PSU Stocks Rose Today : With the indication of the return of Modi government at the center once again, the stock market is witnessing a record-breaking rise today. Today both Sensex and Nifty reached their all-time high. Sensex rose by more than 2500 points, while Nifty also crossed 23300. The PSU index has contributed a lot to this rally; BSE PSU index is trading around the level of 22200 today, gaining more than 1300 points or about 6.50 percent (Rally in PSU Stocks). Most of the stocks included in the index have strengthened by 6 to 10 percent. Let us tell you that most of the exit polls after the elections are indicating the return of Modi government with a huge majority.
Today’s Top Gainers PSU Stocks
PFCs : 11%
REC : 11%
Power Grid Corporation: 10.50%
Hindustan Petroleum: 8.74%
Bank of Baroda : 8.33%
BPCL : 7.74%
: 7.50%
NTPC : 7.24%
GAIL : 7.17%
Engineers India: 7%
HUDC : 6.46%
BEL : 6.38%
Nifty PASU Bank gains 6%
In today’s trading, the Nifty PSU Bank index is seeing a gain of 440 points or about 6 percent. Today, Bank of Baroda included in the index is seeing a gain of about 9 percent, Central Bank of India is seeing a gain of 6.88 percent, SBI is seeing a gain of 6.51 percent, Indian Bank is seeing a gain of 5.61 percent, Canara Bank is seeing a gain of 5.59 percent, Bank of India is seeing a gain of 5.52 percent, Union Bank of India is seeing a gain of 4.25 percent and IOB is seeing a gain of 4.21 percent.
Enthusiasm in the market after the exit poll
If we believe the exit polls, the return of Modi government in the country seems certain. According to the exit poll of Republic Matric, the BJP-led NDA is expected to get 353 to 368 seats, while the opposition India Alliance is expected to get only 118 to 135 seats. Others are expected to get 118 to 135 seats. In the exit poll of India News D-Dynamics, NDA is expected to get 359 seats, India Alliance 125 seats and others 47 seats. Whereas, according to Republic P-Mark, NDA can get 359 seats, India 154 seats and others 30 seats. In the survey of Jan Ki Baat, NDA can get 362 to 392 seats, India Alliance 141 to 161 seats and others 10 to 20 seats.
If we look at the average of the exit polls, it indicates that NDA may get 367 seats, in which BJP alone is expected to get 327 seats. On the other hand, the India Block of opposition parties may have to be satisfied with 143 seats, while the average of 6 exit polls is predicting that Congress will get 52 seats this time.