Connect with us

Business

Sensex zooms 1,100 points after exit poll results of Lok Sabha polls

Published

on

Sensex, Bombay Stock Exchange, National Stock Exchange, Exit poll results, Lok Sabha elections, Lok Sabha polls, General elections, SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel, Bajaj Finance, Business news

Mumbai: The benchmark BSE Sensex zoomed past the 39,000 mark, rallying over 1,100 points, in afternoon trade on Monday as investors cheered exit poll results that showed the ruling NDA is likely to win the general elections.

The 30-share index was trading 1,114.42 points, or 2.94 per cent, higher at 39,045.19. In similar movement, the broader NSE Nifty soared 326.80 points, or 2.86 per cent, to 11,733.95.

 

Sensex, Bombay Stock Exchange, National Stock Exchange, Exit poll results, Lok Sabha elections, Lok Sabha polls, General elections, SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel, Bajaj Finance, Business news

 

Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising up to 7 per cent.

On the other hand, Bajaj Auto and Infosys slipped up to 1 per cent.

Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to comfortably cross the majority mark of 272 in the Lok Sabha.The results of the seven-phase polls will come out Thursday.

 

Sensex celebrates exit poll results of Lok Sabha polls by zooming 1,100 pts:

 

“The rise in main indices is justified considering the numbers that have come in the exit poll,” said Rusmik Oza, Head of Fundamental Research, Kotak Securities.

Expect Nifty 50 to retest the recent high of 11, 850 before May 23. Break out into a new zone would depend on whether BJP on its own is able to secure more than half the seats, Oza added.

 

Sensex, Bombay Stock Exchange, National Stock Exchange, Exit poll results, Lok Sabha elections, Lok Sabha polls, General elections, SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel, Bajaj Finance, Business news

 

Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election related events lined up.

On the currency front, the rupee appreciated by 68 paise to 69.54 against the US dollar. Brent crude, the global benchmark, was trading at 73.22 per barrel, higher by 1.40 per cent.

 

Business

Amazon Great Indian Festival sale starts from september 29th

Published

on

By

India’s favourite e-commerce portal, Amazon India, has just announced the biggest retail event of the year Amazon Great Indian Sale. The dates of this 6-day shopping extravaganza have been announced. The sale will go live on 29th September 2019 and end on 4th October 2019. Prime members will get a 12-hour early access to the sale. For them, Amazon Great Indian Festival Sale 2019 will commence on 28th September at 12 PM. Amazon has unveiled a few of the best offers that will be up for grabs. During the course of this five-day shopping extravaganza, Amazon India will provide jaw-dropping Amazon Great Indian Sale offers, deals, and discounts on purchases made from Amazon India’s e-commerce platform.

The company is offering a plethora of discounts such as up to 40% off on “latest and best smartphones of 2019” which include 15 new smartphones and accessories; up to 90% off on fashion with over 1200 top brands; up to 80% off on more than 50,000 home and kitchen products; and up to 75% off on home appliances.

In addition to discounts, Amazon will also be offering festive cashback offers on Amazon Fashion, combo offers on books, gaming and toys and the opportunity to save more using Amazon coupons on daily essentials. Kitchen and home products will be listed at the “lowest ever prices” with free installation. Moreover, more than 11,000 products by Amazon brands will be listed on sale.

Continue Reading

Trending