Live updates: Sensex hits 25,000 points as markets Modi (fied)

Commentary

oi-Sunil

By Sunil Fernandes

Published: Friday, May 16, 2014, 9:48 [IST]

The Sensex and the Nifty powered ahead in trade today as early leads indicated a clear majority for the Narendra Modi led BJP, setting the stage for the NDA to form the next government.

The Sensex surged a staggering 1022 points, to hit a new record of 25,004 points, while the Nifty was trading a huge 360 points higher as counting for elections 2014 were mid way.

9:15 am: Sensex opens and hits a new record 24,968 points. Just 32 points shy of 25,000 points.

9.32 am: Adani Group stocks continue to be in the limelight with Adani Power, Adani Ports and Adani Enterprises gaining in trade.

9:45 am: Sensex hits a new record of 25,000 points. Frenzied buying seen in infra stocks like GMR Infra, Gammon Infra and L&T.