Sensex falls below 29,000,Nifty around 8950 after 5 states eliection exit polls

Benchmark indices edged higher in early trade after various exit polls showed that ruling party at the Centre. However, at 10.15 am, the barometer index, the BSE Sensex, was up 61.97 points or 0.21% at 28,991.10 while the Nifty50 index was up 18.75 points or 0.21% at 8,945.75. The BSE Mid-Cap index was up 0.16% and the The BSE Small-Cap index was up 0.51%. BSE IT index rose 0.7% as the top gainer. Largecap IT stocks TCS, Infosys and Wipro also added over 1%. 

Results of various exit polls released yesterday, 9 March 2017 forecast a hung assembly in the key state of U.P where BJP would come forward as the largest single party. Final results of the recent elections held in five states including Uttar Pradesh, Goa, Uttarakhand, Punjab and Manipur are due tomorrow, 11 March 2017. 

Markets trade flat; Nifty holds 8400, Elite Investment Advisory Services

Indian share markets indices opened on Thursday in red amid mixed cues in Asian markets and investors vigilant on the corporate earnings season continues. At 10:15 am, the BSE Sensex was trading at 27,251, down 0.02% percent, while the broader Nifty50 was ruling at 8,410, down 0.08% percent. Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising 0.17% and 0.10% respectively. 

The dollar index progressed by comments from Federal Reserve Chair Janet Yellen. The rupee is trading at 67.94 to the US dollar. Sectoral indices have opened today with oil & gas stocks witnessing maximum buying interest, while realty & banking stocks have opened the day in red.

Investment Advisory Company