Nifty record high, crosses 7000, Asia’s second best index
May 12, 2014
New Delhi, 12 May, 2014
The S&P BSE Sensex surged over 500 points in trade on Monday to hit its fresh record high of 23,503.71, while Nifty too rose to its record high of 7000.25 in trade(Asia’s second best index), supported by strong buying seen in banks, capital goods, oil & gas and power stocks.
Riding on Modi/hope wave, Nifty breached 7,000 level for the first time ever on Monday. 12 stocks hit fresh 52-week high on Nifty. UltraTech Cement, CIL, HDFC Bank top gainers on Nifty.
As per the Election Commission’s order, the news channels are allowed to broadcast exit poll results only after 6.30 pm. The exit poll results could affect stock market on Tuesday. However the impact may not be so high, as exit polls are never accurate(look at the graphic by Economic Times presented above).
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