After the Elections Schedule announcement the Stock markets are rallying at super speed. On Friday the Bombay Stock Exchange [BSE] jumped 400 points and and hit a record high of 21,960.89. The Sensex ended at 21,920, up 406 points, while the Nifty advanced 125 points to close at 6,527. Overall the BSE gained by 1.89% while Nifty gained 1.94%.
The Rupee value too is getting appreciated. It closed at Rs 61.09 and at one time of time Rupee went below 61 touching 60.95. JP Associates, Yes Bank and DLF are the best gainers for the day and IT was a loser. IT index fell 1.97% at 9,520.00.