Markets: HIGHLIGHTS - After embracing TsuNaMo with massive records, Sensex, Nifty give up gains

Stock Markets and Lok Sabha Elections Results 2019: It is undoubtedly one of the most awaited days for stock markets as the fate of incumbent PM Narendra Modi-led NDA government will be decided today. The bull behaviour of markets after exit polls predicting 'Phir Ek Baar, Modi Sarkaar' has already suggested that bourses will witness an upsurge if PM Narendra Modi retains power at the Centre. Here in this LIVE BLOG you will get all the latest and accurate updates with respect to behaviour of the stock markets. Also, respected market voice and Zee Business Managing Editor Anil Singhvi has formed a panel - NOTE SABHA - of 9 market experts to give you their views and insights about how to decode the share bazaar even as the Lok Sabha Election Results 2019 are being announced. CATCH ALL LATEST UPDATES HERE:-

15:40 PM Closing Bell: Sensex ends 299 points lower; Nifty slips below 11,700

15:36 PM Nifty closes at 11,657.05. 

15:33 PM Reacting to BJP-led NDA massive win, Prof. Indradeep Ghosh, Associate Professor and faculty Dean, Meghnad Desai Academy of Economics, said, "The decisive return of Modi to the PM's office probably signals and certainly warrants an even stronger push towards structural reform in India, and in particular, the formulation of a comprehensive strategy to create more jobs for Indian youth, that must incorporate a critical role for India's educational system which is long past due for a massive overhaul."

15:29 PM Narendra Modi is about to become the most powerful, democratically elected leader in the world today: Anand Mahindra, Mahindra Group Chairman. 

"Size of the country (Land mass+population) X Size of the Economy X Size of the election mandate = Leader’s Power Quotient. By the measure of this crude formula, @narendramodi is about to become the most powerful, democratically elected leader in the world today...," Anand Mahindra tweeted.

Size of the country (Land mass+population) X Size of the Economy X Size of the election mandate = Leader’s Power Quotient. By the measure of this crude formula, @narendramodi is about to become the most powerful, democratically elected leader in the world today...

— anand mahindra (@anandmahindra) May 23, 2019

15:01 PM PM Narendra Modi tweets on BJP-led NDA's historic victory in 2019 Lok Sabha Elections Results

सबका साथ + सबका विकास + सबका विश्वास = विजयी भारत

Together we grow.

Together we prosper.

Together we will build a strong and inclusive India.

India wins yet again! #VijayiBharat

— Chowkidar Narendra Modi (@narendramodi) May 23, 2019

14:19 PM: Anil Agarwal, Executive Chairman of Vedanta Resources Limited, tweets congratulatory message to PM Narendra Modi. "Heartening trends. Democracy wins. Kudos to people who have voted for development. Congratulations PM Modi. Look forward to his next progressive innings. His vision will help India take a leap in her growth journey. @PMOIndia @PetroleumMin @dpradhanbjp @MinesMinIndia."

#ResultsOnZEE | #AnilAgarwal ने प्रधानमंत्री मोदी को ट्वीट कर दी बधाई ..#Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @AnilSinghviZEE @kunalsaraogi @iamrakeshbansal @kiran_jadhav_ @iamVishChauhan @s_sedani05 @SandeepKrJainTS @sumeetbagadia pic.twitter.com/XeAjRkNCQP

— Zee Business (@ZeeBusiness) May 23, 2019

13:58 PM  Anand Rathi, Chairman of Anand Rathi Group, says Modi government has done good work for reforms.

#ResultsOnZEE | सरकार ने रिफाॅर्म के अच्छे काम किए हैं: आनंद राठी, चेयरमैन, आनंद राठी ग्रुप#Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @rathi_online @AnilSinghviZEE pic.twitter.com/f3I6r1hZDs

— Zee Business (@ZeeBusiness) May 23, 2019

13:14 PM "Government should focus on GDP growth, which in turn will improve jobs scenario and agriculture sector: Adi Godrej

#ResultsOnZEE | सरकार को GDP ग्रोथ पर फोकस करना चाहिए जिससे जॉब्‍स की स्थिति और एग्रीकल्चर इंप्रूव होगा : आदि गोदरेज, चेयरमैन, गोदरेज इंडसट्रीज़ #Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @AnilSinghviZEE @kunalsaraogi @iamrakeshbansal @kiran_jadhav_ @GodrejGroup

— Zee Business (@ZeeBusiness) May 23, 2019

1:06 PM: Adi Godrej's appeal to Modi govenment.

#ResultsOnZEE | #AdiGodrej की मोदी सरकार से अपील..#Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @AnilSinghviZEE @kunalsaraogi @iamrakeshbansal @kiran_jadhav_ @iamVishChauhan @s_sedani05 @SandeepKrJainTS @sumeetbagadia pic.twitter.com/H07YBPsV1n

— Zee Business (@ZeeBusiness) May 23, 2019

12:54 PM Biocon Chairperson Kiran Mazumdar Shaw tweets a message for Modi's 2nd term as PM.

#ResultsOnZEE | #Biocon की चेयरपर्सन #KiranMazumdarShaw ने ट्वीट कर कहा है कि NDA-2 को अपने पहले कार्यकाल में तैयार योजना को लागू करने पर फोकस करना होगा#Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @AnilSinghviZEE @kunalsaraogi @iamrakeshbansal @kiran_jadhav_ pic.twitter.com/pefEIRuRui

— Zee Business (@ZeeBusiness) May 23, 2019

12:38 PM Kotak Mahindra Bank's CEO Uday Kotak tweets congratulatory message to PM Narendra Modi. "Time for transformation of India. Time for deep reform. I dream of us as a global superpower in my lifetime. Heartiest congratulations to @narendramodi , the BJP, and the NDA."

#ResultsOnZEE | #UdayKotak ने #LokSabhaElection2019 की जीत पर PM मोदी और NDA को ट्वीट कर दी बधाई...#Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @AnilSinghviZEE @kunalsaraogi @iamrakeshbansal @kiran_jadhav_ @iamVishChauhan @s_sedani05 @SandeepKrJainTS @sumeetbagadia pic.twitter.com/lCc5XWIdik

— Zee Business (@ZeeBusiness) May 23, 2019

12:21 PM Here is why Sandip Wagle has tagged Havells India in sell category

दिया वोट कमाओ नोट में देखिए संदीप वाघले ने क्याें दी #HavellsIndia को बेचने की राय#Electionsresults2019 #NoteSabha #AbkiBaarKiskiSarkar @SandeepWagle9 pic.twitter.com/BT9BlmHaCd

— Zee Business (@ZeeBusiness) May 23, 2019

12:01 PM Meanwhile, foreign institutional investors sold equity worth Rs 965.02 crore on Wednesday, while domestic institutional investors sold shares to the tune of Rs 157.75 crore, provisional data available with stock exchanges showed.

11:49 AM BSE India CEO Ashish Chauhan says Sensex is there because of government. "Sensex can progress only if India progresses."

#ResultsOnZEE | #SensexAt40000 पर @BSEIndia के MD और CEO आशीष चौहान ने कहा, सरकार है तो #Sensex है..

#NoteSabha #AbkiBaarKiskiSarkar #ElectionResults2019 @AnilSinghviZEE @kunalsaraogi @iamrakeshbansal @kiran_jadhav_ @iamVishChauhan @s_sedani05 @SandeepKrJainTS @sumeetbagadia pic.twitter.com/wmSz5h009D

— Zee Business (@ZeeBusiness) May 23, 2019

11:45 AM The 30-share index zoomed over 900 points to hit an intra-day high of 40,012.35. Similarly, the broader NSE Nifty spurted 265 points to touch a record 12,003.50.

11:20 AM How's the josh of markets in the wake of trends suggesting massive Modi win?

#MarketPoll | चुनावी नतीजों पर कैसा है बाजार का #Josh?#HowsTheJosh #NoteSabha #AbkiBaarKiskiSarkar @AnilSinghviZEE #Verdict2019

— Zee Business (@ZeeBusiness) May 23, 2019

11:07 AM Currently, Sensex is at 39700, while Nifty is 11900. The trends so far suggest BJP will surpass even its 2014 victory mark.

10:52 AM: This is the first time ever when Sensex has touched 40 k mark and Nifty breached 12k mark - A new record has been established because early trends of Lok Sabha Elections Results are suggesting massive win for Modi.

10:31 AM: Sensex touches 40k, Nifty breaches 12k mark - A big moment for markets!

10:21 AM Sensex at 39800 - 40k to be breached in a while from now?

10:03 AM Amid market euphoria, the rupee also appreciated 26 paise to 69.40 against the US dollar in opening trade.

10:01 AM According to traders, investor sentiment was boosted by initial trends that suggested a win for the ruling NDA.

9:54 AM The benchmark BSE Sensex had at one time in early morning trade rallied nearly 800 points and the NSE Nifty soared over 200 points to hit their respective record highs on Thursday.

9:50 AM Sensex as crossed 39700 after witnessing a record opening  as early trends suggesting huge Modi win

9:39 AM Sensex touches 39700, Nifty crosses 11900 - 40k, 12k market not too far?

9:27 AM Markets open at record high as Sensex, Nifty cheer early trends suggesting huge landslide win for BJP-led NDA

#MarketOpening | लोकसभा चुनाव के नतीजों के दिन शानदार तेजी के साथ खुला बाजार | #Nifty #Sensex #loksabhaElections2019results #NoteSabha #ResultsOnZEE #AbkiBaarKiskiSarkar @AnilSinghviZEE pic.twitter.com/DY2Lo0Fg5E

— Zee Business (@ZeeBusiness) May 23, 2019

9:19 AM Markets: Massive jump witnessed in opening - Nifty crosses 11900 mark!

#MarketOpening | शानदार तेजी के साथ खुला बाजार, #Nifty 11,900 के पार।#Sensex pic.twitter.com/D7gXWy7pfC

— Zee Business (@ZeeBusiness) May 23, 2019

-9:14 AM Sensex may touch 40k, Bank Nifty too witnesses record high - This is happening because early trends are suggesting a landslide win for BJP-led NDA

- 9:12 AM Rupee opens 21 paise stronger on the day of Lok Sabha Elections Results

#RupeeOpening | लोकसभा चुनाव के नतीजों के दिन 21 पैसे की मजबूती के साथ खुला #Rupee#loksabhaElections2019results #NoteSabha #ResultsOnZEE #AbkiBaarKiskiSarkar @AnilSinghviZEE pic.twitter.com/SAi0jNVpr7

— Zee Business (@ZeeBusiness) May 23, 2019

- 9:06  AM On the big and important day of Lok Sabha Elections Results 2019, know Anil Singhvi's opinion on Nifty and Bank Nifty

#MarketStrategy | लोकसभा चुनाव के नतीजों के दिन #Nifty और #BankNifty पर जानिए अनिल सिंघवी की राय।#loksabhaElections2019results #NoteSabha #ResultsOnZEE #AbkiBaarKiskiSarkar @AnilSinghviZEE pic.twitter.com/f88RYacLFo

— Zee Business (@ZeeBusiness) May 23, 2019

- 9:02 AM Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 23: If NDA gets less than 200 seats: Possible 10 to 15 per cent Lower Circuit. 

- 8: 47 AM Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 23: If NDA gets less than 225 seats: Nifty to go down to 11,000 and Bank Nifty to 26,500. 

- 8:40 AM Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 23: If NDA gets 240-260 seat: That’s a difficult call. The market may correct 2 to 3 per cent. Support range on Nifty stands at the mark of 11,350-11,50

- 8:27 AM Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 23:  If BJP gets more than 272 seats and forms Government without any support: Nifty will go up to 12,200-12,500 and Bank Nifty will reach the mark of 31,500-32,000. 

-8:14 AM What are the rules for Circuit in markets? How many times the Circuit incidents have been witnessed in markets so far?

संदीप ग्रोवर से जानिए बाजार में कब कब लगा है सर्किट और क्या हैं सर्किट के नियम?@sandeepgrover09 @AnilSinghviZEE pic.twitter.com/dDVIwAXp5E

— Zee Business (@ZeeBusiness) May 23, 2019

- 8:12 AM Counting of votes begins amid tight security. Stay tuned with Zee Business for all the latest and accurate details about Lok Sabha Elections Results 2019

- 8:02 AM Editor's Take: Know what's Anil Singhvi's opinion ahead of the declaration of Lok Sabha Elections Results 2019

#EditorsTake | #LokSabhaElections2019 चुनाव नतीजों से पहले जानिए बाजार पर अनिल सिंघवी की राय।@AnilSinghviZEE #Elections2019 pic.twitter.com/nvuYkCVoVw

— Zee Business (@ZeeBusiness) May 23, 2019

- 7:54 AM If BJP crosses the majority mark (273), then Nifty may touch 12300-12500, opines Anil Singhvi, Zee Business Managing Editor

- 7:48 AM "Lok Sabha Elections Results are expected to have a big impact on stock markets but don't go with your 1st immediate reaction. Try and wait for some time till the Lok Sabha Elections Results pictire becomes clear," suggests Anil Singhvi, Managing Editor, Zee Business. 

-7:31 AM Nifty, Sensex to climb a bit more if Modi wins decisively: Reuters poll: Indian shares will reach a new record high by end-year, a Reuters poll of strategists showed, building on an election-driven rally in which investors have bet the ruling party will retain power and continue current economic policies.

- 7: 26 AM Vivek Ranjan Misra, Head of Fundamental Research, Karvy Stock Broking says, "The market has priced in a return of the NDA with a full majority. If this does turn out to be the case, expect a small rally in markets. If NDA fails to cross the halfway mark, or an unstable coalition assumes power, markets could decline, on the contrary, if a single party were to cross the halfway mark on its own, there could be a significant rally in markets. A note of caution- today's, results will take longer to trickle in."

- 7: 21 AM Gautam Duggad, Head of Research, Motilal Oswal Financial Services opines, "Exit polls predicted majority for NDA. There are prospects of third front diminish and we expect positive reaction in markets. We expect the markets to react positively to the exit polls. We also expect favourable reaction in the Bond and currency markets. Prediction of continuance of stable government with majority/near majority augurs well from reforms and policy agenda perspective, in our view. It removes a key overhang from the market narrative – potential of a hung verdict, formation of a third front government with no major national party at the helm.

-7:13 AM According to Amar Singh, Head - Advisory, Angel Broking Ltd, "The market is very likely to witness a rollercoaster move, as the actual results start pouring in throughout the day. Markets are hopeful that the outcome of the elections will be likely in line with exit polls results. Moreover, the markets are always of the view that a stable government at the centre would be beneficial for the economy at large and pace of the economic reforms would gather further momentum. Global cues have also been positive with clear indications of an end to the global tightening cycle.  The long-term trends for the Indian stock markets continue to be positive and present good investment opportunities for those who have the discipline and patience to stay invested."

- 6:54 AM Asia Market Update: SGX Nifty in Red - All you need to know Nikkei and Hang Seng with data details

-6:50 AM The Indian rupee on Wednesday had seen a marginal 6 paise rise at 69.66 against the US dollar in line with uptrend in equities and easing crude prices, a day ahead of Lok Sabha polls outcome.

-6:46 AM The benchmark BSE Sensex on Wednesday ended 140 points higher, bolstered by gains in banking and auto stocks ahead of the Lok Sabha Elections Results 2019.

- 6: 41 AM A panel of 9 well-known industry voices and experts will be decoding whatever happens in the markets in the day due to Lok Sabha Elections Results 2019.

- 6:38 AM Stock Markets Behaviour+Lok Sabha Elections Results 2019+In-depth Analysis = NOTE SABHA - All details at one place 

- 6:37 AM Experts are of the opinion that Sensex is expected to touch 41k mark if BJP-led NDA retains the power to make Narendra Modi PM once again.