Sensex up over 250 pts, Nifty below 10,350; HDFC Bank hits new high

indian stock market

Exit poll results indicated that the BJP is likely to be a winner in Gujarat and Himachal Pradesh assembly elections.

Equity benchmarks remained strong but came off early highs. Investors await the outcome of Gujarat and Himachal Pradesh elections due on December 18, though exit polls announced on Thursday indicated BJP win in both states.

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The 30-share BSE Sensex was up 278.07 points at 33,524.77 and the 50-share NSE Nifty rose 91.30 points to 10,343.40.

About 1,666 shares advanced against 616 declining shares on the BSE.

Prime Minister Narendra Modi today hoped the Winter Session of Parliament will be a productive one with constructive debates and innovative suggestions that will help resolve the country’s problems.

The government is expected to table 25 pending bills and 14 new ones, including a bill providing Muslim women the right to seek maintenance in case of triple talaq, during the session which begins today.

Gold prices declined by Rs 55 to Rs 28,300 per 10 grams in futures trade today due to profit-booking by speculators amid a weak global trend.

Gold for delivery in far-month April fell Rs 55, or 0.19 percent, to Rs 28,300 per 10 grams, in a modest business turnover of one lot at the Multi Commodity Exchange.

Also, gold for delivery in February contracts too was trading down by Rs 51, or 0.18 percent, at Rs 28,266 per 10 grams in a business turnover of 145 lots.


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