"The 50-scrip Nifty of the National Stock Exchange also surged in a similar fashion. It gained 268.75 points or 3.77 percent and was trading at 7,391.90 points after crossing 7,400 points in the early trade."
Mumbai, May 16 - The sensitive index (Sensex) of the Bombay Stock Exchange after touching record high of 25,375.63 points, slowed down to 24,760.92 points as early vote counts showed Narendra Modi-led Bharatiya Janata Party (BJP) is set for a landslide victory in the general elections.

Around 11.50 a.m., Sensex was ruling at 24,760.92 points after touching the highest ever mark of 25,375.63 points in the early trade, up 855.32 points, or 3.58 percent from its previous day's close at 23,905.60 points.

Analysts said the markets were afire expecting a stable government under BJP's prime ministerial candidate Narendra Modi, who is also seen as a industry-friendly leader. Every industry-specific index was trading at record highs, exchange data showed.

The 50-scrip Nifty of the National Stock Exchange also surged in a similar fashion. It gained 268.75 points or 3.77 percent and was trading at 7,391.90 points after crossing 7,400 points in the early trade.

According to officials at the markets watchdog Securities and Exchange Board of India (SEBI), a close watch will be kept on market movements Friday during the counting of votes to prevent any disorderly trading.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002374488
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.