Ajay Bagga, banking and market expert, commented on the market performance, stating, "Monday is witnessing a gap-up opening, but we anticipate further upside on Tuesday as actual trends become clearer."
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The Sensex surged by 132.44 points, closing at 73,961.31, while the Nifty climbed by 42.05 points, reaching 22,530.70. The upbeat sentiment was reflected in the performance of Nifty-listed companies, with advances outnumbering declines.
Indian stock indices opened on a firm note Friday, following five straight sessions of losses, primarily due to fresh accumulation of stocks by investors following the latest dip.
The Nifty index fell by 0.95 percent, losing 216 points to close at 22,488.65. Similarly, the BSE Sensex dropped by 0.83 percent, shedding 617 points to end at 73,885.
Risk aversion in Indian stocks continued on Thursday morning, as the indices opened the session on a negative note. After a stellar rally over the past few weeks, markets faced some resistance this week.
On Wednesday morning, Indian stock indices consolidated from where they were at the previous session closing. After a stellar rally over the past few weeks, markets faced some resistance this week.
Indian stock markets closed marginally below on Tuesday after a high volatility during the trading. The equity markets experienced a pause after a three-day streak of record highs.
After a stellar rally over the past few weeks, markets faced some resistance over the past couple of sessions. At Tuesday opening bell, indices Sensex and Nifty traded marginally higher with a downside bias.
The S&P BSE Sensex breached the remarkable 76,000-mark for the first time, hitting 76,010, while the NSE Nifty50 scaled a new summit at 23,111 before retracting into negative territory.