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Sensex, Nifty hit new Highs, Market cheers as BJP leads

India’s stock market on Thursday moved on extremely bullish with the Sensex and Nifty crossing 40,000 and 12,000-marks respectively, after poll counting indicated that BJP and its allies are leading over rivals. The market responses reportedly have the potential to increase a 10pc index gain over the course of the next ten months

During, mid-morning session at around 11.30am, the Sensex scaled at 39,552-level up by 442.74points. Among the top gainers on the Sensex were YesBank, IndusInd Bank, SBI and L&T. Among the loser were Vedanta and ITC TCS, Sun Pharma and Bajaj Auto.

On the NSE, Adani Ports, IndusInd Bank, Yes Bank, SBI, and L&T were the top gainers, while DrReddy, Vedanta and  Hindalco were at the front oflosers.

All sectoral indices on the NSE were witnessing buying pressure with the Nifty PSU Bank gaining over 6pc followed by Nifty Bank and Realty indices, which were up 3pc each.

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