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

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.

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

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.

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.

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

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

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

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

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

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.

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

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.

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.

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

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

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.

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.

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.

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

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.

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

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

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.

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.”

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.