Sensex jumps 216 pts after exit polls give BJP an edge

A broker monitors share prices at a brokerage firm

Indian markets rebounded closing Thursday's session with gains as investors shifted their attention to exit poll results of Gujarat assembly elections.

The NSE Nifty went above 10,200-mark.

India's economic growth has bottomed out and will recover further to 7 per cent over the next few quarters, but it is likely to take a few years to return to 7.5 per cent above levels, Standard Chartered said in a research report.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at 33,462.97 points - up 216.27 points or 0.65 per cent - from its previous close.

Also, the NSE Nifty rose 37.70 points, or 0.36 per cent, to 10,230.65.

Intra-day, it shuttled between 10,276.10 and 10,141.55.

French school bus crash toll rises to six
The rescue efforts began shortly after the crash, with 70 emergency workers and four helicopters in the area. Authorities urged drivers to avoid the route where the accident took place.

In her final act as the Fed chair, Janet Yellen moved to hike rates to a range of 1.25 per cent to 1.5 per cent, citing solid United States job growth and household spending. The election results would be declared on Monday with market participants expecting a volatile session follow as the results start pouring in.

In the forex market, the rupee appreciated 23 paise to 64.11. Meanwhile, foreign portfolio investors (FPIs) net bought shares worth Rs 232.17 crore yesterday.

"Metals gained its sheen after the recent correction, while bank nifty and auto outperformed the main index as investors used the advantage of bargaining opportunity", he added.

On the other hand, Cipla (2.53%), Oil & Natural Gas Corporation (0.87%), Asian Paints (0.54%), Tata Consultancy Services (0.42%), State Bank Of India (0.41%), and Bharti Airtel (0.38%) were the biggest losers in the Sensex.

Axis Bank gained 1.2 percent.

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