OPENING BELL: Markets Recover As Election Results Trickle In. Sensex Up By 160 Points

Mumbai: After three days of lacklustre trading, the Indian stock markets have finally shown signs of a recovery. At least a part of this recovery could be dedicated to the election results and investors’ faith. In the last three trading sessions, global cues included an impending Fed rate hike coupled with the fears of a repo rate hike by the Reserve Bank of India (that happened yesterday), investors mostly showed bearish sentiments ending the Dalal Street in red.

Axis Bank, ICICI Bank, Larsen, M&M and Nestle are the top gainers as of now, 10:26am IST, on the Bombay Stock Exchange. Sun Pharma, Kotak Mahindra, HDFC Life, SBI Life Insurance, TCS and Power Grid Corp are the top gainers on the National Stock Exchange.

At 10:27 am IST, BSE Sensex was trading 136.25 points up at 62,546.93 and NSE Nifty was trading 41.85 points up at 18,602.35.

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.