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Sensex Rallies Over 600 Points After Huge NDA Victory

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Indices continued to rise higher in trade today after the phenomenal victory of the NDA-led BJP government, with Nifty and Sensex rallying 188.25 (+1.61%) and 623.33 (+1.61%) in trade today, to close at 39434.72 and 11845.30, respectively.

Also, in intra-day today, banking names continued to lead the rally, Nifty Bank index gained as much as 2% and Nifty PSU Bank index surged 5%.

Sensex Rallies Over 600 Points After Huge NDA Victory
 

Gainers in the pack include stocks such as SBI, ICICI Bank, IndusInd Bank, Axis Bank

OMCs rally up to 5% as crude oil price head for their highest weekly fall this year, while there was a rebound in crude oil price, the US-China worries capped any gained. Also, Iranian sanctions continue to weigh on the commodity.

Aviation sector stocks such as Indigo, Spicejet also rallied in trade today after crude oil fell sharply.

Shares of Inox Leisure also hit a 52-week high following surge of 9%.

Also, on the sidelines, Jet Airways shares cracked 8% as Hinduja Brothers group deal seem to not materialise.

Rupee also is on the winning stride, gaining as much as 36 paise to trade at 69.65 at around 2:20 pm.

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