Live Stock Market Update: Nifty surpasses 23,200, Sensex gains 2300 points
Stock Market Live Update: PSU stocks continued to be a focus today due to optimistic market sentiment, which caused the PSE and PSU Bank indexes to rise.
Live stock market data and news on shares: Frontline equity indexes Sensex and Nifty 50 resumed their bull run on Monday, June 3, a day before the nation awaits election results, supported by positive market confidence.
The Nifty 50 advanced 3.58 percent, or 807.20 points, higher at 23,337.70, while the Sensex traded 2,621.98 points, or 3.55 percent, higher at 76,583.30, marking the opening of the domestic indices at a record high. In a same vein, exit polls that indicated a resounding majority for the Modi government led to Nifty Bank opening above 50,000 for the first time ever.
The benchmark 10-year yield on Indian government bonds fell slightly, closing at 6.9541 percent after previously closing at 6.96 percent at 1 pm. Every section
As a result of China's manufacturing activity growing at its quickest rate in over two years, according to a private poll, Asian markets ended the day higher. According to the Caixin poll, the manufacturing PMI in the second-biggest economy in the world increased from 51.4 in April to 51.7 in May. The Nikkei of Japan increased by 435.13, or 1.13 percent, to 38,923.13, while the Kospi of South Korea increased by 46.10 points, or 1.74 percent, to 2,682.52.
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