Market extends gains as BJP set to win in Gujarat and Himachal Pradesh
Benchmark indices held on to their gains from earlier in the session after BJP was seen forming the government in Gujarat and Himachal Pradesh. In addition, positive cues from other Asian and European equities also supported the sentiment of investors.
At 1:55 PM, the Nifty 50 index was up 91.65 points, or 0.9% at 10422.8 points, while the BSE Sensex was at 33741.3 points, up 285.2 points or 0.85%.
Shares of fertilizer companies were up after the government sought approval from Parliament to spend Rs205bn in subsidies for fertilizers in the remainder.
Shares of most metal companies were higher today, with the Nifty Metal index leading the sectoral indices, tracking higher base metal prices in global commodity markets.
Shares of Petronet LNG rose nearly 4% to a six-session high on a pact, which is likely to lead to cheaper liquefied natural gas imports for the company from the Gorgon LNG project in Australia.
At 1:55 PM, the Nifty 50 index was up 91.65 points, or 0.9% at 10422.8 points, while the BSE Sensex was at 33741.3 points, up 285.2 points or 0.85%.
Shares of fertilizer companies were up after the government sought approval from Parliament to spend Rs205bn in subsidies for fertilizers in the remainder.
Shares of most metal companies were higher today, with the Nifty Metal index leading the sectoral indices, tracking higher base metal prices in global commodity markets.
Shares of Petronet LNG rose nearly 4% to a six-session high on a pact, which is likely to lead to cheaper liquefied natural gas imports for the company from the Gorgon LNG project in Australia.
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