Sensex, Nifty sharply advance on back of Maha assembly polls results
Sensex and Nifty sharply advanced in the morning trade on Monday on the back of Maharashtra assembly election.
Tracking mixed Asian cues, domestic bourses extended last week’s gains and traded marginally higher in the late morning trade on Monday.
At 11.00 am, the Sensex was trading 26 points or 0.09 per cent up at 29,733 while the Nifty50 was trading 13 points or 0.14 per cent higher at 9,240.
However, broader markets extended gains. BSE Midcap and BSE Smallcap indices surged 0.1 per cent 0.2 per cent respectively.
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Among the BSE sectoral indices, Oil & Gas index registered the biggest gain with a jump of 1.2 per cent while Realty index became the top loser with a dip of 0.6 per cent.
On Friday, the BSE Sensex had closed 221 points or 0.74 per cent down at 29,707, on Friday, while the NSE Nifty ended 64 points or 0.69 per cent lower at 9,198.
Top gainers in the Sensex-30 pack: Coal India (up 1.4 per cent), Tata Motors (up 1.2 per cent), Axis Bank (up 0.8 per cent), Axis Bank (up 0.8 per cent) and Reliance Industries (up 0.7 per cent).
Top losers in the Sensex-30 pack: Asian Paints (down 1 per cent), HDFC (down 0.9 per cent), Hero Motocorp (down 0.7 per cent), Lupin (down 0.6 per cent) and M&M (down 0.5 per cent).
Asian markets were trading in the negative zone. Japan’s Nikkei 225 Index jumped 0.7 per cent, Singapore’s Straits Times Index rose 0.1 per cent, Hong Kong’s Hang Seng index gained 0.2 per cent, Korea’s KOSPI index slumped 1 per cent and China’s Shanghai Composite Index slipped 0.3 per cent.
Back home, the Rupee was trading 17 paisa down at 64.45 against the US Dollar.
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