Stock Market Live: Sensex nears intraday high, up 2,200 points, Midcap index up 3%, smallcap up 2% | Market News

Shares of capital goods companies were on an upward trend, with the S&P BSE Capital Goods index rising 6.4% to 74,550 in intraday trade on Monday.

Notably, the index recorded its sharpest intraday gain in the last four years. Prior to this, on March 26, 2020, the BSE Capital Goods index surged 7.6% in intraday trade.

Although Donald Trump last week became the first former president to be convicted of a felony, Wall Street still believes he has a strong chance of winning the November election and is predicting how a second term for the Republican candidate could affect markets.

India’s main stock index, the Nifty 50, rose above 23,000 points and the BSE Sensex surpassed 76,000 at the open on Monday after exit polls for the 2024 Lok Sabha elections pointed to a comfortable victory for the BJP-led NDA. Investors are optimistic that the Modi government will continue to invest in infrastructure and manufacturing to sustain economic growth. read more

My heart is filled with so many experiences and emotions… I feel an endless flow of energy within me. The 2024 Lok Sabha elections are the first for ‘Amrit Kaal’. I began my campaign a few months ago from Meerut, the site of the first war of independence in 1857. Since then, I have crisscrossed our great country. The last of these election rallies took me to Hoshiarpur in Punjab, the land of a great guru and associated with Sant Ravidas. I then came to Kanniyakumari, at the feet of Maa Bharti. read more

The rupee rose 38 paisa in early trade on Monday to hit a three-month high of 83.04 against the US dollar, helped by robust domestic equity markets following strong macroeconomic data and exit poll results pointing to a third term for Prime Minister Narendra Modi’s government.

The final HSBC India Manufacturing Purchasing Managers’ Index compiled by S&P Global fell to 57.5 from 58.8 in April, below the preliminary forecast of 58.4. read more

Affected traders took to social media to share their frustration over Zerodha’s technical issues. One user commented, “In my opinion, don’t trust Zerodha on Mondays. Glitches after weekends are common. #Zerodha #CDSL #Trading.” read more

The drop in the Indian market volatility index came after exit polls conducted on the evening of June 1, 2024 showed the BJP-led NDA alliance winning a clear majority, winning an average of 370 seats as against 353 in 2019. read more

Twelve exit polls conducted by various agencies and media organisations predicted the NDA’s number of seats to be between 316 and 400. The exit poll results were announced on Saturday, after the final phase of the seven-phase elections that began on April 19 concluded. read more

The Nifty Bank index rose 4.09% to hit an all-time high of 50,990 on Monday. However, the index is now backing down from the highs. read more

Adani stocks to watch: Shares of Adani Group companies surged as much as 16 per cent in intraday trade on the BSE amid heavy trading volumes on Monday, following a broad-based market rally on higher demand.