Download
Mobile App

android apple
signal

June 8, 2024 5:16 PM

printer

Market gains 3% amid high volatility

Indian market wiped-out previous week’s losses and gained more than 3 percent amid extreme volatility led by BJP-led NDA did not receiving a clear mandate as expected in exit polls.

 

However, the market rebounded strongly, and went to all-time high after RBI raised the growth forecast for FY25.

 

The investor sentiments also get uplifted after the news of BJP-led NDA going to form the new government under Narendra Modi for the third time in a row.

In this week, BSE Sensex gained 2,732 points or 3.69 percent to close at 76,693, while Nifty50 index rose 759 points or 3.37 percent to finish at 23,290.

 

During the week, BSE Sensex hit fresh all-time high of 76,795 while Nifty also inched near to its record high of 23,338.

The BSE Small-cap index advanced three percent and BSE Mid-cap Index rose three percent.