1. You Are At:
  2. Home
  3. Business News
  4. Sensex zooms 358 points to 33,605 on exit poll results, Nifty gains 110 points

Sensex zooms 358 points to 33,605 on exit poll results, Nifty gains 110 points

On Thursday, short covering, along with positive hopes of the ruling BJP's win in the crucial two-phased Gujarat assembly elections, erased the day's entire losses and lifted the indices to close in the green.

Edited by: India TV Business Desk, Mumbai [ Updated: December 15, 2017 10:26 IST ]
Sensex zooms 358 points to 33,605 on exit poll results,
Sensex zooms 358 points to 33,605 on exit poll results, Nifty gains 110 points

The stock market today reacted positively to the exit poll results predicting majority to the BJP in Himachal Pradesh and Gujarat. 

The benchmark equity indices opened nearly 1 per cent high with healthy buying in banking, consumer durables and capital goods stocks. While BSE Sensex climbed as much as 358 points to 33,605.11, the NSE Nifty index surpassed 10,350-mark.

The ruling BJP at the Centre looks headed for a win in both Gujarat and Himachal Pradesh assembly elections, according to a string of exit polls by survey agencies.

The impact was visible as all sectoral indices led by metal and capital goods jumped by up to 1.87 per cent.

The 30-share Sensex climbed 358.11 points, or 1.07 per cent, to 33,605.11. It had gained 193.66 points in the previous session. 

The 50-share NSE Nifty too went up 110.20 points, or 1.07 per cent, to 10,362.30.

In the forex market, the rupee appreciated 23 paise to 64.11.

Prominent gainers include Adani Ports, Bajaj Auto, HDFC Bank, L&T and Tata Steel, rising by up to 2.48 per cent.

Globally, at other Asian markets, Japan's Nikkei was down 0.88 per cent while Shanghai Composite shed 0.48 per cent in early trade today. Hong Kong's Hang Seng too fell 0.96 per cent.

The US Dow Jones Industrial Average ended 0.31 per cent down yesterday.

Write a comment