Sensex, Nifty end in red after hitting record highs on Modi's thumping victory

Indian markets closed in red for first time on an election result day since 2004 results, on Thursday, after BSE Sensex and NSE Nifty touched historic 40,000 and 12,000 marks respectively in the early morning trade, as the markets cheered the return of Narendra Modi-led National Democratic Alliance government, in euphoria.

On the day, when exit polls predicted a full majority to the Modi led NDA, the markets had gained up to 4%. The BSE Sensex and NSE Nifty marked their second best performance ever. The markets also touched respective record highs.

Market Permutations

“Even in case of the NDA with a slender margin, markets will do well. NDA without Modi, there will be no impact as markets want a stable government,” according to Rahul Shah of Motilal Oswal.

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The markets open over 1.5% higher as initial leads suggest a huge lead for Modi led NDA.

BSE Sensex trading at historic high of 39,901.59 points, up 791.38 points. Nearing 40,000 mark.

The markets, which were seen at historic highs a moment back, seem to have witnessed a bit of selling. Sensex up 590.82 points.

The shares of Tractors India Ltd, a Kolkata-based manufacturer of infrastructure equipment, is the biggest 20%.gainer on BSE. The shares of the company are up

BSE Sensex touches historic 40k mark

BSE Sensex is down 549 points from the historic level of 40,124 points, on the back of profit booking.

At the end of the trading, the Sensex was closed at 38,811.39, down 298 points. The Nifty closed trading at 11,679.30, down 59 points. Thank you for staying tuned with us!