Market Live:
Sensex up 400 pts, Nifty reclaims 10,900 as BJP leads in Karnataka
Benchmark indices
rallied further as BJP crossed the half-way mark in leads in Karnataka.
The 30-share BSE
Sensex rose 429.49 points or 1.21 percent to 35,986.20 and the
50-share NSE Nifty gained 119.40 points or 1.10 percent at 10,926.
About 1,378 shares
advanced against 585 declining shares on the BSE.
The rupee recouped some opening losses,
trading 10 paise lower at 67.62 against the US dollar.
HUL gained 2
percent following 11 percent volume growth in Q4.
Indiabulls Housing
Finance, Yes Bank and HDFC Bank were early gainers.
Axis Bank, Kotak
Mahindra Bank, Reliance Industries, SBI, PNB, Bank of Baroda, Bajaj Finance,
Adani Ports, NTPC, HCL Tech, Bharti Infratel and ICICI Bank were under
pressure.
Nifty Midcap index
was down 72 points.
PC Jeweller,
Balrampur Chini, HDFC Standard Life, Adani Power, Praj Industries,
Allahabad Bank and IDBI Bank were down up to 8 percent.
BEML, Dr Lal
PahLabs, Fortis Healthcare, Bombay Dyeing, KEC International, JK Paper, Balaji
Amines and InterGlobe Aviation gained up to 5 percent.
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