Closing Bell: Sensex closes 623 pts up, Nifty remains at 11,844

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Indian indices Sensex and Nifty, respectively closed at 623.33 points (1.61% up) at 39,434.72 and Nifty was trading at 11,844, up by 187.50 points (1.60%) at the closing bell.

The impact of the 2019 Lok Sabha results shows bechmark indices Sensex and Nifty ended near day’s high level on May24 after BJP (Bharatiya Janata Party)-led NDA (National Democratic Alliance) government got clear mandate.

Among the 50 components in the Nifty index, 45 shares ended in the green, while on Sensex, 29 components out of 30 closed in the green. About 1823 shares have advanced, 676 shares declined, and 150 shares are unchanged.

ICICI Bank, Zee Entertainment, Vedanta, Tata Steel and Bharti Airtel were among major gainers in the Nifty, while Tech Mahindra, NTPC, ONGC, TCS and HCL Tech were some of the losers.

All the sectoral indices ended in the green led by BSE PSU Bank (up 5.5%) followed by auto, metal and infra gained more than 2 percent.

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