• Source:JND
Add as a preferred

Stock Market Today:  After a bullish rally on Wednesday, the domestic benchmark indices continued to recover the loss on Thursday as well. Nifty 50 and Sensex surged over 1 percent in early hours. At around 11:03 am, the Sensex was trading at 75286, up by 900 points or 1.2 percent, while nifty 50 was trading at 22,900, up 1.2 percent or 276 points. Notably, the indices suffered a huge loss of over 4 percent on Tuesday after the Bharatiya Janata Party failed to gain a majority mark on its own.

Benchmark equity indices Sensex and Nifty began trading on a positive note on Thursday, continuing to rise for the second consecutive day, after leaders of the Bharatiya Janata Party-led National Democratic Alliance (NDA) unanimously elected Narendra Modi as their leader.

Also read: Nvidia Surpasses Apple To Become World's Second Most Valuable Company

Among the Sensex pack,  Power Grid, Tech Mahindra, NTPC, State Bank of India, Tata Steel, and HCL Technologies emerged as top gainers. Whereas, Nestle, Sun Pharma, Hindustan Unilever, and Asian Paints were among the laggards.

NDA leaders unanimously elected Narendra Modi as their leader on Wednesday. Modi is expected to take up the position of Prime Minister for a historic third consecutive term, as the NDA won 293 seats in the Lok Sabha elections.

Foreign institutional investors (FIIs) sold shares worth Rs 5,656.26 crore on Wednesday, according to stock exchange data. After rebounding from Tuesday's collapse, the BSE Sensex climbed 2,303.19 points or 3.20 percent to close at 74,382.24 on Wednesday. The Nifty index rose 735.85 points or 3.36 percent to 22,620.35 points.

In Asian markets, Tokyo and Hong Kong traded with gains while Shanghai fell.

Also read: Coal India's Contribution To Govt Exchequer Drops 2.2 % To Rs 9,560 Crore In Apr-May