Sensex rises over 100 points, Nifty reclaims 10400 on BJP victory

Sensex rises over 100 points, Nifty reclaims 10400 on BJP victory

The yield on 10-year government bonds climbed three basis points to 7.16 per cent.

The market started on a jittery note with the Sensex crashing 867 points to go below 33,000 and the NSE Nifty plunging 258 points within one hour of counting of votes that showed Congress was leading the tally. Meanwhile, the Nifty was trading lower by 120.55 points or 1.17% at 10,212.70 with 37 components falling.

The NSE Nifty50 rose by 55.50 points or 0.54 per cent to close at 10,388.75 points, while the BSE Sensex closed at 33,601.68 points - up 138.71 points or 0.41 per cent - from its previous close.

Biggest losers in the 30-share index were Tata Consultancy Services (1.29%), Hindustan Unilever (1.04%), Infosys (0.99%), Power Grid Corporation Of India (0.95%), Wipro (0.93%), and Bajaj Auto (0.88%).

More news: Highlights of GOP compromise bill to overhaul tax code
More news: Killed in Mumbai fire
More news: Samsung Galaxy Note 5 Caught Trashing The Midrange Market!

Given the improvement in sentiment, the broader markets played along, with the mid-cap index rising 0.76 per cent and small-cap 0.45 per cent. Market Analysts had predicted in a comfortable win for the BJP in Gujarat polls.

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

"Traders are heaving a sigh of relief after a tumultuous opening session", said Soumen Chatterjee, head of research at Guiness Securities Ltd.

Related Articles

  • Oasis Petroleum Inc. (OAS) Shares Sold by Principal Financial Group Inc

    Looking at the stock's movement on the chart, Oasis Petroleum Inc. recorded a 52-week high of $16.73. (NYSE:OAS). Aperio Gp Ltd Liability Company holds 0% or 29,536 shares. (NYSE:OAS) rating on Wednesday, September 14.

    Ltd. Reduces Position in American Airlines Group Inc (AAL)

    A month ago, they told us to expect earnings of US$0.61 per share while three months ago their EPS consensus estimate was US$0.72. The long term debt/equity forAmerican Airlines Group Inc.(NASDAQ: AAL ) shows a value of 5.63 with a total debt/equity of 6.25.
    Indian troops martyr two youth in Shopian IOK

    Indian troops martyr two youth in Shopian IOK

    According to a local report, the contact of forces was established with the hiding militants during the search operation resulting in the gunfight.
  • De Bruyne near new Man City deal

    De Bruyne near new Man City deal

    De Bruyne also revealed how Guardiola has helped him settle at the Etihad. 'The team is going in the right direction and that's also important.
    Ezekiel Elliott is ripped after spending past six weeks training in Mexico

    Ezekiel Elliott is ripped after spending past six weeks training in Mexico

    The star running back is returning from Cabo today after six weeks of hard training, both physical and mental. But Jones and the rest of the Cowboys are excited Elliott is back and this whole saga is behind them.
    Readers Write: Trump acknowledging Jews' God-given right to all Israel

    Readers Write: Trump acknowledging Jews' God-given right to all Israel

    Resolutions by the General Assembly are non-binding, but a strong vote in support of the resolution would carry political weight. He said Jerusalem is a Palestinian-Arab-Muslim-Christian city, and the eternal capital of the State of Palestine.
  • United States  publicly blames North Korea for WannaCry cyberattack

    United States publicly blames North Korea for WannaCry cyberattack

    Choi is the first person charged under Australia's Weapons of Mass Destruction Act and could face a maximum 10-year prison sentence.
    Ryanair avoids further disruption as Irish pilots suspend planned strike action

    Ryanair avoids further disruption as Irish pilots suspend planned strike action

    It's feared there's trouble down the line for Ryanair passengers, now that the airline has recognised unions for the first time . In Spain, there are no strikes planned for pilots, but ground staff unions have not ruled out action on December 30.
    US Fighter Pilots Spot UFO In Newly Declassified Pentagon Footage

    US Fighter Pilots Spot UFO In Newly Declassified Pentagon Footage

    How was former senator Harry Reid involved? "I'm not embarrassed or ashamed or sorry I got this thing going.", Mr Reid told The New York Times .
  • Arsenal among three sides chasing Palace ace

    Zaha scored the second in Palace's 3-0 win at on Saturday, and milly rocked in front of the disapproving King Power crowd. Chelsea have become the latest London club to register their interest in the winger after the aforementioned rivals.
    Chick-fil-A Opens Sunday to Feed Stranded Atlanta Airport Passengers

    Chick-fil-A Opens Sunday to Feed Stranded Atlanta Airport Passengers

    Hartsfield-Jackson, which serves 104 million passengers a year, is the world's busiest airport, according to the Associated Press. Brittny Dettro said she was waiting to board a flight from Atlanta to Milwaukee when the power went out in Terminal B.
    Pentagon acknowledges secret UFO-hunting program

    Pentagon acknowledges secret UFO-hunting program

    The program may even continue in some form today, as Elizondo claimed to the Times , though he declined to provide details. But its backers say that, while the Pentagon ended funding for the effort at that time , the program remains in existence.