Stock market rises on Haryana poll results
PrashantNews
Breaking bearish trend, the Indian stock market on Tuesday returned to its bullish mode with the benchmark BSE Sensex climbing more than 600 points and Adani shares showing new resurgence.
The Sensex closed at 81,634.81 points in the evening, a rise of 584 points. Nifty also sharply climbed by 217 points to close at 25,013.15.
Adani Ports, Adani Enterprise and other group stock remained in big demand gaining 5 to 7 percent with Adani Energy Solutions closing at 1008.75, a gain of 8.13 percent.
Market experts said the bullish trend came after BJP made a surprise hat-trick in the Haryana assembly elections. Though the fighting in the West Asia region was continuing unabated with Israeli forces pounding more missiles in Gaza and Beirut, the stock market ignored the developments.
Paytm (One 97 Communications ltd) continued to rise with the stock zooming more than 15 percent to cross Rs 750 level.
In the sensex category, Reliance, M&M, HDFC Bank and LT showed smart gains.