Stock Market Today: Nifty 50, Sensex clock robust gains; investors richer by about ₹6 lakh crore in a day
General Elections 2024 and the country will see a stable government. General election is a key trigger for the market and analysts are of the view that the state election outcome has strengthened the expectations that the ruling BJP will be able to win next year's election.
This will mean the continuation of policies and reforms that the government has initiated. Nifty 50 hit its fresh record high of 20,702.65 while the Sensex made its fresh peak of 68,918.22 during the session.
Finally, Nifty 50 closed at 20,686.80, up 419 points, or 2.07 per cent while the Sensex closed with a gain of 1,384 points, or 2.05 per cent, at 68,865.12. The BSE Midcap and Smallcap indices also hit their fresh highs of 35,124.23 and 41,221.91 respectively.
Eventually, the BSE Midcap index closed 1.19 per cent higher at 34,999.76 while the Smallcap index ended 1.20 per cent higher at 41,051.01. (More to come)Milestone Alert!
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