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Nifty opened high above previous ATH at 23,337 due to exit poll impact indicating BJP-led NDA Alliance likely to win thumping majority for third term.

I will tell you, first from a, let us say, asset classes point of view, we talked about equity, but a few people realise that return of Modi actually is absolutely loved by bonds because it sort of assures that this small risk of high fiscal deficit and potentially very high inflation has gone.

Gold prices declined on Monday as traders awaited further U.S. economic data following recent indications of stabilized inflation, raising expectations for a potential interest rate cut by the Federal Reserve later in the year.

​The benchmark index Sensex jumped 3.76% to exceed the 76,000 mark intraday, hitting an all-time high on Monday.

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​So far, we have seen power I think the continuity of that space will continue. Anything related to storage aspect on the energy you are talking about and maybe a lot of speculation is going on, the taxation related changes coming, GST will be part of these things.

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Promoters held 43.92 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 14.56 per cent and 1.81 per cent, respectively.

Among the top gainers from the pack, Titagarh Rail Systems also hit a 52-week high with RVNL, IRFC, and Jupiter Wagons. Global brokerage CLSA said a favourable BJP outcome would raise investor confidence in India’s economic growth. This could encourage investors to play this growth beyond Modi stocks, which are direct policy plays.

Crompton Greaves shares gain 0.75% as Sensex rises

Updated at : 2024-06-03 14:20:02

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The stock quoted a 52-week high of Rs 410.0 and a 52-week low of Rs 262.1.

​I do believe that there is going to be continuity to this rally as well and a possibility of add up of about 1000 points on the Nifty is quite possible.

LTIMindtree shares fall 0.8% as Nifty gains

Updated at : 2024-06-03 14:20:02

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A total of 18,952 shares changed hands on the counter till time (IST).

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