INSUBCONTINENT EXCLUSIVE:
Reliance Industries, HDFC and HDFC Bank contributed the most to the advances on Sensex
Domestic
stock markets hit new all-time highs on Tuesday extending their rally to a fourth day running, after exit polls predicted a win for the
Bharatiya Janata Party-led National Democratic Alliance (NDA) in the recently concluded general elections
The SP BSE Sensex rose as much as 219.06 points to an all-time high of 39,571.73 in early trade, and the NSE Nifty moved to a record
11,883.55, up 55.3 points from the previous close
Both the benchmark indexes surpassed their all-time highs registered in April this year
Nifty was up 21.65 points - or 0.18 per cent - at 11,849.90.Top gainers on the 50-scrip index at the time were Dr Reddy's Laboratories,
Bharti Infratel, Reliance Industries, UPL and Cipla, trading between 2.02 per cent and 3.77 per cent higher.Reliance Industries, HDFC and
HDFC Bank contributed the most to the advances on Sensex.On the other hand, top laggards on the Nifty 50 were Tata Motors, Bharat Petroleum,
Indian Oil, Adani Ports and IndusInd Bank, trading between 2.66 per cent and 4.92 per cent lower.Tata Motors shares fell as much as 3.66 on
the BSE, a day after the carmaker reported its earnings for the quarter ended March 31
its first quarterly profit in the fiscal year.Some analysts say that the rally before the election results due on Thursday could be
form government comfortably, predicts poll of polls)Equities in other Asian markets wobbled near four-month lows on mounting worries about
four-month low touched on Friday
It has fallen about 8 per cent from a nine-month peak hit just over a month ago
Japan's Nikkei fell 0.5 per cent.In New York, the SP 500 lost 0.67 per cent while the Nasdaq Composite dropped 1.46 per cent.On Monday,
the Sensex and Nifty had risen 3.75 per cent and 3.69 per cent respectively to end at record highs, registering their biggest single-day
gain since September 2013.(With inputs from Reuters)Election Results for Lok Sabha Election 2019 will be out on May 23
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