Tuesday, 14 March 2017

Election results lift equity markets >> Free Stock Cash Tips and more

Crucial state election results lifted the domestic equity indices during the early morning trade session on Tuesday. The outcome of elections to five state assemblies were declared on March 11. However the impact of results were only witnessed on Tuesday, as the Indian equity markets were closed on account of Holi on Monday. Both the key indices gained over 1.50 per cent with healthy buying seen in banking, capital goods, consumer durables and automobile stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) zoomed by 139.40 points or 1.56 per cent, to 9,073.95 points. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,437.23 points, traded at 29,385.39 points (9.30 a.m.) -- higher by 439.16 points or 1.52 percent from the previous close at 29,946.23 points.

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