Share Market Lok Sabha Election Result 2019: After hitting the 40,000-mark for the first time ever on NDA’s lead, the Sensex erased all gains on Thursday afternoon. The Sensex ended 298 points down at 38,811, while Nifty closed 80 points down at 11,657.05. Interestingly, the Sensex and Nifty have surged to fresh peaks in very quick succession. On Tuesday, the Sensex had hit 39,571.13 buoyed by exit poll results over the weekend. The Nifty had hit a record of 11,883.55. Today, the Sensex touched a new all-time high of 40,124.56, while the Nifty touched a fresh peak of 12,041.15. The surge in the shares comes even as trends indicate that the Narendra Modi-led NDA could get its biggest mandate since 1984.
“Markets were looking for stability, continuity and strong leadership rather than a fractured mandate – this has led to the new high. We believe India allocation from global funds will increase and more ETF flows are likely over the short term that could drive the markets even higher,” B Gopkumar, ED and CEO, Reliance Securities told Financial Express Online. We bring to you LIVE updates.