Sensex jumps 146 points as Modi led BJP won the assembly election in Gujarat & H.P

stock market highKey indices edged higher on Tuesday after Narendra Modi led BJP won the assembly election in Gujarat and Himachal Pradesh. BSE Sensex gained 98.08 points to open at 33,699.76 whereas NSE Nifty jumped 30.65 points to begin at 10,419.40 in late morning hours. Shares of Tata Motors, Hero MotoCorp, Coal India, and ONGC were the top gainers in the early trade. 

Shares of Tata Motors Ltd, Coal India, Hero MotoCorp Ltd, ONGC, Maruti Suzuki, Dr Reddy’s gained up to 1.6% while Infosys, IndusInd Bank, Bharti Airtel, HDFC, Kotak Mahindra Bank lost up to 0.7 percent.

The stock of Bharti Airtel shed 0.97 percent to the day’s low of Rs 521 after it has signed an agreement with Millicom International Cellular S.A. 

Shares of LT Foods Ltd rose 4.3 percent to Rs. 84.55 after the company said its Qualified Institutional placement (QIP) opens with a floor price at Rs. 79.13 per share.

The rupee was trading higher against the U.S dollar and was trading at 64.18 a dollar, up 0.09 percent from its last day’s close of 64.24.

28 Nov Sensex, Nifty open lower on Tuesday, R-Com shares falls

Sensex Nifty falls Sensex & Nifty started little changed on Tuesday on a flat note with negative bias. At 10.30 am, the BSE Sensex was lower by 15.68 points at 33,708.76, while the NSE Nifty 50 fell 3.30 points to 10,396.25.

Shares of Reliance Communications (RCom) fell 7 percent after China Dev Bank has become the first lender to charge a case against Reliance Communications under the Insolvency & Bankruptcy Code

Shares of Eris Life sciences gain on outperform by 3.5% after brokerage firm Credit Suisse has initiated outperform rating with a price target of Rs. 770 a share.

The Indian rupee followed the stock market trend, dropping 7 paise at 64.57 versus the US dollar in the early trade.

Shares of Maruti Suzuki, Cipla, HDFC, Bajaj Auto, Adani Ports and Axis Bank, were the major gainers today in early hours, rising up to 0.7% while Power Grid, ONGC, ITC, NTPC, ICICI Bank, Asian Paints were laggards up to 1.6%.