Sensex, Nifty Dip After Opening at Record High Following PM Modi’s Oath

India’s benchmark indices hit fresh highs shortly after opening today (June 10), driven by gains in Reliance Industries Ltd and Axis Bank Ltd. This surge came after Narendra Modi took oath as India’s prime minister for a third term on Sunday.

The NSE Nifty 50 was up by 91.90 points or 0.39% at 23,382.05, and the BSE Sensex had risen by 233.11 points or 0.30% to 76,926.47.  The NSE Nifty 50 reached a new high of 23,411.90, while the Sensex climbed to a lifetime high of 77,079.04.

Among the major gainers on the Nifty were Adani Ports, Power Grid Corp, Bajaj Auto, Coal India, and Shriram Finance. The biggest losers included Tech Mahindra, Infosys, Dr. Reddy’s Labs, LTIMindtree, and Hindalco.

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