Sensex, Nifty Pull Back From Record Highs
Real journalism holds power accountable
Since 2015, The Wire has done just that.
But we can continue only with your support.
New Delhi: Indian shares ended lower on Thursday, after hitting record highs earlier in the session as Prime Minister Narendra Modi scored a thumping victory in the general elections.
Modi's Bharatiya Janata Party was leading in 299 of the 542 seats contested in the lower house of the parliament as of 10:13 GMT, official data from the Election Commission showed.
The benchmark Sensex closed down 0.76% at 38,811.39, with investors booking profits after it crossed 40,000 for the first time ever.
The broader Nifty ended 0.69% lower at 11,657.05, having eclipsed 12,000 earlier in the session.
The Nifty rose 64.8% during Modi's first term through Wednesday's close, and the Sensex gained 63.6%.
Adani Ports and Special Economic Zone and Zee Entertainment Enterprises were the top percentage gainers on the Nifty, closing up over 5% each.
Vedanta Ltd closed down 5.4%, while Eicher Ltd settled 4.3% lower.
(Reuters)
This article went live on May twenty-third, two thousand nineteen, at six minutes past six in the evening.The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.