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(9/2/2015 StockInvestingTips Bureau) - Looks like "Modi Wave" has finally ended, OK I shall wait for confirmation of the same tomorrow. Modi waves which were boosting investor sentiments till date due to hype created by BJP PR agencies are probably stopped by Anti-corruption cursuader
and IITian Arvind Kejriwal. However BJP's scapegoat Kiran Bedi has protected brand Modi to some extent.
Benchmark Indian Stock indices including BSE's SENSEX and National Stock Exchange's NIFTY witnessed heavy selling today. BSE SENSEX ended the day at 28227.39 pts, a decline of 490.52 pts. While National Stock Exchange's NIFTY50 declined by 134.70 pts to close at 8526.35 pts. If the Chankya exit poll turns out to be true even this time as it predicted the Lok sabha results exactly the way they went, then Aam Aadmi Party is sure to form a stable government in Delhi. This means that coming assembly elections in Bihar would keep BJP leadership on toes. Almost all of the sectoral indices at Bombay Stock Exchange closed in red today.
US dollar fell to 62.20 level as Foreign investors took out their money from Indian markets on Delhi Exit Polls results. 80 percent of SENSEX components or 24 out of 30 witnessed heavy selling while 6 closed higher today. NIFTY 50 fell below the crucial 8600 levels to end the day at 8526. Indian Stock Markets shall fall tomorrow too if exit polls results of Delhi turn out to be true and Delhi sees a rout of Delhi BJP.
Top 5 SENSEX gainers for today:
1)Dr Reddy's laboratories
2)Bajaj Auto
3)ONGC
4)Sun Pharma
5)Wipro Ltd
Top 5 SENSEX losers for today:
1)Larsen and Toubro Ltd
2)Tata Steel Ltd
3)Sesa Sterlite Ltd
4)Gail India
5)Cipla Ltd
and IITian Arvind Kejriwal. However BJP's scapegoat Kiran Bedi has protected brand Modi to some extent.
Benchmark Indian Stock indices including BSE's SENSEX and National Stock Exchange's NIFTY witnessed heavy selling today. BSE SENSEX ended the day at 28227.39 pts, a decline of 490.52 pts. While National Stock Exchange's NIFTY50 declined by 134.70 pts to close at 8526.35 pts. If the Chankya exit poll turns out to be true even this time as it predicted the Lok sabha results exactly the way they went, then Aam Aadmi Party is sure to form a stable government in Delhi. This means that coming assembly elections in Bihar would keep BJP leadership on toes. Almost all of the sectoral indices at Bombay Stock Exchange closed in red today.
US dollar fell to 62.20 level as Foreign investors took out their money from Indian markets on Delhi Exit Polls results. 80 percent of SENSEX components or 24 out of 30 witnessed heavy selling while 6 closed higher today. NIFTY 50 fell below the crucial 8600 levels to end the day at 8526. Indian Stock Markets shall fall tomorrow too if exit polls results of Delhi turn out to be true and Delhi sees a rout of Delhi BJP.
Top 5 SENSEX gainers for today:
1)Dr Reddy's laboratories
2)Bajaj Auto
3)ONGC
4)Sun Pharma
5)Wipro Ltd
Top 5 SENSEX losers for today:
1)Larsen and Toubro Ltd
2)Tata Steel Ltd
3)Sesa Sterlite Ltd
4)Gail India
5)Cipla Ltd
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