Share Market Live Updates 5 June: The domestic stock market, which suffered a huge fall due to the Lok Sabha election results and recorded its worst day in more than four years, may be back on the bullish track today. If we talk about global signals today, there was mixed trading in Asian markets, while American stock markets closed at higher levels. Gift Nifty has also strengthened.
Let us tell you that investors were in tension after the Bharatiya Janata Party failed to cross the half mark in the lower house of the Parliament and failed to get a clear majority. However, the BJP-led NDA has secured only a marginal majority to form the government at the Centre.
auspicious was inauspicious
There was a panic in the Indian stock market after the results of the Lok Sabha elections on Tuesday were less than predicted by the exit polls. The Sensex fell 4,389.73 points or 5.74% to 72,079.05, while the Nifty 50 fell 1,379.40 points or 5.93% to 21,884.50.
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what will happen today
Lok Sabha Election Result 2024 The ruling BJP missed out on absolute majority in the lower house of the Parliament. However, Prime Minister Narendra Modi will historically return to power for the third consecutive time. The BJP-led National Democratic Alliance (NDA) won about 295 seats, more than the 272 required for the alliance to form the government.
Gift Nifty: GIFT Nifty was trading at 22,040 levels, about 130 points above the previous close of Nifty futures, indicating a good opening for Indian stock market indices.
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Asian Market: Japan’s Nikkei 225 fell 1.14%, while the Topix lost 1.4%. South Korea’s Kospi rose 0.63% and the Kosdaq gained 0.21%. Hong Kong’s Hang Seng index futures indicated a weak start.
wall Street: The Dow Jones Industrial Average rose 140.26 points, or 0.36%, to 38,711.29, while the S&P 500 rose 7.94.
