Lok Sabha Election

Equities trade strong as initial trends give BJP the lead

Nifty and Sensex open at record high as NDA crosses halfway mark in opening trends, at Bombay Stock Exchange on Lok Sabha Election results day on Thursday. Sensex was up 956 points at 40,067, and Nifty breached 12,000 to trade at 12,018, gaining 280 points.   | Photo Credit: Prashant Nakwe

Equity markets opened strong on Thursday as initial trends showed the Bharatiya Janata Party (BJP) heading towards a strong majority - in line with most exit polls.

At 9.55 a.m. on Thursday, the benchmark Sensex was trading at 39,833, up 722 points or 1.85%. The broader Nifty gained 214 points or 1.82% to touch 11,952.

Interestingly, India VIX index, which is looked upon as a barometer of near term volatility, dropped by over 26%.

The market breadth was also strong with more than 1,200 stocks gaining ground as against 372 declines.

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Printable version | Oct 20, 2020 11:53:22 PM | https://www.thehindu.com/elections/lok-sabha-2019/equities-trade-strong-as-initial-trends-give-bjp-the-lead/article27215104.ece

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