The stock market started flat on Wednesday before the results of the Lok Sabha elections. However, after a few minutes, the roar returned to the market. In the initial minutes of the business, the Sensex has been trading at a level of 39,120 with an increase of more than 150 points. On the Nifty, it crossed the 11,730 level with a rise of 25 points.
In the initial minutes, shares of ICICI Bank, ONGC, HCL, HDFC, and Reliance were seen trading with an increase. In the last few months, shares of Yes Bank, IndusInd Bank, ITC, HUL, Tata Motors, and Bajaj Finance were broken.
Earlier on Tuesday, there was a historic day for the stock market. In the initial trading, the Sensex crossed the 39570 marks. This is the first time in the stock market history when the Sensex has recorded such a big margin. But in the last hour of the sell-off, the Sensex dropped 383 points to 38,970, while the Nifty touched 119.15 points at 11,709 points.
The biggest fall on Tuesday was in the Tata Motors shares. Due to losses in quarterly results, the share of Tata Motors was more than 7 percent broken. Explain that Tata Motors has an integrated net loss of Rs 28,724 crore in the entire financial year 2018-19, compared to Rs 9,000 crore in the previous financial year.
The Sensex closed at the end of the trading session at 1,39,352 with a rise of 1421 on Monday due to the expectations of the NDA government's return to the exit poll. The Sensex closed at the 10-year high level. The Nifty rose 421 points to level at 11,828.
In the meantime, on Wednesday, the rupee started with a modest increase. Rupee recovers 3 paise against dollar at 69.68 rupees On Tuesday, the rupee closed at two paise against the US dollar at 69.72 against the dollar. On Monday, the rupee had closed 49 paise to close at 69.74 against the dollar.