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Bulls are back with a bang
after over 850 points fall as the BJP looked set to retain power in
Gujarat, with the party winning 46 seats and leading in 53 others in the
keenly-contested polls to the 182-member Assembly. The Congress, which had 61
seats in the outgoing Assembly, looked to have improved its tally this time as
it has won 44 seats and is leading in 33 seats so far. The index hit a high of
33801 and settled up 138 points at 33601. The gauge gained 409 points in the
previous two sessions after exit polls had predicted BJP win in Gujarat and
Himachal Pradesh Assembly polls. The Nifty future reclaimed the key 10400-mark
to close higher by 51 points, at 10410. It moved between 10459 and 10060
intraday. Barring realty, all other sectoral indices ended in the positive
zone. Among them, metal index gained the most by 1.83 %, followed by auto 1.21
%, consumer durables 0.94 % and healthcare 0.78 %. On the other hand, realty
index was down 0.29 %. Top five Sensex gainers were M&M (+2.71%), Sun
Pharma (+2.06%), State Bank of India (+1.97%), Wipro (+1.9%) and ICICI Bank
(+1.78%), while the major losers were YES Bank (-1.23%), Coal India (-1.11%),
Infosys (-0.79%), ITC (-0.62%) and Kotak Bank (-0.53%).