Election Result and Stock market:
On June 4, it is anticipated that the benchmark Sensex and Nifty indexes would rise in line with GIFT Nifty trends, which show a gain of 110.5 points (0.47 percent) for the overall index.
The largest one-day gain in three years was recorded by Indian equities markets on June 3, which rose more than 3 percent. Dalal Street was pleased with the majority of the exit poll results and predicted that the BJP-led NDA would win handily for the third time in a row.
The Nifty was up 733.20 points, or 3.25 percent, at 23,263.90 at the closing, while the Sensex was up 2,507.47 points, or 3.39 percent, at 76,468.78.
On June 4, the GIFT Nifty is trading 110.5% higher than the Nifty 50 close, suggesting a gap-up start to the day. At 06:50 am IST, Nifty futures were trading at 23,577.50.
Asian Stocks
After beginning June on a positive note, Asian markets opened down on Tuesday as investors await the outcome of India’s general elections.
Asian indexes were trading as follows at 06:50 am IST:
| INDICES | CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) |
| Nikkei | -.066 | 0.52 | 4.16 |
| Topix | -0.41 | 0.51 | 6.15 |
| Hang Seng | -0.37 | 1 | 7.37 |
| Taiwan | -0.29 | 1.45 | 13.2 |
| Kospi | -0.57 | 1.51 | -5.5 |
Mixed currencies from Asia amidst Election result
In today’s trade, the US dollar was trading mixedly against the currencies of Asia. Asian currencies were trading as follows at 06:50 am IST.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.142 | -0.90 | -5.12 |
| South Korean Won | 0.243 | -0.997 | -6 |
| Taiwan Dollar | 0.18 | 0.022 | -5.5 |
| Thai Baht | -0.115 | 0.270 | -6.5 |
| Japanese Yen | -0.23 | -1.7 | -9.8 |
| Philippines Peso | 0.121 | -2.3 | -5.5 |
| Singapore Dollar | -0.022 | 0.37 | -1.92 |
| Malaysian Ringgit | 0.299 | 0.99 | -2 |
| China Renminbi | -0.018 | -0.47 | -2 |
FII & DII (Net Buyers)
The Foreign institutional investors (FIIs) extended their buying on June 3 as they bought Indian equities worth Rs 6,850.76 crore , while domestic institutional investors also bought equities worth Rs 1,913.98 crore on same day.
| FII/DII (RS IN CR) | 3RD JUNE | MAY 2024 | YTD |
| FII Net Flows | 6,850.76 | -46,792 | -1<21,762 |
| DII Net Flows | 1,913.98 | 55,739.4 | 2,07,120 |
Read further: Predictions for short-term and long-term gains
Check out the live election results here
