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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.

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.

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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:
Jun 3, 2024, 15:27:58 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.

Jun 3, 2024, 15:25:04 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.

Jun 3, 2024, 15:20:26 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.

Jun 3, 2024, 15:06:55 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.

Jun 3, 2024, 14:44:21 IST

Stock market LIVE updates: Adani Group stocks rally

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

Jun 3, 2024, 14:27:26 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.

Jun 3, 2024, 13:54:17 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.

Jun 3, 2024, 13:48:53 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.

Jun 3, 2024, 13:33:07 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.

Jun 3, 2024, 13:17:47 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.

Jun 3, 2024, 13:03:04 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%.

Jun 3, 2024, 12:50:28 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.

Jun 3, 2024, 12:38:46 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.

Jun 3, 2024, 12:20:33 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.

Jun 3, 2024, 11:52:07 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.

Jun 3, 2024, 11:42:07 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.

Jun 3, 2024, 11:28:09 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.
Jun 3, 2024, 11:20:57 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.

Jun 3, 2024, 11:11:00 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%.

Jun 3, 2024, 11:04:45 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.

Jun 3, 2024, 10:56:20 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.

Jun 3, 2024, 10:43:37 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.

Jun 3, 2024, 10:30:16 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.

Jun 3, 2024, 10:19:56 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.”

Jun 3, 2024, 10:10:24 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.

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