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- Stock Market Election Result Update; BSE NSE Nifty Sensex | Share Market
Mumbai10 minutes ago
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Today, on the last trading day of the week i.e. 7th June, the stock market is witnessing a boom. Sensex is trading at the level of 75,330 with a rise of more than 250 points.
At the same time, there is an increase of 100 points in Nifty, it is trading at the level of 22,920. Out of 30 Sensex stocks, 20 are showing a rise and 10 are showing a decline.
Rise in all sectoral indices of NSE
Talking about NSE’s sectoral index, growth is being seen in all sectors including Metal, PSU Bank, Auto, Financial Services, Media, FMCG and Pharma. The IT sector has the highest growth of 1.90%.
Shares linked to Telugu Desam Party rose more than 34%
- Shares of two companies linked to Telugu Desam Party of Andhra Pradesh, Heritage Foods and Amara Raja, have increased by more than 34% in the last three days. Today Heritage Foods shares are trading at Rs 628 with a rise of 4.47%. At the same time, the shares of Amara Raja Energy are also up by 4.98%.
- Amara Raja’s MD Jai Dev Galla is a former MP from the party, while the promoter of Heritage Foods is Nara Lokesh, son of party chief Chandra Babu Naidu. Heritage Group was founded in 1992 by Chandrababu Naidu. This company works in dairy, retail and agri segments.
- Telugu Desam Party has won the assembly elections. This party is part of NDA. This party has an important role in the formation of the new central government. Telugu Desam Party has secured 16 seats in the Lok Sabha elections.
American markets closed flat
Flat trading was seen in the American market on Thursday. Dow Jones rose 79 points to close at 38,886. At the same time, Nasdaq and S&P 500 indices closed with a slight decline. The Nasdaq fell 14 points to 17,173 and the S&P 500 index fell 1 point to 5,352.
FIIs sold ₹6,868 crore yesterday
Foreign institutional investors continued their selling on Thursday, selling Indian shares worth ₹6,867.72 crore. Whereas, Domestic Institutional Investors bought shares worth ₹3,718.38 crore.
There was an increase in the market yesterday
Earlier yesterday i.e. on 6th June, Sensex had seen a rise. The Sensex closed at 75,074 with a gain of 692 points. There was an increase of 201 points in Nifty also. It closed at the level of 22,821. The midcap index rose by 2.28% and the smallcap index rose by 3.06%.
Out of 30 Sensex stocks, 23 gained and 7 declined. At the same time, tech, government bank and realty stocks had the biggest rise. Tech Mahindra shares were the top gainer, rising 4.43% to close at Rs 1,323. All 10 shares of Adani Group closed with gains.
Rahul Gandhi demands investigation into market fall on Lok Sabha election day
In a press conference on Thursday, Rahul Gandhi called the fall of the stock market on June 4, the day of results, as a big scam. He has demanded a JPC (Joint Parliamentary Committee) investigation.
On Rahul’s allegation, BJP leader Piyush Goyal said, ‘It is certain that Modi government will come once again. Rahul Gandhi seems upset by this. People are saying not to invest. Indian investors did not suffer loss but profited from the buying and selling of June 1st and June 4th. Click to read full news…
