State election results boost stock market momentum at record high. Stock Market at record high following the strong victory for the Bhartiya Janata party in state assembly poll in Madhya Pradesh, Chhattisgarh and Rajasthan.
Further, nifty bank index record peak on the BJP’s performance in the state elections. BJP’s Hetrick in the three states shows the underlying sentiments of the people of India. I think people voted for the political stability. There are state government elections in few states and central government election may 2024 will help the BJP.
| Nifty 50 20686.80 536.2 (2.07%) | Sensex 68865.12 1383.93(2.05%) ⬆ |
| Nifty Bank 46431.40 1617.20 (3.61%) ⬆ | Nifty Midcap 100 43918.60 536.20 (1.24%) ⬆ |
11 of 13 major sector hit new all time high on Monday. Financial services jump up 3.23% and energy stock rise up 2.61%. The indexes account for about 46.5% weighted in nifty 50 index.
- Market is at record high, set for biggest 1-day gain in 9 months.
- Midcap index hits record high for 12 consecutive session.
- Nifty bank will still 400 points away from record high.
- All sectoral indices are in the green, rise upto 4%.
- Adani Group stocks see healthy gains, stocks gains upto 10%.
- Market cap of Adani Group stocks back at Rs. 12 lk crore, highest since Jan 31.
Further, Nifty will grow further before Lok Sabha election may 2024.
