New Delhi: The Sensex on Friday closed at 76,693.36, up 1,618.85 points, or 2.16 per cent. The 30-share index has recovered from the lows of Tuesday, June 4, 2024, when the stock market nosedived after the BJP was seen securing less than the 272-seat simple majority mark, indicating that the NDA will play a crucial role in government formation.
Now, with the NDA government set to take oath on June 9, 2024 with Narendra Modi set to become Prime Minister for the third straight term, the Sensex is back above the highs seen on June 4, 2024.
Social media platform X user, Rahul Roushan took to the website to share that the “Sensex is back to the high point it had reached after Exit Polls. So basically, markets don’t think this is a ‘weaker’ Modi govt,” reiterating the sentiment witnessed by market watchers over the past week.
Sensex is back to the high point it had reached after Exit Polls. So basically, markets don’t think this is a ‘weaker’ Modi govt pic.twitter.com/wKeqr3ubhL
— Rahul Roushan (@rahulroushan) June 7, 2024
Sensex closing on June 7
On the 30-share Sensex, M&M, Wipro and Tech Mahindra were top gainers. All 30 shares closed in green on Friday.
Reliance Industries, Infosys, and M&M were the top index contributors.
The BSE MidCap and SmallCap indices closed 1.28 per cent and 2.18 per cent higher on Friday. Among BSE sectoral indices, TECK, IT and telecom were the top gainers.
Sensex historical
The Sensex was up 0.90 per cent in the past 5 days
The benchmark index gained 4.39 per cent over the past month
The Sensex gained 9.84 per cent over the past 6 months.
It was up 22.03 per cent year-on-year
Sensex this week
The 30-share Sensex closed at 76,748.78, up 2,507.47 points on Monday.
The benchmark index declined 5.7 per cent to 72,079.05 on Tuesday.
On Wednesday The Sensex surged 2,303.19 points to 74,382.24.
On Thursday, the stock market gained 692.27 points to close at 75,074.51.
The Sensex on Friday closed at 76,693.36, up 1,618.85 points, or 2.16 per cent, reposing confidence in Modi 3.0, up from the lows of Tuesday, June 4, 2024, when the key index crashed on fears that the BJP-led NDA may face hurdles in government formation. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
