Stock Market Today: The exit poll results of the Lok Sabha elections have pushed the stock market to new highs. Today the stock market is witnessing a tremendous boom. The BSE Sensex opened at 76,583, up 2,621.98 points or 3.55 percent. NSE’s Nifty opened at 23,337.90, up 807.20 points or 3.58 percent. Both these indices are at their highest levels, indicating bullishness in the stock market.
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Bullish Signal In Pre Opening Itself
In the pre-opening itself, Sensex saw a jump of 2000 points. At that time, it became clear that after the exit poll, the market will see a tremendous boom today. The Sensex was trading at 76,557, up 2,596 points or 3.51 percent. NSE’s Nifty was up 806.90 points or 3.58 per cent at 23,337.60.
Exit Polls And The Stock Market Today
A similar surge in the stock market was seen in 2019 as well, when exit polls predicted a BJP victory in more than 300 seats. A rise of 1.45 percent was seen in the market then. This time too the exit poll findings have created tremendous excitement in the market.
Gift Nifty Also New Record
Gift Nifty also hit new record highs today. GIFT Nifty was seen up 823.50 points or 3.62 percent at 23,524.50 before pre-opening. Gift Nifty has gone above 23,500 for the first time, giving big signals for the market.
- GIFT Nifty – 823.50 points
- High – 3.62%
- At – 23,524.50
Next Market Steps
However, it is not yet clear whether this market boom will last forever or not. This bullishness is mainly based on exit poll results. Actual election results and other factors in the economy will also be important. If the predictions of the exit polls are correct then this bullishness in the market can be seen further.
Tips for Investors
Amidst such a boom, investors should also pay attention to certain factors. Sometimes there can be relief in the midst of booms in the market. Therefore, long-term investors should reassess their portfolios and make decisions keeping in mind the potential risks and returns.
Conclusion
In Stock market today, is a historic day for the Indian stock market. The exit poll findings sent Sensex and Nifty to new highs. Now the actual election results and global and local factors will determine the stock market direction in the coming days. However, today’s bullish day will be long remembered by investors.
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