Out of 5000 Listed Stocks, Only 1113 Remain at Pre-Exit Poll Levels

On June 7, the stock market made a remarkable recovery following the June 4 downturn, with the total market cap of all listed companies reaching Rs 421.47 lakh crore. This figure surpasses the market cap recorded on May 31, the day before the exit poll-driven surge. Currently, the Sensex and Nifty are trading at 76,400 points and 23,200 points, respectively, compared to pre-exit poll levels of 73,961 and 22,530 points. The flagship indices are now just 300 points and 100 points away from their June 3 levels.

Out of the 30 Sensex stocks, 23 are trading higher than before the exit polls, and 36 of the 50 Nifty stocks are also performing better. Among Nifty blue-chip stocks, Hindustan Unilever leads with a gain of over 9 percent from its exit poll level, followed by Hero MotoCorp with an 8 percent increase. Mahindra & Mahindra, Tata Consumer Products, Tech Mahindra, and Bajaj Auto are also up over 7 percent each.

On the downside, PSU stocks and Adani Group stocks are lagging. BPCL is down 7 percent, leading the losers, followed by Adani Enterprises and Adani Ports & SEZ, which fell by 6.6 percent and 5.9 percent, respectively. L&T has dropped 5 percent, while ONGC and Coal India are down nearly 4 percent each. Power Grid Corp and NTPC have both declined around 3 percent.

Of the 5000 listed stocks, only 1113 are trading at levels similar to before the exit polls. Meanwhile, 1122 stocks remain below their exit poll levels. Among the gainers, 71 stocks are trading over 10 percent higher, 196 stocks are trading between 5-10 percent higher, and 846 stocks are up by 0-5 percent.

The market’s swift rebound highlights the robust potential of India’s stock market and finance sector, demonstrating resilience amid political events.