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Mumbai: Markets rebound sharply after major drop due to value-buying
Updated On: 05 June, 2024 02:02 PM IST | Mumbai | mid-day online correspondent
The 30-share BSE Sensex rose 1,772.04 points to 73,851.09 during afternoon trading. Similarly, the NSE Nifty gained 560.5 points to 22,445
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The benchmark equity indices Sensex and Nifty recovered sharply on Wednesday, following a significant fall in the previous session due to value buying at lower levels. The 30-share BSE Sensex rose 1,772.04 points to 73,851.09 during afternoon trading. Similarly, the NSE Nifty gained 560.5 points to 22,445, reported PTI.
Per the report, despite the National Democratic Alliance (NDA) handily exceeding the majority mark of 272 in the 543-member Lok Sabha, the BJP fell short of the majority required for the first time since 2014, forcing them to rely on partners to form a government. The Election Commission has announced the results for all 543 constituencies, with the BJP winning 240 and the Congress securing 99.
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