Sensex breeches 24,000 mark : Markets react favorably to exit polls prediction

[Indo-guy]

Breaking News : Times Now

Sensex has breeched 24,000 mark .



Sensex surges over 300 points on hopes of clear win for BJP - The Times of India

Sensex surges over 300 points on hopes of clear win for BJP

Sensex and Nifty hit a third consecutive record high while the rupee and bonds gained in early trade on Tuesday after exit polls showed the Bharatiya Janata Party and its allies winning a majority in the country's elections.

Narendra Modi is set to become the next prime minister, four major exit polls showed on Monday, with his opposition party and its allies forecast to sweep to a parliamentary majority in the world's biggest ever election.

The Nifty surged to a record high of 7,116.20 in early trade.

The Sensex hit a record high at 23,921.91. As of 9:37am, the benchmark was trading more than 300 points higher.

The partially convertible rupee was trading at 59.62/63 per dollar by 9:10am, compared with its previous close of 60.05/06.

The benchmark 10-year bond yield opened 3 basis points lower at 8.70 per cent, its lowest since March 13, before retreating slightly to trade at 8.71 per cent.

 

[GR!FF!N]

Holy Fkuc...1700 points of rise within 3 days(Friday,Monday,Tuesday)??

Sensex breaches 24,000-mark

The benchmark Sensex crossed 24,000-mark for the first time on sustained FII buying in power, consumer durables, PSUs, banking and capital goods stocks after exit polls showed the BJP-led NDA will form the new government at the Centre.

The 30-share BSE barometer, after opening on a strong note, breached the 24,000 level to trade at an all-time high of 24,068.94 by surging 517.94 points, or 2.19 per cent, at 12 p.m.

The rally was led by stocks of Coal India, Reliance Industries, SBI, ICICI Bank, NTPC, ONGC, Larsen and Toubro, ITC, Maruti Suzuki and Infosys.

The Sensex had gained over 1,206 points in the last two trading sessions.

The broad-based Nifty of the National Stock Exchange zoomed by 151.50 points, or 2.16 per cent, to hit a new high of 7,165.75.

Stocks of PSUs, oil and gas and capital goods sectors turned investors’ fancy, helping the key indices to touch historic highs.

Besides, positive global cues too triggered buying by foreign funds, they said.

The power sector index gained the most by rising 4.45 per cent to 1,875.41, followed by capital goods index by 4.17 per cent to 13,450.52.

Sensex breaches 24,000-mark - The Hindu

 

[The Huskar]

it has fallen back into 23,900.losing its earlier momentum