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Sensex pares gains further after touching 40,000; Nifty near 11,800
Sensex pares gains further after touching 40,000; Nifty near 11,800

Share Market Live Lok Sabha Election Result 2019, May 23 (TIWN): After hitting the 40,000-mark for the first time ever on NDA’s lead, the Sensex pared gains on Thursday afternoon. The Sensex is down about 800 points from the day’s high to 39,380.04, while Nifty is trading at 11,827.10. Interestingly, the Sensex and Nifty have surged to fresh peaks in very quick succession.

On Tuesday, the Sensex had hit 39,571.13 buoyed by exit poll results over the weekend. The Nifty had hit a record of 11,883.55. Today, the Sensex touched a new all-time high of 40,124.56, while the Nifty touched a fresh peak of 12,041.15. The surge in the shares comes even as trends indicate that the Narendra Modi-led NDA could get its biggest mandate since 1984.

“Markets were looking for stability, continuity and strong leadership rather than a fractured mandate – this has led to the new high. We believe India allocation from global funds will increase and more ETF flows are likely over the short term that could drive the markets even higher,” B Gopkumar, ED and CEO, Reliance Securities told Financial Express Online. We bring to you LIVE updates.
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