Closing Bell on Monday, June 3, 2024: Indian benchmark indices — BSE Sensex, and Nifty50 — clocked their biggest one-day rally ahead of Lok Sabha elections results since 2009.
The 30-stock Sensex index zoomed 2,507 points, or 3.4 per cent, to end at 76,469 levels, while the Nifty50 jumped 733 points, or 3.25 per cent, to close at 23,264. The last time the benchmarks logged their biggest single-day rally ahead of election results was in 2009, when they jumped 2.46 per cent. Among individual stocks, SBI was the top gainer on the Sensex index, soaring nearly 10 per cent. This was followed by NTPC, Power Grid, L&T, Axis Bank, RIL, Ultratech Cement, and M&M.
The benchmarks also hit their respective record highs of 76,739 and 23,338, respectively.
In the broader markets, the BSE MidCap, and SmallCap indices climbed 3.54 per cent and 2.05 per cent, respectively. Among sectors, the Nifty PSU Bank index jumped over 8 per cent, the Nifty PSE index 7.8 per cent, and the Nifty Realty 6 per cent.
