INSUBCONTINENT EXCLUSIVE:
Twenty two out of 50 Nifty stocks traded with losses.Domestic stock markets swung between gains and losses after counting of assembly
At 12:06 pm, the SP BSE Sensex traded at 34,892.43, down 67.29 points or 0.19 per cent and the Nifty50 barometer of the National Stock
Exchange (NSE) was at 10,482.35, with a loss of 6.10 points or 0.06 per cent
In early trade, the Sensex had sunk as much as 533 points and the Nifty over 150 points.Twenty two out of 50 Nifty stocks traded with losses
(down 1.89 per cent), and HDFC Bank (down 1.22 per cent) were the top Nifty losers.Yes Bank (up 5.34 per cent), Sun Pharma (up 4.86 per
cent), Axis Bank (up 2/46 per cent), Asian Paints (up 2.25 per cent), and Indiabulls Housing Finance (up 1.83 per cent) were the top Nifty
gainers.Losses were led by financial and auto stocks
Pharma and IT stocks, however, were in the positive amid a weak rupee."The RBI governor's departure was a bigger concern for us
Mostly, the results look like it will be in line with the exit polls and markets had fallen quite a bit on Monday factoring in the possible
election outcome," SIddhartha Khemka, Head of Retail Research At Motilal Oswal Securities, was quoted as saying in a report by news agency
Reuters.Congress established a big lead over the Bharatiya Janata Party (BJP) in Rajasthan, Chhattisgarh and Madhya Pradesh
However, it was trailing in Mizoram where it rules.The ruling Telangana Rashtra Samithi (TRS) looks set to retain Telangana comfortably
(With agency inputs)For the latest News Live Updates on Election Results from each assembly constituency in Madhya Pradesh, Rajasthan,
Mizoram, Chhattisgarh, Telangana, like us on Facebook or follow us on Twitter for updates.
