The market may
surge in early trade as exit polls forecast on Wednesday, the Hindu nationalist
opposition Bharatiya Janata Party (BJP) emerged as the biggest winner in four
key state elections. Trading of CNX Nifty futures on the Singapore stock
exchange indicates that the Nifty could gain 85 points at the opening bell.
BJP's prime ministerial candidate for general elections in 2014, Narendra Modi
is considered a pro-business leader.
Swan Energy rose 1.85% to
Rs 115.85 at 10:25 IST on BSE after the company said its board of directors at
a meeting held on Wednesday, 4 December 2013, approved 2-for-1 stock
split.Meanwhile, the S&P BSE Sensex was up 387.75 points or 1.87% at
21,096.46. On BSE, 37,000 shares were traded in the counter as against average
daily volume of 2.14 lakh shares in the past one quarter.
 |
| Sensex Chart |
ICICI Bank and IDFC
are the major gainers, rallying 6 percent each. HDFC Bank and Axis Bank gained
more than 4 percent. In the capital goods space, L&T spiked 3.8 percent and
its rival 2.7 percent. HDFC, State Bank of India, Maruti Suzuki, GAIL, Hindalco
Industries, Jindal Steel and Tata Power jumped over 2 percent. However, Dr
Reddy's Labs and Sun Pharma are under pressure.
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