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

1:26 PM

Hopes from new govt | Navtej Singh, CEO Digital Business, Hitachi Payment Services

It is our belief that the (new) government will take steps to further strengthen the fintech ecosystem in India. With the consumer in mind, the government should introduce regulations that are flexible in nature and benefit multiple stakeholders. While regulations like sandbox and ‘no-compromise’ approach towards safety will further drive innovation and security in the fintech space, a more market driven approach towards pricing, the timelines to implement the norms and flexibility would be equally important. The push towards more convenience, cost effectiveness and adoption of technology that make lives easier for every Indian citizen such as UPI, IMPS etc. should be the topmost priority

1:25 PM

ICICI Bank rises almost 3.5%

1:17 PM

NEWS ALERT | YS Jaganmohan Reddy to take oath as Andhra Pradesh Chief Minister on May 30

1:11 PM

OMCs trade higher

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
I O C L	157.45	160.10	155.05	1.85	1.19
RELIANCE INDS.	1363.00	1392.00	1354.00	22.30	1.66
H P C L	299.45	305.80	292.00	10.75	3.72
O N G C	177.05	178.95	174.50	0.50	0.28
B P C L	401.25	411.30	387.05	16.95	4.41
PETRONET LNG	239.15	242.85	237.00	2.15	0.91
INDRAPRASTHA GAS	307.90	313.60	305.00	2.30	0.75
OIL INDIA	184.05	186.90	181.60	1.70	0.93
CASTROL INDIA	145.45	147.70	144.50	0.60	0.41
GAIL (INDIA)	340.20	342.50	337.10	2.30	0.68

1:08 PM

Nitin Gadkari praises leadership of PM Narendra Modi, Amit Shah

1:06 PM

Congratulatory messages pouring in | Porinju Veliyath tweets to PM Narendra Modi

1:05 PM

NEWS ALERT | Ravi Kishan wins Gorakhpur seat

1:04 PM

Nifty FMCG slips in trade, index down over 1%

1:01 PM

NEWS ALERT | Rahul Gandhi to address media at 4 pm: CNBC TV18

12:52 PM

12:51 PM

ELECTIONS AND MARKETS: Nilkhil Kamath, Zerodha

"The elections have played out in line with consensus opinion, BJP looks like they will have a majority even outside the alliances that form the NDA. Consistency in leadership is a positive for the economy overall and should shore up sentiment amongst foreign investors. This could lead to Rupee strengthening and benchmark yields coming down over the short term. 

 

Specific to the Indian stock market; we believe they might have run up ahead of fundamentals buoyed by sentiment over the short term. It might be prudent to wait for the inherent fundamentals to catch up before waging big directional bets on the market right now."

12:50 PM

A look at Sensex's 13-year journey from 10,000 to 40,000 levels

The S&P BSE Sensex hit the 40,000 mark on Thursday, after trends showed Narendra Modi - led National Democratic Alliance (NDA) sweeping to power in the Lok Sabha elections 2019. While most experts had predicted Modi-led NDA to come back to power for the second consecutive term, markets, they said, had been discounting this. READ MORE

12:48 PM

Nifty sectoral indices

12:38 PM

Rajnath Singh thanks the people of India

12:35 PM

EXPERT COMMENT | Sachin Shah, Emkay Investment Managers

At a time when there is uncertainty over economic growth, political stability and continuity allow an economy to progress and rise above hurdles over a period of time. So this outcome offers hope that policy reforms will go in the right direction.