The stock market reached an all-time high after exit polls forecast a decisive victory for the BJP-led NDA coalition, sparking widespread investor optimism on Monday.
The market capitalization of the State Bank of India (SBI) crossed the Rs 8 lakh crore mark on Monday after the bank's shares surged to a record high of Rs 907.
This surge, expected between Q2 2024 and the end of 2028, will see the completion of 88 new retail developments across the country, significantly outpacing the supply of the past decade, which totaled around 38 million square feet.
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."
Through a memorandum, the tea plantation sector representatives under North Eastern Tea Association, appealed before the minister to prohibit sale, stock, distribution and, or use of certain pesticides in the Assam in the best interest of the tea industry. Those six pesticides are Cypermethr
Uttarakhand Chief Minister Pushkar Singh Dhami held a meeting with the officials and took stock of the compliance of the instructions given earlier and directed the officials to ensure the convenience of devotees in Maa Purnagiri Dham fair, informed an official release.
The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, standing at Rs 25,586 crore as the month ended.
Stock markets may reach new heights says market experts post exit poll outcomes. Most of the exit polls gave Modi led NDA government a comfortable win, have enthused market experts.
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.
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree".
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.