Stock market LIVE Updates: Sensex, Nifty may extend gains on counting day

Jun 4, 2024
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Stock market LIVE Updates: Sensex and Nifty logged their biggest single-day gains since February 1, 2021 on Monday.

Stock market LIVE Updates: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

Stock market LIVE Updates: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

Stock market LIVE Updates: Sensex and Nifty are expected to rise as the counting for the 543 Lok Sabha constituencies begins on Tuesday. It soared to record-high levels on Monday after the exit polls predicted the return of the Modi government for the third straight term. Sensex surged 2,778 points, nearly 4 per cent, to hit its all-time high of 76,738.89. Nifty 50 surged 808 points, nearly 4 per cent, to hit its fresh record high of 23,338.70.…Read More

Follow Lok Sabha election Results LIVE Updates

Sensex and Nifty logged their biggest single-day gains since February 1, 2021, when indices had jumped nearly 5% after the budget presentation. Interestingly, Sensex and Nifty had spurted more than 3 per cent on May 20, 2019, after the exit polls predicted a major win BJP-led NDA in the 2019 general elections.

The market capitalisation of BSE-listed companies jumped to 4,25,91,511.54 crore (USD 5.13 trillion).

As many as 2,346 stocks advanced while 1,615 declined and 154 remained unchanged on the BSE.

The market capitalisation of NSE-listed companies stood at 422.48 lakh crore (USD 5.09 trillion).

India’s economy grew by 8.2 per cent in the fiscal year that ended in March, cementing the country’s position as the fastest-growing major economy in the world.

Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for the third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls.

Follow all the updates here:

Stock Market LIVE Updates: Jefferies On CMS Info

Buy Call, Target Rs.600/Share

Co Is Set To Ramp Up Remote Monitoring System That Is On Stronger Platform

Revenues Can Grow At 30%+ CAGR

Mkt Share Could Rise From 5% To 7% Of Total With Good Margins

Competitive Intensity Is Key To Watch

Scale-up Of RMS, Collections With Cash Mgt Growth Will Aid 20% CAGR In Profit

Stock Market LIVE Updates: Jefferies On M&M

Hold Call, Target `294/Sh

For May’24, M& M Fin AUM Growth Moderated Slightly To 23% YoY

Disbursement Growth Improved To 6% YoY Vs 4% YoY Growth In April

Collection Efficiency Improved MoM To 96% Vs 89% Reported In April

Stage 2 & 3 Assets Were Below 10%

At 1.8x March 25 BV, Valuations Appear Reasonable

Better Visibility On RoA Expansion Is Needed To Drive Re-Rating

Stock Market LIVE Updates: Jefferies On Graphite Electrodes

Buy Call On HEG, Target `2,800/Sh

Despite Strong 70%+ Utilisations, Pricing Pressure Dragged FY24 Pat For GRIL & HEG

Est Margin Pain To Continue In FY25, & Hence Cut Est

But Are Cautiously Optimistic On A Gradual Revival Thereafter

Recent Recovery In Global PMIs Is Driving Optimism

New EAF Steel Capacities Are Coming Up

Graftech Cut 24,000 t Of Its GE Capacity In Feb 2024

Stock Market LIVE Updates: Jefferies On Industrials

FY24 Order Flow Rose 35% YoY For Our Industrial Stocks Incl

Siemens’ Sizeable `25,500 Cr FY23 Railways Order & 44% YoY Excluding It

ABB, Siemens, Thermax Combined Saw 8% YoY Order Growth

If The Current Govt Retains Majority, It Adds Wings To The Strong Sector Outlook

L&T, HAL , Siemens, ABB, Data Patterns, Thermax & KEI Are Top Picks

Stock market LIVE Updates: Morgan Stanley ‘Overweight’ on Adani Ports and Reliance Industries

Morgan Stanley targets Rs.1,517/Share for Adani Ports and Rs.3,046/Share for Reliance Industries.

MS On Adani Ports

Overweight Call, Target `1,517/Sh

Acquires Container Terminal At Tanzania Port

30-Yr Agmt To Operate & Manage Ct2

95% Stake Acquired Through Consortium JV (EAGL) For $39.5 m

Cargo Volumes Were Flat YoY In May’24 & +5% YoY For YTDFY25

Shutdown Of Gangavaram Port Led To Volume Loss Of 6 mmt In April-May 2024

MS On Reliance

Overweight Call, Target `3,046/Sh

Re-Rating Potential Takes Center Stage As Monetisation Cycle Picks Up

Expect A Steady Re-Rating , Earnings Catch-Up Will Be A FY26 Event

Multiple Catalysts From Improving Retail & Energy Earnings Keep Us Overweight

Co Remains In Top Five In Regional Preference Order.

Stock market LIVE Updates: Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi’s return

Adani Group stocks today: Shares of Gautam Adani’s Adani Group surged as much as 16% today following exit polls which indicated that Prime Minister Narendra Modi’s led BJP will win in the Lok Sabha elections. The stocks continued their surge for the second consecutive session and increased trading volumes added over 2.6 lakh crore to the group’s market capitalization in just two sessions. Read more

Stock market LIVE Updates: Huge stock market rally expected on June 4? What brokerages advised ahead of Lok Sabha election results

The BSE Sensex and the NSE Nifty were at fresh record highs today which added nearly 12 lakh crore to the BSE market capitalisation (m-cap) as almost all exit polls predicted the BJP-led NDA’s seat wins in the 350-400 range. This comes after stock market investors trimmed expectations on BJP or NDA seat counts owing to lower turnout in the first few phases of Lok Sabha elections 2024. Read more

Stock market LIVE Updates: These stocks are set to surge if PM Modi wins third term as exit polls predict

Brokerage firms identified stocks that could benefit from the formation of PM Modi led-NDA coalition government as exit polls indicated a clear majority for the alliance. Almost all exit polls showed that the BJP is likely to win the Lok Sabha elections on June 4 and is set to secure more than 370 seats. Analysts predicted that if exit polls are accurate, “Modi stocks” could rally. These are stocks of the companies or sectors that have benefited directly from government policies and initiatives under Prime Minister Narendra Modi. Read more

Stock market LIVE Updates: Sensex, Nifty log biggest single-day gain in 3 yrs as exit polls predict 3rd term for Modi govt

After the exit polls predicted the return of the Modi government for the third straight term, benchmark Sensex and Nifty zoomed more than 3 per cent on Monday, recording their biggest single-day gain in three years and closing at lifetime highs.

The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new closing peak of 76,468.78 points with 25 of its constituents ending in the green and five in the red. During the day, the barometer jumped 2,777.58 points or 3.75 per cent to hit a record intra-day peak of 76,738.89.

The NSE Nifty climbed 733.20 points or 3.25 per cent to finish at 23,263.90. During the day, it soared 808 points or 3.58 per cent to hit a fresh intra-day all-time high of 23,338.70.

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