AAPÂ boosts Sensex by 600 |
Trading on India`s stock markets on February 10 was marked by extreme volatility as investors tried to gauge the impact of AAP`s win in the Delhi state elections but at the end closed 128 points higher, reversing a seven-session slide. The Sensex witnessed nearly 600-point swings in intra-day trades and closed at 28,356. Foreign funds remained big sellers with Rs 1,261-crore net outflow. Market players said since the traders had already discounted an AAP win after exit poll results, the actual event did not push them into any panic mode. Most brokers and analysts said that such a thumping win for a new party fighting against corruption and for development at the grassroots will keep the BJP-led government on its toes. The main challenge for the Modi government now, market players said, is the revival of the investment cycle while for Arvind Kejriwal, it is delivery on his promises.
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