Market ended a very busy day in negative territory on Thursday. Swaying up and down as election results trends showed a clear majority for the Narendra Modi-led NDA alliance, the indices breached the psychological levels of 40,000 and 12,000 on Sensex and Nifty, respectively, but closed in red.

More than 600 million Indians voted over the last six weeks and now the Narendra Modi-led NDA has secured a majority by leading around 298 seats.

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Following stocks are close to their 52-weeks low as at 12:58 p.m. on May 23, 2019.

Zydus Cadila informed the bourses that it has received final approval from the USFDA to market Esomeprazole Magnesium Delayed-Release Capsule, 25 mg and 40 mg. The said tablet is used to treat certain stomach and esophagus problems like acid reflux, ulcers.

The markets on May 23, 2019 opened gap up. BSE Sensex is trading at 39,366.97, up by 256.76 points and the Nifty is trading at 11,827.10, up by 89.20 points. 

SeQuent Scientific Limited (SSL) reported a healthy financial performance in the quarter ended March 2019.

The company reports profit after tax (PAT) of Rs. 82.59 crore for Q4FY19. The company's board has recommended a dividend of Rs. 2 per share.

As the news that BJP will continue to remain in power seeps in market pared its gains in the afternoon session. In the morning half, market was extremely bullish as BJP's seat count crossed the halfway mark in leading trends. The top contributors to the index gains were ICICI Bank, IndusInd Bank, LT contributing between 60 to 40 points, while Reliance was just supporting contributing 20 points.