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Sensex rises over 150 points; Nifty tests 11,700

MUMBAI: The benchmark BSE sensex jumped over 150 issues in early trade on Wednesday, led via beneficial properties in oil and gas, banking and IT shares, forward of the overall election results.

The 30-share index was once buying and selling 157.51 issues, or zero.40 in keeping with cent, upper at 39,127.31.

In identical movement, the wider NSE Nifty rose 30.90 issues, or zero.26 in keeping with cent, to 11,740.

In the previous consultation, the sensex ended 382.87 issues, or zero.97 in keeping with cent, lower at 38,969.80, and the Nifty plunged 119.15 issues, or 1.01 in keeping with cent, to 11,709.10.

Top sensex gainers in morning trade come with Sun Pharma, Bharti Airtel, ICICI Bank, RIL, HDFC twins, Tata Motors, ONGC, Infosys, Maruti and Kotak Bank, emerging as much as 1.38 in keeping with cent.

On the opposite hand, Yes Bank, IndusInd Bank, ITC, HUL, Bajaj Finance and Tata Steel fell as much as 2.84 in keeping with cent.

According to experts, investor sentiment grew to become certain this week after most go out polls forecast a win for Narendra Modi-led NDA. The result of the seven-phase polls will pop out on Thursday.

Continued foreign fund inflow too buoyed market mood here, buyers said.

Foreign institutional traders bought fairness worth Rs 1,185.44 crore on Tuesday, whilst domestic institutional traders offered stocks to the music of Rs 1,090.32 crore, provisional data to be had with stock exchanges showed.

Elsewhere in Asia, bourses in China, Japan and Korea were buying and selling on a blended observe of their respective early classes.

Benchmarks on Wall Street ended within the inexperienced on Tuesday.

On the forex front, the rupee favored 4 paise to 69.67 against the US dollar in opening trade on Wednesday.

Brent crude, the global benchmark, was once buying and selling at 71.81 in keeping with barrel, lower via zero.51 in keeping with cent.

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