Sensex in euphoria mood as BJP takes big lead
As the counting for the votes began in the world’s largest democracy, Dalal Street was already dancing with euphoria as the Sensex surged in opening trade, gaining by over 900 points as the BJP party had already established a firm lead. A return to power for the more growth and investor friendly party looks very much on the cards and is good news for Asia’s third biggest economy.
At 9:26AM, the BSE SENSEX was at 24845.07, down by 939.47 points or by 3.93 per cent and the NSE Nifty was at 7,395.85 up by 272.70 points or by 3.83 per cent. (At 09:24 AM).
Meanwhile, the BSE MIDCAP was at 7,416.34 up by 3.59 points or by 252.70 per cent, while the BSE SMLCAP was at 7,755.93, up by 115.83 points or by 1.52 per cent. (At 09:28 AM).
On the Sectoral front, Banking and Capital goods surged by 7 per cent 4 per cent, respectively. (At 09:30 AM).
The top gainers of the BSE Sensex pack were SBI (up 7.42 per cent at Rs 2,448.15), HDFC Bank (up 7.16 per cent at Rs 844.5), ICICI Bank (up 6.67 per cent at Rs 1,486), Axis Bank (up by 6.3 per cent at Rs 1,768.45) and Hero MotoCorp (up 5.4 per cent at Rs 2,573). (At 09:29 AM)
As the counting for the votes began in the world’s largest democracy, Dalal Street was already dancing with euphoria as the Sensex surged in opening trade, gaining by over 900 points as the BJP party had already established a firm lead. A return to power for the more growth and investor friendly party looks very much on the cards and is good news for Asia’s third biggest economy.
At 9:26AM, the BSE SENSEX was at 24845.07, down by 939.47 points or by 3.93 per cent and the NSE Nifty was at 7,395.85 up by 272.70 points or by 3.83 per cent. (At 09:24 AM).
Meanwhile, the BSE MIDCAP was at 7,416.34 up by 3.59 points or by 252.70 per cent, while the BSE SMLCAP was at 7,755.93, up by 115.83 points or by 1.52 per cent. (At 09:28 AM).
On the Sectoral front, Banking and Capital goods surged by 7 per cent 4 per cent, respectively. (At 09:30 AM).
The top gainers of the BSE Sensex pack were SBI (up 7.42 per cent at Rs 2,448.15), HDFC Bank (up 7.16 per cent at Rs 844.5), ICICI Bank (up 6.67 per cent at Rs 1,486), Axis Bank (up by 6.3 per cent at Rs 1,768.45) and Hero MotoCorp (up 5.4 per cent at Rs 2,573). (At 09:29 AM)
