BSE Limited celebrates 40,000 level

The stock exchange company BSE Limited celebrated the event of Sensex crossing 40,000 level on Thursday. In the early morning session as the trends for Lok Sabha elections 2019 indicated that the ruling BJP-led alliance NDA will return to power with majority, the indicate broke its psychological barrier of 40,000 level.

BSE Limited marked the occasion with a cake cutting ceremony at its head office in Mumbai. The cake had the inscription of 40,000 and BSE on it. Ashishkumar Chauhan, MD & CEO of BSE Limited hosted the event in the presence of member of BSE along with Arvind Sawant of Shiv Sena who is most likely to be re-elected as MP, Loksabha from the very toughly fought Mumbai South consistency.

On Thursday, the day of culmination of General Election 2019, Indian benchmark indices shot up to all-time highs. The BSE Sensex opened gap up at 39,591.77 points against Wednesday's close of 39,110.21. The excitement around a second term for popular Prime Minister Narendra Modi lead to a rally pushing the index to an all-time high of 40,124.96. However, the highs were not sustained and the market slowly lost momentum and entered negative territory to close at 38,811.39, down by 298.82 points or 0.76 per cent. The Nifty50 index followed a similar path and closed at 11,657.05, down by 80.85 points or 0.69 per cent.