Election and markets
On June 4, the results of the Lok Sabha elections would be revealed, and investors would be closely observing the number of seats that the street favorite BJP wins. For the last four general elections, let's examine the performance of the benchmark index Nifty on results day, the day after, and the next five trading days.
Stock market LIVE Updates: On Tuesday, as the counting of the 543 Lok Sabha seats got underway, both the Sensex and the Nifty fell by 2%. On Monday, though, it surged to all-time highs as the exit polls indicated that the Modi government would be back in office for a third consecutive term. The Sensex increased by 2,778 points, or almost 4%, to reach 76,738.89, its all-time high. The Nifty 50 increased by 808 points, or almost 4%, to reach a new record high of 23,338.70.
Stock Market LIVE Updates: Top gainers and losers so far
Top gainers were HUL (up 2.58%), Britannia (1.82%), Apollo Hospitals (1.62%), Divi's Laboratories (1.52%), Sun Pharma (1.44%).
Top losers were Adani Enterprises (down 6.74%), Adani Ports (down 6.25%), Coal India (down 5.75%), Shriram Finance (down 5.28%) and ONGC (down 5.19%).
