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

11:50 AM

NEWS ALERT | Nippon Life signs binding agreement with Reliance Capital

11:49 AM

The NDA returns: Time to introspect policies that did not work

The return of the National Democratic Alliance (NDA) government to power does indicate a couple of things. First, there will be continuity in policy stance, which is good for the country. The second is that some of the economic issues that had taken Centrestage like employment, economic stagnation, falling consumption etc. did not matter in terms of affecting the decision of the electorate. It is not surprising that the Bharatiya janata Party (BJP) campaign this time was not talking about development or the Gujarat model, but other political issues and economic issues focused on the lowest common denominator which struck the right cord. READ MORE

11:47 AM

ELECTION RESULT TRENDS: Former PM HD Deve Gowda trailing from Tumkur

11:47 AM

Reliance Securities on Cipla

Last close: Rs 554

Target price: Rs 650

Recommendation: Buy

In light of healthy quarterly performance along with increased visibility in the US business, we upgrade our recommendation on the stock to BUY from HOLD with a revised Target Price of Rs650 (from Rs580 earlier).

11:44 AM

A look at the party-wise trends and results

11:43 AM

Trends at 11.30 am

11:42 AM

Vedanta slides over 1.5%

11:40 AM

Markets @40k: Views from Mr.B Gopkumar, ED and CEO, Reliance Securities

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.

11:39 AM

Rupee check

Source: Bloomberg

11:39 AM

11:36 AM

ELECTION RESULT TRENDS: Amit Shah leading by more than 2 lakh votes in Gandhinangar

11:35 AM

COMMENT :: Surendra Hiranandani, Founder and Director, House of Hiranandani

We expect that the new government can do away with unnecessary documentation which will help real estate players immensely. It is important that single window clearance is soon put into practice which will not only resolve operational issues prevalent in the industry, but would improve the productivity of the real estate industry.

Currently, the permissions are coming at a snail’s pace. Private sector participation in housing is necessary to bridge the gap between demand and supply and for that it is desirable to create policy framework to minimise and simplify approvals required for development of a real estate project. Real Estate sector stands amongst the critical sectors in terms of investments and employment and we look forward to initiatives that would further aid to the growth of the sector in the near future

11:34 AM

Midcap pick by Prabhudas Lilldher

11:33 AM

EXPERT COMMENT | Shyam Sekhar

11:32 AM

Vedanta slips over 1%