Sensex rallies 143 pts on BJP's electoral win in Gujarat, Himachal polls

Share
Sensex rallies 143 pts on BJP's electoral win in Gujarat, Himachal polls

The 50-share Nifty reclaimed the key 10,300-mark to close higher by 55.50 points, or 0.54 per cent, at 10,388.75, its highest closing since November 27.

In the extremely volatile session, this resulted in 1,000 point swing for Sensex and 369 points for Nifty.

At 1 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded higher by 33.15 points or 0.32 per cent at 10,421.90 points. Among them, consumer durables index gained the most by 1.45 per cent, followed by auto 1.39 per cent, metal 1.02 per cent and infrastructure 0.86 per cent.

The Sensex fell to 32,595 at day's low while Nifty slumped to 10,074.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.

JM Financial rallied 2.7 percent and Bank of Baroda advanced 1.7 percent on fund raising reports.

The investors and analysts, shrugging off initial jitters, were no doubt gung-ho about the implications of the political verdict particularly about the continuation of the reform process.

Arun Thukral, MD & CEO, Axis Securities, said, "markets have celebrated the BJP win, though it went through jitters in initial phase when both the parties were moving neck to neck in their tally". "If BJP forms the government in Gujarat with slim majority it may be taken negatively".

Share

Advertisement

Related Posts

Bristol City vs Manchester United: Potential XI with Zlatan Ibrahimovic
But in the second half we were a lot better and had a lot more conviction to our play - that was the problem", he added. Ashton Gate will host the quarter-final tie of the Carabao Cup , a competition Manchester United won last season.

FA charges Burnley defender Tarkowski with violent conduct
In its statement announcing the charge on Monday, the FA said Tarkowski had until 6pm on Tuesday to respond. The pair clashed in the 35th minute of their goalless draw at the Amex Stadium on Saturday.

Parker, Aldridge lead Spurs past Clippers in Kawhi Leonard's home debut
Clippers: Host Phoenix on Wednesday night for the first time since beating the Suns by 42 points on October 20. The two have played limited minutes since they returned, Parker on November 27 and Leonard on December 12.

Oregon's Royce Freeman To Skip Las Vegas Bowl
Tyrell Crosby, a senior OL for OR , will take part in an awesome tribute in Saturday's Las Vegas Bowl. Boise State comes in as champions of the Mountain West conference and are 10-3 on the season.

Reddit for iOS gains new mod tools, theater mode, chat, more
Users and moderators can now add "post flair" on both iOS and Android - a tool to distinguish different types of content. That's about it for the Android-side of things, unfortunately, as the update seems to focus more on the iOS experience.

Ole Miss WR Van Jefferson transfers to Florida
Redshirt-sophomore wide receiver Van Jefferson has transferred out of Ole Miss and will enroll at the University of Florida. In 21 games with the Rebels, Jefferson has caught 87 passes for 967 yards and four touchdowns.

Hormel Foods Corp (NYSE:HRL) Director Sells $550400.00 in Stock
About 2.61M shares traded or 1.52% up from the average. (NASDAQ:HCKT) has risen 3.66% since December 18, 2016 and is uptrending. Hormel Foods Corporation has a beta of 1.03, offering the possibility of a higher rate of return, but also posing more risk.

Schatz: Republicans need to stand up to Trump over CDC word ban
When the analysts learned of the ban, their reaction was "incredulous", the longtime CDC analyst said . Health leaders have expressed concern over the list.

Old Mutual reveals sale of Single Strategy business
Old Mutual's shares rose 4 percent on the news , to the top of Britain's FTSE-100 index. He added today's sale announcement is a "good outcome" for shareholders.

BC bans grizzly hunting effective immediately
Greens have allowed us to take a stronger position and we commend the government's bold announcement today". The ban came less than a month after the province's ban on trophy hunting of grizzlies came into effect.

© 2015 ExpressNewsline. All Rights reserved.