INSUBCONTINENT EXCLUSIVE:
Advances in banking, financial services and energy stocks led the upmove
Domestic stock markets gave
up most of early gains on Friday, as losses in IT, energy and fast-moving consumer goods stocks offset advances in financials
The SP BSE Sensex retreated as much as 399.59 points from the day's high of 39,223.85
The NSE Nifty - which advanced 118.5 points to hit 11,775.55 in first few minutes of trade - almost gave up all of the gains to 11,658.10
The rupee appreciated by 34 paise in early trade to quote at 69.68 against the dollar
in morning trade against 507 declining
On the BSE, 1,260 stocks traded with gains against 726 that struggled with losses.Top gainers on the 50-scrip benchmark index at the time
Bharatiya Janata Party-led National Democratic Alliance (NDA) is ahead in 343 of the 542 seats, while the BJP has crossed the 300 mark
In 2014, the party had won 282 seats, the NDA 336.Analysts say that a BJP victory has been factored in.Equities in other Asian markets
stumbled to a four-month low on worries the US-China trade spat was developing into a more entrenched strategic dispute between the world's
two largest economies, pushing investors to safe-haven assets.MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2
per cent to a fresh four-month low, and was on track for a third straight weekly loss, down 1.0 per cent so far on the week.The Sensex and
Nifty indexes had ended 0.76 per cent and 0.69 per cent lower, after retreating from record highs hit during the session.Chinese shares
recovered slightly, with the benchmark Shanghai Composite up 0.2 per cent and the blue-chip CSI 300 rising 0.3 per cent, while Hong Kong's
Hang Seng added 0.2 per cent
Japan's Nikkei average dropped 0.7 per cent.(With inputs from Reuters)Election Results for Lok Sabha Election 2019 will be out on May 23
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