The Indian stock market opened on a robust note on Thursday, buoyed by the NDA's unanimous decision to nominate PM Narendra Modi for a third term. Modi is set to take his oath as prime minister on Saturday. This announcement significantly lifted investor sentiment, leading to a noticeable rally in the market.
The BSE Sensex surged by 378.59 points, opening at 74,804.68, while the NSE Nifty rose by 105.65 points, starting the day at 22,726.00. This positive momentum was reflected across various sectors, with 29 of the Nifty companies advancing and 21 declining.
Market Movers Among the top gainers were companies such as NTPC, SBI, ONGC, Coal India, and Power Grid. These stocks led the charge, contributing significantly to the indices' overall positive performance.
Conversely, Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India were among the top losers, facing declines amidst the broader market rally.
This story is from the June 07, 2024 edition of The Business Guardian.
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This story is from the June 07, 2024 edition of The Business Guardian.
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