Sensex, Nifty continue to rise; Sun TV jumps 10%, HUL down

The market is still holding its gains with the Nifty above 7900. The Sensex Sensex is up 158.50 points or 0.6 percent at 25811.73, and the Nifty is up 47.95 points or 0.6 percent at 7908.70. About 1230 shares have advanced, 784 shares declined, and 118 shares are unchanged.

ONGC, Axis Bank, GAIL, HDFC and L&T were top gainers in the Sensex while NTPC, HUL, Bharti, Adani Ports and SBI are major losers in the Sensex.

Shares of Sun TV Network surged 10 percent as most exit polls have predicted that the DMK-Congress alliance may win the state elections in Tamil Nadu. Chennai-based Sun TV owned by Kalanithi Maran (grandnephew of DMK President M Karunanidhi) is seen gaining high revenue growth when DMK is in power.

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Posted in: Indian Market Tips