more than 2,000 crore

Share of NCC Ltd hit a record high of 313 today gaining 9%. The stock of the Hyderabad-based construction company has surged nearly 85% so far in 2024 and is one of the major holdings in the portfolio of ace investor late Rakesh Jhunjhunwala, which is now owned by his wife Rekha Rakesh Jhunjhunwala.

June 3, 2024 12:38 PM IST

Stock market LIVE updates: Morgan Stanley initiates 'overweight' call on this stock

Morgan Stanley gave 'overweight' call on Suzlon stock with a target price of 58.5. Citing how the company is well positioned to benefit from India's energy transition, the brokerage said that the firm is much stronger after deleveraging, & leaner after cutting fixed operating costs.

June 3, 2024 12:20 PM IST

Stock market LIVE updates: Nifty FMCG index up 1% today

Stock market LIVE updates: Nifty FMCG index rose 1% today. Godrej Consumer, HUL, Tata Consumer were top gainers.

June 3, 2024 11:52 AM IST

Stock market LIVE updates: 1.02 million shares of HDFC Life Insurance Company traded in a bunch

Stock market LIVE updates: Bloomberg reported that 1.02 million shares of HDFC Life Insurance Company traded in a bunch.

June 3, 2024 11:42 AM IST

Stock market LIVE updates: NIFTY 50 stocks which touched 52-week high today

NIFTY 50 stocks which touched 52-week high today include Power Grid Corp, Adani Ports, NTPC, SBI, Adani Enterprises, Axis Bank, Coal India, Larsen, M&M and Bajaj Auto.

June 3, 2024 11:28 AM IST

Stock market LIVE updates: Kronx Lab Sciences IPO opens, gets fully subscribed

Stock market LIVE updates: Latest updates on Kronx Lab Sciences IPO

  1. The IPO has been fully subscribed
  2. Non Institutional Investors (NIIS) subscribed 2.95 times their portion.
  3. Retail Individual Investors (RIIs) subscribed 3.73 times their reserved portion.
  4. Qualified Institutional Buyers (QIBs) subscribed 0.01 times their allocated portion.
June 3, 2024 11:20 AM IST

Stock market LIVE updates: Market cap of BSE-listed companies hits record high

Stock market LIVE updates: Market cap of BSE-listed companies hits record high of 424 lakh crore today as stock markets continue rally ahead of Lok Sabha election results on June 4.

June 3, 2024 11:11 AM IST

Stock market LIVE updates: Shriram Finance up 6%

Stock market LIVE updates: Shriram Finance raised multi currency $468 million equivalent social loan owing to which it stock surged 6%.

June 3, 2024 11:04 AM IST

Stock market LIVE updates: Stock market at 11am: Sensex, Nifty up 2.5% each

Sensex was up 1,997.67 points or 2.70 per cent at 75,958.98.

Nifty was up 609.20 points or 2.70 per cent at 23,139.90.

About 2319 shares advanced, 1064 shares declined, and 121 shares unchanged.

June 3, 2024 10:56 AM IST

Stock market LIVE updates: What about BSE Bank index

Stock market LIVE updates: BSE Bank index is up 3% today. Top gainers in the index include Bank of Baroda, SBI and Axis Bank.

June 3, 2024 10:43 AM IST

Stock market LIVE updates: Nifty Realty index up 4% today

Stock market LIVE updates: The Nifty Realty index was up 4% as major contributors included Prestige Estate, Godrej Properties and DLF.

June 3, 2024 10:30 AM IST

Stock market LIVE updates: Adani stocks zoom up to 16% as exit polls predict PM Modi's return

Shares of Gautam Adani's conglomerate surged as much as 16% as exit polls indicated a big majority for PM Modi led BJP ahead of Lok Sabha election results on June 4.

June 3, 2024 10:19 AM IST

Lok Sabha results: Market guru Sushil Kedia predicts 'explosion' for all stocks

Sushil Kedia said, “We will continue to back stocks where the relative margin of safety was very high. Stocks that have not performed well so far: FMCG, IT, media entertainment, some bit of chemicals. We will stay away from metals. We will get out of any remaining positions in autos. We will be actively and eagerly looking for this euphoria to settle down to start finding shorting opportunities in financials.”

June 3, 2024 10:10 AM IST

Stock market at 10am: Sensex, Nifty trade higher

Sensex was up 2,051.78 points or 2.77 per cent at 76,013.09. Nifty was up 636.80 points or 2.83 per cent at 23,167.50. Top gainers on the Nifty are Adani Ports, Adani Enterprises, Power Grid Corp, Shriram Finance and NTPC were among the top gainers while losers included Dr Reddy's Labs, HCL Technologies, Eicher Motors and Cipla.

June 3, 2024 10:04 AM IST

Stock market today: Rupee surges 42 paise

Stock market today: Rupee rises 42 paise to 83.00 against US dollar in early trade.

June 3, 2024 9:45 AM IST

Stock market today: What about VIX and smallcap, midcap indices today

Stock market today: VIX plummeted 20% today while smallcap and midcap indices also surged up to 3% ahead of Lok Sabha election results tomorrow.

June 3, 2024 9:43 AM IST

Stock market today: All sectors in green today?

Stock market today: Yes, all sectors are trading in the green today with PSU Bank making the best sectoral gainers on NSE.

June 3, 2024 9:42 AM IST

Stock market today: Quick look at the opening bell today

Nifty 50 jumped 3.58% and Sensex gained 3.55%, both hitting all-time highs. This also marks the best intraday gains since February.

June 3, 2024 9:38 AM IST

Stock market today: How is BSE Power index performing today?

Stock market today: The BSE Power index rose 5.5% today. Adani Power and Power Grid stock is up 6-13% as the market opened.

June 3, 2024 9:36 AM IST

Stock market today: Major losers on Nifty

Stock market today: Major losers on Nifty are Infosys, Hindalco and Nestle today.

June 3, 2024 9:29 AM IST

Stock market today: Major gainers on Nifty

Stock market today: Power Grid Corp, Adani Ports, Adani Enterprises, Shriram Finance and NTPC are among major gainers on the Nifty.

June 3, 2024 9:28 AM IST

Stock market today: Nifty Bank soars above 50,000 in a first

Stock Market today: Nifty Bank rose above 50,000 for the first time as markets opened ahead of Lok Sabha election results.

June 3, 2024 9:27 AM IST

Stock market today: Nifty PSU Bank jumps over 4%

Nifty PSU Bank jumped over 4% today. Top gainers included: Bank of Baroda, Bank of India, Canara Bank and State Bank of India.

June 3, 2024 9:05 AM IST

Stock market today: Currency watch

Indian rupee opened 47 paise higher at 82.99 per dollar today versus Friday's close of 83.46.

June 3, 2024 9:04 AM IST

Stock market today: Market gains at pre-opening

Benchmark indices are trading strong in the pre-opening session as Sensex was up 2,093.53 points or 2.83 per cent at 76,054.84. Nifty was up 798.60 points or 3.54 per cent at 23,329.30.

June 3, 2024 8:54 AM IST

Stock market today: What Kotak Institutional Equities said on exit polls

Kotak Institutional Equities said that the new government likely to focus on investment-led growth. A large BJP victory may sustain rich-to-bubble multiples in parts of the market, it said.

June 3, 2024 8:42 AM IST

Stock market today: What IIFL Securities said on exit polls

IIFL Securities said that there could be attempts at accelerated reforms if PM Modi is re-elected while key sectors will be electricity and agriculture. The brokerage also remained positive on sectors like infrastructure, cement, private banks, NBFCs, and select industrials while being negative on IT & chemicals & neutral on most consumer sectors.

June 3, 2024 8:22 AM IST

Stock market today: What brokerage Jefferies said on exit polls

Brokerage firm Jefferies said that the numbers shown in exit polls are higher than expectations. In case actual results mirror exit polls, it will be sentimental positive for capex stoc, it added.

June 3, 2024 8:10 AM IST

Stock market today: What exit polls predicted ahead of Lok Sabha election results

Stock market today: Majority of the exit poll results predicted a historic third term for Prime Minister Narendra Modi as the Bharatiya Janata Party-led National Democratic Alliance is projected to secure over 350 seats in the Lok Sabha elections. The counting of votes will take place on June 4.

June 3, 2024 7:58 AM IST

Gift Nifty today ahead of stock market opening

Gift Nifty was trading around 23,330 level, a premium of nearly 630 points from the Nifty futures’ previous close.

June 3, 2024 7:51 AM IST

Stock market today: How have global markets performed

Asian markets traded higher while US stocks ended higher last week after a softer reading of US Federal Reserve’s preferred measure for inflation backed by interest rate-cut hopes.

June 3, 2024 7:39 AM IST

Stock market today: What exit polls indicate

Stock market today: Exit polls suggested that Prime Minister Narendra Modi will come back to power for the third term as the BJP-led alliance is likely to win the Lok Sabha elections with a thumping majority.

News business Stock market Highlights: Sensex, Nifty surge over 3% ahead of election results