Benchmark indices ended lower on May 23 as they wiped out all its intraday gains after hitting record highs in the morning trade.
The Sensex was down 298.82 points at 38811.39, while Nifty was down 55.40 points at 11682.50. About 1182 shares have advanced, 1303 shares declined, and 170 shares are unchanged.
Sensex has hit an all-time intra-day high 118 times since May 26, 2014, when Narendra Modi became the Prime Minister of India. The rally was driven mostly by domestic as well as foreign investors. Domestic institutional investors poured in Rs 3.85 lakh crore into Indian equity market while foreign institutional investors (FIIs) invested Rs 2.11 lakh crore in the past five years.
It is a strong start for the Indian indices on May 23 as counting for Lok Sabha Election 2019 showing NDA is leading on more than 272 seats.
The Sensex is up 539.05 points or 1.38% at 39649.26, and the Nifty up 156.00 points or 1.33% at 11893.90. About 821 shares have advanced, 118 shares declined, and 17 shares are unchanged.
It is a positive close for the Indian market in a volatile day ahead of counting of Lok Sabha Election 2019.
The Sensex was up 140.41 points at 39110.21, while Nifty was up 28.80 points at 11737.90. About 1356 shares have advanced, 1147 shares declined, and 183 shares are unchanged.
Benchmark indices opened flat to positive on May 22 ahead of Lok Sabha Election 2019 counting on May 23.
The Sensex is down 14.55 points at 38955.25, while Nifty is down 23.10 points at 11686. About 368 shares have advanced, 237 shares declined, and 38 shares are unchanged.
Indian indices fell 1 percent as they failed to maintain the strong up move which was recorded on May 20, on the back on exit polls for Lok Sabha Election 2019.
The Sensex was down 382.87 points at 38969.80, while Nifty was down 119.20 points at 11709.10. About 970 shares have advanced, 1560 shares declined, and 160 shares are unchanged.
After a strong closing in the previous session the benchmark indices opened on positive note on May 21 with Nifty and Sensex test a new record highs.
The Sensex is up 104.58 points at 39457.25, while Nifty is up 28.80 points at 11857.10. About 534 shares have advanced, 266 shares declined, and 64 shares are unchanged.
Exit polls have predicted a comfortable victory for the BJP-led NDA, which helped the benchmark indices end at a record closing high. Both the indices posted a biggest single session gain since 2009.
The Sensex was up 1,421.90 points or 3.75% at 39352.67, while Nifty was up 421.10 points or 3.69% at 11828.30. About 2013 shares have advanced, 613 shares declined, and 155 shares are unchanged.
“If BJP clinches 300 seats or more then the current regimen will continue and that will provide certainty for business community about the policies to continue. Impact on Sensex from this result will be positive and it may hit 40,000 due to euphoria, on the declaration of result or even on exit poll results,” Romesh Tiwari, Head of Research, CapitalAim told ETNowNews.com.