Market

Sensex scales 40,000 peak, Nifty breaches 12,000 for first time as polls show Modi returning to power

Updated : May 23, 2019 10:51 AM IST

NSE Nifty50 and S&P BSE Sensex create a record high. Nifty50 crossed 12,000 mark and Sensex touched 40,000 on Thursday backed by the Lok Sabha election results 2019, with BJP returning to power for the second five-year term.

At 10:30 am, Nifty50 was at 12,000, up 2.25 percent or 265 points . Meanwhile, Sensex was up 896 points or 2.30 percent at 40,000.

In last one year, Nifty has risen 14 percent and 10 percent YTD (Year-to-date). Sensex has surged 16 percent in last one year and 10 percent YTD.

Sensex scales 40,000 peak, Nifty breaches 12,000 for first time as polls show Modi returning to power

Indian stocks hit record highs on Thursday, with the Nifty50 index topping key 12,000 mark while the S&P BSE Sensex breached 40,000 level for the first time.

Risk appetite improved after the Lok Sabha election results signalled a second term for Prime Minister Narendra Modi.

Modi's Bharatiya Janata Party (BJP) appeared to have matched predictions and, with existing allies, were leading in as many as 300 of the 543 elected seats of India's lower house.

The Congress party, which has been in power for all but 23 of the last 72 years, appeared to be heading for another lower tally, after its dismal showing in 2014, leading in 96 seats.

At 10:30 am, Nifty50 was at 12,000, up 2.25 percent or 265 points . Meanwhile, Sensex was up 896 points or 2.30 percent at 40,000. India VIX (Volatility Index) was down 27 percent to 19.98.

Nifty50

Sensex

In the last one year, Nifty has risen 14 percent and 10 percent. Sensex has surged 16 percent in the last one year and 10 percent YTD.

Both indices began their rally from November 2018, 5 months ahead of the 2019 Lok Sabha elections.

Catch all the latest and live updates here on CNBC TV18 Market Live Blog.

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more