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

11:31 AM

MARKET COMMENT :: 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

11:31 AM

Modi defies contrarians, set to be first non-Congress PM to return to power

The contrarians had three or four assessments or assumptions about the 2019 Lok Sabha polls, and the Bharatiya Janata Party, it would seem at the time of filing of this report at 10.30 am, has defied them all. Prime Minister Narendra Modi is on his way to be the first non-Congress prime minister to return to power. CLICK TO READ FULL ARTICLE

11:29 AM

Market check | Sensex off highs

11:25 AM

Nifty PSU Bank erases gains

11:21 AM

NEWS ALERT | 7.26% 2029 govt bond yield at lowest level since April 2018

11:21 AM

NEWS ALERT | Prime Minister Modi likely to be at BJP headquarter at 5 pm: CNBC TV18

11:18 AM

Stock mover by Anand Rathi

SBIN has provided a breakout from the 10 years consolidation with a clear buy crossover in its daily, weekly and monthly MACD which is a big breakout. The probability of an upside from hereon increases as the Index has started to form higher tops with gaps which indicates that the breakout is with increase in volumes. The stop loss is 328.20

 

11:18 AM

ITC dips almost 1.5%

11:10 AM

BJP begins celebrations | Suresh Prabhu calls BJP numbers "political tsunami"

11:07 AM

NEWS ALERT | British Prime Minister Theresa May expected to announce she will quit on Friday: Reuters

11:07 AM

MARKET COMMENT :: Abhimanyu Sofat, head of research, IIFL Securities

The early trend suggest a confirmation of the exit poll results, which has been taken positively by the market. Though the current index level already captures this outcome, any further trend in creating a more stable government will be considered positive by the market. Once the new government gets sworn in the focus needs to shift to arrest the recent slowdown in consumption and improve investment climate so that the GDP growth rate is sustained above 7.5%

11:06 AM

Tech View: SBI up 4%. Should you stay invested?

SBI has provided a breakout from the 10 years consolidation with a clear buy crossover in its daily, weekly and monthly MACD which is a big breakout. The probability of an upside from hereon increases as the Index has started to form higher tops with gaps which indicates that the breakout is with increase in volumes. The stop loss is Rs 328.20. Target : Rs 418.5 in three months

(Source: Anand Rathi Securities)

11:06 AM

See attractive gains in mid-sized consumption gains: Porinju Veliyath to ET NOW

11:04 AM

MARKET COMMENT :: Motilal Oswal, CMD, MOFSL

This is a new beginning not only for the markets but for the whole country. India is on the way to be a super power leading the world

11:03 AM

NEWS ALERT | Cadila's Zydus receives final approval from USFDA for Esomeprazole Magnesium Delayed-Release Capsules USP