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Sensex jumps to 190 points on metals and power stocks

The political drama that played out during the day was reproduced in the stock markets as well. The Indian benchmark indices, after an unpredictable session which saw the market rising by as much as 1.9 per cent, ended the day down 1.1 per cent from their previous close. The BSE Sensex closed at 17173, down 189 points, while NSE Nifty closed at 5222, down 58 points.

Sensex

Sensex

“Congress winning in the state elections would have been welcome news for the markets since that would have ensured a smooth ride for the reforms initiated by the government at the centre,” said Ms. Shanu Goel, Senior Research Analyst with Bonanza Portfolio. The highest the Sensex touched during the day was 17691, while the day’s lowest was 17128.

Among the Sensex 30 stocks, DFL, ITC, Infosys and Maruti were up, more than one per cent. Hindalco, Sterlite Industries, Tata Steel, Tata Power, Jindal Steel, Bharti Airtel, BHEL, Tata Motors, RIL, L&T and Cipla were the top laggards, each down more than two per cent.

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