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Early Trends of Delhi Election has Positive Impact on Stock Market, Sensex Rises 400 Points

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Mumbai: Delhi Assembly Elections results are to be declared today. The counting for the votes have been started from 8 am. In the early trends AAP indicate to return to the power in Delhi. So the stock market opened up well. It seems that the stock market is happy with the initial trends. The Bombay Stock Exchange major index Sensex opened by 203.77 points at 41183 .39 and the index added about 100 points as soon as it opened. At the same time, the Nifty opened at 12108.40 adding 76.9 points.

The Sensex had added around 450 points in the opening half-hour trade. The Sensex was seen trading up 408.17 points at 41,387.79 around 9.40 minutes. The index has been seen at 41,418.64 points in the first half hour. At the same time, the Nifty was seen at the level of 12,151.45 with the index gaining 1% at this time. In early trade, Sensex stock appeared on the red mark. Talking about the fastest growth, Tata Steel, UltraTech Cement, Axis Bank, ITC and SBI are visible in the shares.

The Sensex had lost 162.23 points to close at 40,979.62 on Monday and slipped to 40,798.98 during trading. The Nifty closed down 66.85 points at 12,031.50. Mahindra & Mahindra and Tata Steel were the major losers.