Sensex hits 40k; dips 1,314 pts from high by close; Nifty holds 11,650

During the day, Sensex and Nifty hit the levels of 40,000 and 12,000, respectively, for the first-ever time

3:21 PM

Top gainers and losers on S&P BSE Sensex

3:19 PM

Nifty50 sheds 100 points

3:18 PM

Market check | Sensex slips over 1%

2:49 PM

NEWS ALERT | PM Narendra Modi tweets, says will build inclusive India

2:46 PM

NDA 2.0: The new government has its task cut out

What a stunning mandate for the incumbent NDA! Despite the hardships faced after demonetisation and implementation of the goods and services tax (GST) along with the ongoing rural India farm stress, to return to power with an absolute majority, is symptomatic of the charisma of Prime Minister Narendra Modi, along with the absence of any coherent opposition. READ MORE

Illustration: Ajay Mohanty

2:41 PM

'It's a victory of the nation'

2:35 PM

Nifty Metal turns red

2:26 PM

Stocks that hit 52-week high on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ADANI PORTS	412.35	430.00	25.55	6.61
ATUL	3792.95	3880.00	-14.15	-0.37
AXIS BANK	787.80	803.70	8.50	1.09
BAJAJ FIN.	3426.05	3529.00	-21.65	-0.63
CITY UNION BANK	210.50	211.20	1.95	0.94

2:24 PM

PDP President Mehbooba Mufti congratulates PM Modi

2:12 PM

Adani Group shares rally; Adani Ports, Adani Enterprises hit 52-week highs

Shares of Adani Group companies surged up to 14 per cent intra-day on the BSE on Thursday as trends showed the Narendra Modi-led National Democratic Alliance (NDA) leading the vote counts for the 2019 Lok Sabha election. Adani Ports and Special Economic Zone, Adani Enterprises, Adani Power, Adani Transmission, Adani Gas and Adani Green Energy were up 7 to 14 per cent on the BSE in early morning deal today, while Adani Enterprises (up 14 per cent at Rs 181) and Adani Ports (11 per cent at Rs 415) have hit their respective 52-week highs. READ MORE

2:12 PM

Election result trends at this hour | NDA crosses 350 mark

1:58 PM

Morgan Stanley sees Sensex at 45,000; Nifty at 13,500 by June 2020

There is still some more headroom for the markets despite the poll-outcome driven rally that took the S&P BSE Sensex and the Nifty 50 index above the 40,000 and 12,000 levels, respectively in trade on Thursday, the day votes were counted for 2019 Lok Sabha elections. READ MORE

1:58 PM

Nepal PM KP Sharma Oli tweets congratulatory messages to PM Modi

1:57 PM

NEWS ALERT | Nifty Midcap outperforming benchmark Nifty50

- Midcaps up 0.73% against a 0.43% rise in frontline index

1:56 PM

ELECTION AND MARKETS: Ajay Bodke, CEO, Prabhudas Lilladher

• A Herculean challenge awaits the newly-elected Modi government on the economic front. Problems galore and addressing them on a war footing to rev-up the fast slowing economic engine with faltering consumption, moribund private sector investments and anaemic exports should be the first priority. 
• With limited fiscal space & build-up of massive balance sheet liabilities, a focused effort to address strong and sustained revenue mobilisation is necessary. 
• Necessity to expend political capital very early-on to tackle factor reforms like land and labour to help generate employment opportunities for tens of millions of semi-skilled and unskilled workers is called for. 
• Lack of adequate liquidity and high real interest rates are stifling aggregate demand. Sectors like NBFCs, real estate and automobiles are precariously perched and unless rescued through immediate intervention can further hurtle the economy on a downswing. 
• Policies to encourage FDI flows to invest in long-gestation infrastructure projects, take-over ailing industries and recapitalise financial firms need to be put in place. 
• Some of the issues equity markets will focus on are consolidation of PSBs, aggressive divestment of PSUs especially basket cases like Air India, BSNL-MTNL, increased private sector participation in sectors such as defence & railways, infusion of more transparency in managing behemoths like FCI & LIC and continuation of large investments in infrastructure