Assam exit polls boost Sensex |
Equities jumped for a second straight session on May 17 as the BSE Sensex rose 120 points to 25,773.61 after investors raised their exposure following exit polls that showed BJP coming to power in Assam for the first time.A higher closing in other Asian markets and a firm opening in Europe after crude oil prices pushed towards USD 50 a barrel added to the positive sentiment.Broader markets too joined the bull run as BSE small-cap and mid-cap indices ended 0.19 per cent and 0.13 per cent higher, respectively.Shares of Sun TV zoomed 9.76 per cent to Rs 431.65 after exit polls gave DMK-Congress alliance a comfortable majority in the Tamil Nadu Assembly. Owner of Sun TV, Kalanithi Maran is considered to be close to top DMK leaders.Exit polls at the end of polling in Assam, West Bengal, Tamil Nadu, Kerala and Union Territory of Puducherry showed BJP winning Assam elections for the first time.Polls also suggest an improvement in BJP`s seat tally in West Bengal and Kerala, which is likely to enhance the central government`s ability to push through legislative reforms. However, profit-taking towards the fag-end trimmed most of the session`s gains.
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