The Indian stock market welcomed the National Democratic Alliance (NDA) in the lead of the Bharatiya Janata Party with an open mind of the unexpected rise in the result of Lok Sabha elections. In this enthusiasm, the Sensex and the Nifty record went up to the heights. At one time the Sensex reached a historic high of 40,124.96 and the Nifty crossed the magical figure of 12,000.
However, in the afternoon trading, the Sensex was down due to selling, while the Nifty was trading with a slight increase compared to the previous session. At the end of the trading, the Sensex declined by 298.82 points to 38,811.39 points and the Nifty closed 80.85 points down at 11,657.05.
At the end of the turn, IndusInd Bank's shares closed with an increase of about 6%. In the stock of Coal India and Yes Bank, there was more than 3% increase in the number. Besides, shares of Hero MotoCorp, Power Grid and ICICI Bank also closed with a gain of more than 1 percent. Talking about the closing stock on the red mark, there was a decline of about 6% in Vedanta. Apart from this, shares of Bajaj Finance, besides ITC, HDSF, and Tata Motors declined by more than 2 percent.
Investors' assets increase by Rs 2.87 lakh crore
As soon as the Sensex crossed the record level of 40,000 points which is the highest till now, investors' property registered an increase of 2.87 lakh crore rupees. In fact, with the uptrend in the stock markets, the market capitalization of the listed companies in the Bombay Stock Exchange rose to Rs. 2,87,028.80 crore and it reached Rs. 53,56,153.14 crore. At the close of the turnover on Wednesday, the market cap of the shares was at Rs 1,50,69,124.34 crore.
On Thursday, silver prices rose by Rs 200 to Rs 37,400 per kg, while gold prices remained stable in the Delhi bullion market on Thursday. According to the All India Sarafa Association, price rises in the industrial units and coin makers in the local spot market.
In the meantime, the impact of election results was also on the rupee and the rupee appreciated by 26 paise to close at Rs. 69.40 in the initial trading session. On the opening day of the trading, the rupee strengthened at Rs. 69.45 per dollar. As the business progressed, it got stronger and reached $ 69.40 a dollar. Let's say that it is 26 paise faster than the previous day's close. The rupee closed at 69.66 against the dollar on Wednesday.
