Sensex zooms nearly 200 points as investors upbeat on Karnataka election trends
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NEW DELHI: Equity markets on Wednesday saw a positive start in morning trade as positive sentiment prevailed in the Street after BJP took early lead in Karnataka assembly election results.
30-share BSE Sensex opened around 20 points in the negative but zoomed into the green zone as the early trends of counting of votes started pouring in. At 9.30 am, Sensex was up more than 200 points at 35,759.40. The broader 50-share NSE Nifty too was gaining more than half a per cent and had gone past 10,850-mark.
All sectors were trading in the green with Metal and IT sub-indices gaining more than 0.5 per cent each.
On Tuesday, investors had turned cautious ahead of the poll results as the benchmark indices finished flat.
PowerGrid, Tata Steel, Hindustan Unilever and ONGC were gaining the most while Tata Motors was bleeding the most.
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As the results for the Maharashtra polls will be announced tomorrow, Shiv Sena (UBT) leader Sanjay Raut on Friday exuded confidence in the victory of the Maha Vikas Aghadi (MVA), saying that around 160-165 MLAs will be elected from MVA.
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The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
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President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States.
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