Share market highlights: The Sensex and Nifty ended the week on a euphoric note after Narendra Modi-led NDA’s emphatic victory in Lok Sabha polls. The Sensex closed 624 points higher at 39,434.72, while the Nifty ended near the 11,850-mark. ICICI Bank, L&T shares closed up to 5% higher, surging to fresh record highs in intra-day trade.
Yesterday, the stock market had hit new peaks after Modi’s landslide victory in the Lok Sabha election. Notably, the 30-share index touched a new all-time high of 40,124.56, while the Nifty touched a fresh peak of 12,041.15. However, the benchmark indices failed to hold gains, as the Sensex and Nifty witnessed their worst intra-day fall in 11 years. The Senex gaive 1,313 points from all-time high of 40,124.96, to end in red. The volatility index posted its biggest one-day fall since 2014 poll result day.
Meanwhile, Asian shares hobbled near four-month lows on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets, Reuters reported. We bring to you Live updates.