After Modi’s swearing in, Sensex jumps over 250 points, cosses 40,000 mark


New Delhi, After PM Modi’s swearing-in ceremony, domestic stock markets started session on a higher note, The S&P BSE Sensex rose as much as 253.55 points to 40,085.52 in early trade, and the NSE Nifty index climbed to 12,022.10, up 76.2 points from the previous close. Strength in financial, information technology and metal stocks supported the markets.

At 9:20 am, the Sensex traded 189.18 points – or 0.47 per cent – higher at 40,021.15, while the Nifty was up 58.05 points – or 0.49 per cent – at 12,003.95.

Top gainers on the 50-scrip benchmark index at the time were BPCL, Bharti Airtel, Coal India and Indian Oil, trading between 3.55 per cent and 4.42 per cent higher.

HDFC Bank, TCS and Larsen & Toubro contributed the most to the advances in Sensex.

The government is due to release the GDP data for the final quarter of financial year 2018-19.

Equities in other Asian markets slid at first but soon drew month-end bargain hunting having suffered a torrid few weeks.

The Sensex and Nifty had ended 0.84 per cent and 0.71 per cent higher respectively, resuming their record breaking spree after a day’s pause.