Sensex rise over 350 points as Modi led BJP overcoming Gujarat, Himachal Pradesh in exit polls

gujarat himachal opinion pollSensex, Nifty extended gains for the second day after exit polls released late on Thursday predicting that BJP is expected to win Gujarat & Himachal Pradesh assembly elections.

The BSE Sensex was trading at 33,505.75, up 260 points, while the NSE Nifty50 index was ruling at 10,340.15, up 88 points in later morning Friday. The broader BSE Midcap and BSE Smallcap indices gained 1% each. All sectoral indices on the NSE traded positively led by Nifty Metal, Nifty Infra index that rose near 1.5 percent.

Shares of HDFC Bank rose 2.1% to Rs. 1,876, while HDFC Ltd rose 0.6 percent to Rs. 1,719.55. The HDFC twins said that they consider a fund-raising proposal.

Shares of Vedanta rose 3.3%, HDFC Bank rose 2.6%, Yes Bank surged and GAIL India 1.9% were the major gainers on the Nifty50, among others.

Among 1,977 stocks traded on the NSE, 1,335 shares advanced, 241 shares declined and 401 remained unchanged today. A total of 25 stocks clocked a fresh 52-week high in trade today, while 12 stocks crossed a new 52-week low on the NSE.

Meantime, the Indian rupee rose a fresh 3-month high of 64.12 v/s the dollar in early trade on Friday. It opened 19 paise up at 64.15 versus the dollar on Friday.