Thursday 19 May 2016

Nifty hovers around 7850; BJP leads in Assam, TMC in West Bengal

Sensex Down
The market remained under pressure in noon trade with the Sensex falling 100.51 points to 25604.10 and the Nifty down 29.65 points to 7840.50 ahead of final outcome of assembly elections.

BJP continued to be leading party and Congress completely routed in Assam. Mamata Banerjee-led TMC is set to win in West Bengal, AIADMK in Tamil Nadu and LDF in Kerala.

The broader markets outperformed benchmarks with the Smallcap index rising 0.3 percent. About 1188 shares advanced against 1017 declining shares on Bombay Stock Exchange.

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