Sensex gained enormously at 900 points after exit poll forcast
May 20, 2019
Stock benchmark indices surged high in the opening trade to an extent upto 900 points
following exit poll forecast. Majority of the exit-polls have predicted a clear
majority for the ruling NDA govt.
around 9.55am, the Sensex was seen trading at 38,725 points, up near 800 points,
while the Nifty50 demonstrated 240 points in trade. Almost all of the stocks
in the Nifty pack gained in trade.
the sectoral indices, except IT index which marginally lower by 0.22%, are witnessing
buying pressure, where Nifty PSU Bank being the top index gainer up by 4.17% 3,072-levels,
followed by Nifty Reality, financial services, Auto, Banking and metal indices are gaining upto 3% higher
gainers in the Nifty50 were Indiabulls housing, SBI, L&T, Maruti Suzuki and
ICICI Bank whereas Dr. Reddy’s, Zeel, TechMahindra, Bajaj Auto and Infosys were
PSU bank index surged 4.22% with major gains in Syndicate, Bank, Canara Bank,
PNB, Oriental bank, Allahabad bank and Bank of India with rose between 4 to 5%
the Indian currency rupee also gained sharply in trade and was last seen
trading at 69.56, against previous closing of 70.22.
Crude Oil prices surged by 1% with Brent crude futures were at USD73.25/bl, up 1.04%from their last close.