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Sensex rises over 200 pts to hit record high

MUMBAI: The benchmark BSE sensex jumped over 200 issues to hit a report intra-day excessive of 39,565.82 as buyers' euphoria over exit poll result persisted in early consultation on Tuesday.

The 30-share index used to be trading 205.24 issues, or zero.52 according to cent, upper at 39,557.91.

In identical motion, the broader NSE Nifty rose 48.90 issues, or zero.41 according to cent, to 11,877.15.

In the previous consultation, the sensex ended 1,421.90 issues, or 3.75 according to cent, upper at 39,352.67, and the Nifty soared 421.10 issues, or 3.69 according to cent, to 11,828.25.

Top gainers within the sensex pack in morning trade include HDFC twins, Bajaj Finance, Coal India, RIL, Bajaj Auto, HUL, IndusInd Bank, Sun Pharma, Vedanta, Axis Bank and Asian Paints, emerging as much as 2.21 according to cent.

On the opposite hand, Tata Motors, Yes Bank, Bharti Airtel, Tata Steel, SBI, Infosys, ONGC and TCS fell as much as 3.18 according to cent.

"Market has given a thumbs-up to exit poll numbers. Sentiments have turned around drastically and the benchmark indices can gain 5-8 per cent more from here over the next few weeks if the final election outcome is in line or even better than exit polls," stated Gaurav Dua, senior VP, head – strategy and investments, Sharekhan through BNP Paribas.

Most exit polls forecast every other term for Prime Minister Narendra Modi. The result of the seven-phase polls might be introduced on May 23.

Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities available in the market this week in view of the high-octane election related events lined up.

Foreign institutional buyers bought equity worth Rs 1,734.45 crore on Monday, while home institutional buyers offered shares to the song of Rs 542.71 crore, provisional knowledge available with stock exchanges showed.

Elsewhere in Asia, bourses in China, Japan and Korea had been trading on a combined observe of their respective early classes.

Benchmarks on Wall Street ended within the red on Monday.

On the foreign money entrance, the rupee liked marginally to 69.71 towards the USA dollar in opening trade on Tuesday.

Brent crude, the global benchmark, used to be trading at 72.20 according to barrel, upper through zero.32 according to cent.

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