Nifty touches all time high of 9122 after BJP's massive Uttar Pradesh polls win

14 March 2017, 10:24 AM

In a major boost to domestic market, Nifty hits new high at 9,122.75 in opening trade while Sensex has surged 616 points to 29,561.93 after Bharatiya Janata Party's massive victory in Uttar Pradesh and Uttarakhand.

As per Indiainfoline, ICICI is leading in the Nifty chart as top gainer in the morning hours on Tuesday. Its stock is trading at Rs 283.75 per share, up by 4.88%.

The rupee opened higher by 2 paise at 66.69 per dollar and within few minutes of early trading it crossed one year high of Rs 66.2 per dollar.

The market sentiments were witnessed after the BJP performed extremely well in Uttar Pradesh and Uttarakhand clinching comprehensive majority in the two states.

All sectoral indices led by bank, capital goods andrealty were in the positive zone with gains up to 2.20 percent. The 50-share NSE Nifty climbed 188.20 points, or 2.10 percent, to record an all-time high of 9,122.75 intra-day,surpassing its previous corresponding figure of 9,119.20 onMarch 4, 2015.

The 30-share Sensex too zoomed 615.70 points, or 2.12 percent, to trade at 29,561.93, a level last seen on March 4,2015. The gauge had gained 44.29 points in the past twosessions. Markets were shut on Monday on account of Holi. 

Sectorally, the BSE bank index gained the most, rising2.20 per cent, followed by capital goods 2.10 per cent andrealty by 1.61 per cent. In rest of Asia, Shanghai Composite and Hong Kong's HangSeng were up while Japan's Nikkei dropped in early trade todayas investors look ahead to the Federal Reserve's policymeeting this week.

First Published: Tuesday, March 14, 2017 09:45 AM

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