Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session in the positive territory. The NSE Nifty 50 gained 733.20 points or 3.25% to settle at 23,263.90, while the BSE Sensex jumped 2507.47 points or 3.39% to 76,468.78. The broader indices ended in positive territory, with gain led by Large-cap and Mid-cap stocks. Bank Nifty index ended higher by 1996 points or 4.07% to settle at 50,979.95. PSU Banks and Energy stocks outperformed among the other sectoral indices like Realty and Financial Services stocks surged.
Commenting on the markets outlook post exit polls V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said that Exit polls results which indicate clear victory for the NDA with around 360 seats completely removes the so called election jitters which have been weighing on markets in May. This comes as a shot in the arm for the bulls who will trigger a big rally in the market on Monday.
“Largecaps in financials, capital goods, automobiles and telecom are likely to lead the rally. The bulls will be further emboldened by the better-than-expected 8.2% growth in GDP numbers which came after market hours on Friday. Technically and fundamentally the market is poised for a rally,” added Vijayakumar.
WTI crude prices were trading at $77.03 down by 0.19%, while Brent crude prices were trading at $81.08 down by 0.30%, on Monday morning.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, traded down, 0.10% at 104.52.
The Wall Street or US market closed higher as the US Fed’s favourite inflation gauge’s reading came around investor’s expectations. The Dow Jones Industrial Average soared to its best day of 2024. It jumped 574.84 points or 1.51% to 38,686.32. The S&P 500 climbed 0.80% to 5,277.51. However, the tech-heavy Nasdaq Composite pulled back 0.01% to end at 16,73.02.