Exit Poll Results 2019 LIVE: NDA set to form next govt as News18-IPSOS survey predicts massive victory
Live updates of the 2019 Lok Sabha election exit poll results. Counting of votes will happen on May 23
Market Close: Exit polls have predicted a comfortable victory for the BJP-led NDA, which helped the benchmark indices end at a record closing high. Both the indices posted a biggest single session gain since 2009.
At close, the Sensex was up 1,421.90 points or 3.75% at 39352.67, while Nifty was up 421.10 points or 3.69% at 11828.30. About 2013 shares have advanced, 613 shares declined, and 155 shares are unchanged.
Indiabulls Housing, IndusInd Bank, Adani Ports, SBI and Tata Motors were among major gainers on the Nifty, while losers were Dr Reddy’s Labs, Zee Entertainment, Bajaj Auto, Tech Mahindra and Infosys.
All the sectoral indices ended in green led by PSU banks, infra, auto, energy, FMCG, metal and pharma.
D-St Buzz: PSU banks surge led by SBI, BoB; HDFC hits 52-week high, RIL jumps 4%
The breadth of the market favoured the advances as 1466 stocks advanced and 306 declined while 340 remained unchanged on the NSE. On the BSE, 1933 stocks advanced, 634 declined and 157 remained unchanged.
TV Today Q4: Net profit down 38% at Rs 20.2 crore versus Rs 32.6 crore, revenue down 8.6% at Rs 165.7 crore versus Rs 181.1 crore, YoY.
Eicher Motors got notice on lawsuit in US against Royal Enfield for patent infringement, reviewing complaint: CNBC-TV18
Market Update: The benchmark indices are trading strong in the afternoon trade with Nifty inching towards the all-time high.
The Sensex is up 1,304.59 points or 3.44% at 39235.36, and the Nifty up 383.30 points or 3.36% at 11790.50. About 1895 shares have advanced, 591 shares declined, and 133 shares are unchanged.
Nifty Bank has touched its all-time high 30,779.90.
GSK Pharma Q4: Net profit up 16.5% at Rs 123 crore, revenue down at Rs 751.2 crore and EBITDA up 5.6% at Rs 163.5 crore, YoY.