Pre-poll booster shot for Sensex, soars over 300 points

March 12, 2019 10:04

The BSE benchmark Sensex Tuesday jumped over 300 points led by gains in metal, oil and gas, banking and energy stocks amid unabated buying by foreign investors and strong global cues.

Key indices extended the pre-election rally on expectations that the incumbent NDA government will get a second term following the announcement of 2019 general election dates earlier this week, experts said. BSE Sensex was trading 346.60 points, or 0.94 per cent, higher at 37,400.70. Similarly, the 50-share NSE Nifty climbed 86.65 points, or 0.78 per cent, to 11,254.70. The 30-share index ended at 37,054.10, up by 382.67 points, or 1.04 per cent, in its previous session Monday; and the Nifty closed at 11,168.05 points, up 132.65 points, or 1.20 per cent.

Top gainers in early trade include PowerGrid, NTPC, RIL, L&T, ICICI Bank, Tata Motors, HCL Tech and Vedanta, rising over 2.60 per cent. While, Bharti Airtel and IndusInd Bank were trading in the red. -- PTI

Image: ICICI Bank is among the top gainers.

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