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The BSE Sensex rose 1,618.85 points, or 2.16%, to end at 76,693.36, having touched a lifetime high of 76,795.31 during the day. The NSE Nifty rose 468.75 points, or 2.05%, to close at 23,290.15, about 50 points below its lifetime high of 23,338.70. ....
Traders and analysts are counting on the liquidation of bearish derivative bets by overseas money managers in the wake of exit polls on Saturday pointing to a strong performance by the Bharatiya Janata Party (BJP) in the general elections thats seen pushing the stock market to new highs on Monday. ....
FPIs may cut bearish bets, releasing bulls on D-Street today indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Last week, Nifty Bank surged 2 per cent following the announcement by the Reserve Bank of India (RBI) of giving a dividend of Rs 2.11 lakh crore to the government. ....
The volatility, which reached a two-year high, is likely to remain elevated until the election results, with the Nifty 50 expected to consolidate around the 23,000 mark, experts said. ....