Wednesday, Jun 19 2024 | Time 14:56 Hrs(IST)
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Business Economy


Sensex, Nifty at record high ahead of last 2 phases of Lok Sabha polls

Sensex, Nifty at record high ahead of last 2 phases of Lok Sabha polls

Mumbai, May 23 (UNI) India’s stock indices, both BSE Sensex and Nifty, on Thursday soared to all-time high on the back RBI’s record dividend payout to the government and the excitement over Lok Sabha polls outcome as it enters slog overs with the 30-share BSE Sensex rising 1197 points to close at 75,418 before kissing the 75,500 mark during intra-day trading.

The NSE index or Nifty also breached the 22950-mark to close at 22,967.70 up 369.90 points from the previous close.

All index heavy weights – HDFC Bank, Reliance Industries, TCS and L&T among others gained over their previous closing and contributed to both BSE-Sensex and Nifty touching their 52-week highs.

According to trading community sources, early onset of southwest monsoon also provided a boost to the domestic market. This is despite Foreign Institutional Investors (FIIs) continue to sell to the tune of Rs 686 crore in yesterday’s trading while the Domestic Institutional Investors (DIIs) buying worth Rs 962 crore in last trading session.

After a flat start in the morning, both Nifty and BSE steadily gained through the day with heavy weight shares getting massive buying support at every level.

In the 30-share except 3 other 27 shares ended in green closing higher from their previous close. The three shares which closed in red were Sun Pharmaceuticals, NTPC and Power Grid. While in Nifty 50 also, 46 were in green and only six shares ended the day in red.

UNI NV SKB CS1740

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Kottayam-Kochi Rubber Market Rates

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KOTTAYAM
RSS FOUR: 20300
RSS FIVE : 19900
ISNR TWENTY: 17300
SIXTY PERCENT LATEX: 14160
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RSS FIVE: 19900
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RSS One : 19373
RSS Two : 19237
RSS Three: 19112
RSS Four : 19043
RSS Five : 18941
KUALA LUMPUR
SMR TWENTY : 14633($175.15)
SIXTY PERCENT LATEX : 14264($170.75)
UNI PA SSP.

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