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Benchmark indices gave a
big salute to Narendra modi victory i.e gained over 1,300 points from its
intraday high as investors booked profits at higher levels that saw Sensex and Nifty hitting 40,000 and 12,000 levels, respectively, over optimism
surrounding the National Democratic Alliance (NDA's) likely return to power
after the 2019 Lok Sabha election.Sectorally, all the indices on NSE,
except Nifty Media and Realty, settled lower
at the day's end, with Nifty FMCG bleeding the most 1.7 per cent, followed by
Nifty Metal 1.48 per cent. The Nifty Bank index, which hit 31,000-level earlier
in the day, dipped 118 points to 30,409 levels.
BUZZING STOCKSIndusInd
Bank shares surged 8 per cent to Rs 1,640 in early trade on Thursday on the BSE
before ending the day 5 per cent higher on expectation that the bank would
return to normalcy in terms of earnings momentum after the entire exposure to
IL&FS was classified as non-performing asset (NPA) in the fourth quarter of
fiscal 2018-19. Shares of Adani Group companies surged up to 14 per cent
intra-day on the BSE on Thursday as trends showed the Narendra Modi-led
National Democratic Alliance (NDA) leading the vote counts for the 2019 Lok
Sabha election. Bank of Baroda rallies 10% after cutting losses in Q4 Stocks in the news: BoB, HDFC Bank, Thermax,
Biocon, Cummins, Bodal Chemicals, GSFC PRIDX sells Dish TV shares worth Rs 35 crore, Nomura Singapore
buys stake in Vikas Multicorp
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