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Indian market rallies on BJP win, NSE closes above 9000 first time ever

| | Mar 14, 2017, at 10:04 pm
Mumbai, Mar 14 (IBNS): The market reacted positively to the Bharatiya Janata Party's overall success in the recently concluded state Assembly elections, especially the significant win in Uttar Pradesh, and rallied to a record high on Tuesday.

The BSE Sensex closed at a two-year high of 29442.63, up 496.4 points and the NSE Nifty closed above 9000-mark for the first time ever at 9074.80, up 140.25 points.

Some of the key stocks that gained on Tuesday were ICICI Bank, HUL, Asian Paints, Ultratech Cement, HDFC and Sub Pharma while Coal India, Idea Cellular, Bharti Airtel, Axis Bank, GAIL and Bjaja Auto were some of the key stocks that declined.

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