and Nifty50, rallied on Thursday as investors responded positively to the imminent formation of the NDA government. Sensex breached the 75,000 mark, while Nifty50 surpassed 22,800. Notable gainers included SBI, NTPC, and L&T, while HUL and Nestle India were among the top losers. Market sentiment improved post-election confirmation, with a focus on key cabinet portfolios. The market is expected to remain range-bound in the short term, with positive cues from Asian and US markets. FPIs were net sellers, while the rupee gained against the US dollar.              

Following Dalal Street's disappointment with Lok Sabha election results, Indian stock markets rebounded sharply, with Sensex climbing 1,651.25 points to 73,730.30 and Nifty jumping 508.40 points to 22,392.90. FMCG and auto stocks led gains, while banks and IT sectors also contributed. Despite early surge, high volatility and selling pressure persist, with experts advising caution. Prashanth Tapse of Mehta Equities Ltd suggests focusing on defensive sectors amidst the uncertain market landscape. The unexpected election outcome has left markets volatile, prompting investors to await stabilization before making significant moves.

In a dramatic session, Sensex and Nifty erased all 2024 gains, plummeting over 8% amid high volatility due to early election results. Exit polls had projected a BJP victory, driving indices to record highs on Monday. However, closer-than-expected early results between NDA and INDIA alliances triggered a market downturn, causing Sensex to drop over 6,000 points and Nifty by 1,600 points. Major losses were seen in Adani Enterprises and Adani Ports, which fell up to 25%. Market sentiment remains highly unstable as investors react to potential political uncertainty.

In a dramatic turn, the Sensex nosedived by 2,000 points, with the Nifty tumbling below the 22,800 mark. This stark reversal follows a surge sparked by robust exit poll projections favoring the BJP-led NDA. The economic landscape appeared promising with an 8.2% GDP growth in FY24, an optimistic monsoon forecast, a noteworthy 10% uptick in GST collections, and a decline in oil prices. However, market sentiments have abruptly shifted, underscoring the volatility inherent in financial markets.

Stock futures edged higher and the rupee was steady as votes in the world's largest election were set to be counted today, with Prime Minister Narendra Modi widely expected to score a decisive mandate and a rare third term.Exit polls foresee a clear win for Modi, fueling market optimism and pushing indices to record highs on Monday. The NIFTY 50 index futures edged up 0.21% early Tuesday, eyeing another record open. Monday saw the Nifty index closing up 3.25% at 23,263.90 points and the BSE index up 3.39% at 76,468.78 points. The rupee traded slightly stronger at 83.1000 to the dollar in early NDF market trade, following a 0.4% gain on Monday.

Indian stock markets surged to record highs as exit poll predictions of political stability propelled the Sensex and Nifty indices. Sensex soared over 2,000 points and Nifty recorded its largest jump in four years, adding ₹12.48 lakh crore to BSE stocks' market cap. Adani Ports, Adani Enterprises, and others led the rally. The optimism was fueled by India's robust Q4FY24 GDP growth of 7.8%, surpassing expectations. However, analysts caution about market volatility ahead of the Lok Sabha election results, despite exit polls projecting a return to power for the BJP-led NDA alliance.              

Mother Dairy has increased milk prices by ₹2 per litre in Delhi-NCR and other markets, effective from June 3. The price hike applies to all milk variants, with full cream milk now costing ₹68 per litre, toned and double-toned milk at ₹56 and ₹50 per litre, respectively. Buffalo and cow milk prices have risen to ₹72 and ₹58 per litre, respectively. The company cited increased production costs and heat stress affecting milk production as reasons for the hike. This follows Amul's recent price increase, ahead of the Lok Sabha election results.

Indian share market hit record highs on Monday, buoyed by exit polls suggesting a third term for PM Narendra Modi and the BJP-led NDA. The BSE Sensex soared 2,178 points (2.94%) to 76,139, while the Nifty50 climbed 579 points (2.57%) to 23,109 by 9:17 am. By 10:20 am, the Sensex was up 2,118.84 points at 76,080.15, and the Nifty50 rose 665.60 points to 23,196.30. Investor optimism was driven by expectations of continued infrastructure and manufacturing investments under Modi's leadership. Key sectors, including PSU banks, energy, realty, and financial services, saw gains of 3-5%, boosting the BSE market capitalization by over Rs 11 lakh crore.

Indian stocks hit record highs on exit polls favoring Prime Minister Narendra Modi's government for a third term. The NSE Nifty 50 jumped 2.65% to 23,129.35 points, and the S&P BSE Sensex rose 2.62% to 75,903.97 points by 9:33 a.m. IST, with both indices opening over 3.5% higher. Financials and public sector banks led gains, up 3% and 4.4% respectively, while energy and oil & gas sectors also surged around 4%. Small- and mid-cap stocks, focused on domestic markets, saw a 3% rise each. Analysts believe the market's optimism stems from expectations of policy continuity and economic growth under the current government.

The stock market surged dramatically after exit polls predicted a significant victory for the BJP in the upcoming elections. The Sensex opened over 2,000 points higher in pre-market trade, reaching a record level. Investors reacted positively to the anticipated political stability, driving the market to new heights. The rally reflects optimism about continued economic reforms and growth prospects under a BJP-led government. This sharp rise underscores the market’s sensitivity to political outcomes and their potential impact on the business environment.