Sensex vaults 1,422 pts, most in 10 years, after exit polls predict NDA win

All that happened in the markets today

9:15 AM

NEWS ALERT | Sensex opens 800 points higher

9:12 AM

NEWS ALERT | 10-yr Govt bond yield at 2-month low: CNBC TV18

9:11 AM

MARKET COMMENT :: Ajay Bodke, CEO (PMS) Prabhudas Lilladher

As per the poll of polls, NDA, led by BJP, is likely to easily cross the half-way mark. Markets will heave a big sigh of relief as it favours continuity & familiarity in terms of roll-out of policies. If NDA were to fall short of the half-way mark it would have led to scramble for allies like TRS, Jagan Congress & BJD

 

Institutional investors will look forward to the fillip to economic growth provided by structural reforms strongly pushed by Modi like GST, IBC, RERA, DBT etc

 

With benign inflation, well-anchored inflationary expectations & a relatively stable exchange rate; focus will be on how Modi is able to kick-start slowing engine of consumption, revive private investments, provide fillip to anemic exports, alleviate farm distress, create adequate employment opportunities, rescue the precariously perched NBFC & real-estate sectors, generate adequate resources through better administration of taxes & divestment to fund the increasingly populist impulses.

 

Any indication of BJP alone getting a majority can lead to a sharp upsurge in equity markets and strengthening of Rupee. As markets have already discounted an NDA victory such an outcome will lead to markets trading sideways with focus on the onerous quid-pro-quo in terms of plum ministries (especially economic & resources) that could be demanded by BJP's allies

9:10 AM

Top gainers during pre-open

Security Code	Security Name	Group	LTP	Chg	% Chg
500317	OSWALAGRO	B	8.48	1.37	19.27
522152	SOLIMAC	X	35.00	5.30	17.85
505854	TRF	B	133.50	19.90	17.52
540616	ARTEMIS	B	64.00	9.00	16.36
507759	LIMECHM	X	34.95	4.85	16.11
532407	MOSCHIP	X	22.00	3.00	15.79
513729	AROGRANITE	B	57.40	6.55	12.88
522113	TIMKEN	B	615.00	68.90	12.62

9:08 AM

Sectoral trends on NSE during Pre-open

9:05 AM

Nifty Bank index during pre-open

9:04 AM

NEWS ALERT | Sensex zooms 700 points up on Exit poll verdict

9:03 AM

Market at pre-open

9:02 AM

Sandip Sabharwal on exit polls

9:02 AM

Rupee opening

Rupee opens higher at 69.49/$ vs Friday's close of 70.22 against the US dollar. Rupee's 80 pts higher opening is the biggest opening gain since December 2018

9:01 AM

Market at pre-open

8:59 AM

Anupam Gupta on LS election results

8:59 AM

ICICI-Videocon loan case: Kochhar contests bonus clawback, ESOP termination

ICICI Bank former managing director (MD) and chief executive officer (CEO) Chanda Kochhar has sent a legal letter to the private lender, objecting to the way her resignation was treated as termination, refusing to give back the money she got as bonuses and stock options between April 2009 and March 2018, as directed by the bank, said two people privy to the development. READ MORE 

8:57 AM

Expect a gap-up opening today: MOFSL

8:56 AM

New govt should focus on land, labour reforms to boost growth: Experts

Chief Economic Advisor Krishnamurthy Subramanian recently highlighted the need for land and labour reforms for the Indian economy to improve its long-term competitiveness. Given the patchy track record of successive governments at the Centre — and in the States — on this front, experts feel the new government should focus on measures that have more impact on the ground. READ MORE