Sensex shoots up 623 points, Nifty ends above 11,800 day after strong mandate for PM Modi

NEW DELHI: Equity indices finished in green on Friday, a day after Prime Minister Narendra Modi-led BJP retained power with an absolute majority in the Lok Sabha elections.

The benchmark BSE sensex soared 623.33 points or 1.61 per cent to close at a record high of 39,434.72, while the broader NSE Nifty rose 187.05 points or 1.60 per cent to end at a fresh lifetime high of 11,844.10.

During the week, which remained abuzz with news revolving around the Lok Sabha poll results, the 30-share BSE Sensex rose over 1,503 points and the broader Nifty gained 437 points.

Top gainers on the BSE index include ICICI Bank, Vedanta, Bharti Airtel, LT, Tata Motors, Tata Steel, SBI, M&M, Hero Motorcorp, IndusInd Bank, and Bajaj Finance surging as much as 5,24 per cent. 28 out of 30 stocks ended in green.

While, NTPC and ONGC slipped as much as 0.12 per cent.

On NSE, all sub-indices ended in green with Nifty PSU Bank and Realty surging the most, up as much as 5.59 per cent.

In the broader market, small-cap and mid-cap indices outperformed the benchmark sensex. BSE Smallcap index soared 2.43 per cent, midcap climbed 2.09 per cent and largecap advanced 1.61 per cent. Overall, 1,827 stocks advanced and 695 declined on the BSE.

Asian stocks ended mixed on Friday as investors globally remained cautious over the ongoing trade tussle between the US and China.

(With agency inputs)