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Sensex, Nifty strategy for election day: On Sensex, an analyst with 5Paisa.com sees support at 75,850, followed by 75,230 while the resistance is seen at 76,900, following which the index can test 77,350 level.
The FIIs' long-short ratio in index futures at oversold levels may also be indicating a rebound.
The gains in Nifty were led by financial services and telecom stocks. Meanwhile, IT and oil and gas stocks declined.
231 smallcaps suffer double-digit losses as investors 'sell in May'. Will they come back in June? The stock market cliche of 'sell in May and go away' proved true this year amid general election uncertainties. Concerns over BJP's election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.
Paytm share price: The stock moved 5 per cent higher in early trade to hit a high of Rs 396.35. As the session progressed, it slipped 8.58 per cent from its day's high to trade at Rs 362.35.