Headline • Bollywood celebs urges their fans to donate for Kerala flood• Kerala flood: Death toll rises to 324, fresh red alert in 13 districts of Kerala• Former PM Vajpayee cremated with full state of honours in Smriti Sthal• People pays tribute during Varanasi's ganga arti to Former PM Atal Bihari Vajpayee• Bollywood celebs took twitter to express their pain on Former PM's demise • Mortal remains of Former PM Vajpayee being taken to Smriti Sthal • As a mark of respect, several states declares public holiday on Atalji's demise• Neighbouring country Pakistan pays tribute to Former PM Atal Bihari Vajpayee• Huge crowd gathers at BJP HQ, pays tribute to the mortal of former PM Vajpayee• PM Modi, Rahul Gandhi and others visited Vajpayee's residence, pays tribute• The Former PM and BJP stalwart Atal Bihari Vajpayee dies at 93• Truck crushes bike rider to death in Uttar Pradesh• Gujarat's Sterling Biotech owner held in Dubai for 5000 cr fraud case• Gold and Satyameva Jayate records their highest day 1 collecttion, at the box office• Former Indian test captain Ajit Wadekar passes away at 77• School van carrying 25 childrens over-turns in farm, in Hamirpur• In Kaabul suicide bombing, 47 died and 67 injured• Vajpayee's condition worsens, leaders continue to visit ailing Former PM AT AIIMS • Kerala flood: death toll rises to 72,Kochi airport shut for four days• Kerala on red alert: CM Vijayan asks Rajnath for additional teams of Army, NDRF• Former PM Atal Bihari Vajpayee's condition critical, put on life support system• United States praises India for becoming a leading Global power• First poster of Kangana's "Manikarnika" is out on Independence day• In UP students of Islamic institute hosts flag on Independence day• CM Rawat hosts National flag on 72nd independence day in Uttrakhand


Mumbai:  Even as the Sensex and Nifty reacted to the closely contested elections in Gujarat and Himanchal Pradesh, first shedding more than 800 points when the scales tilted in favour of Congress and bouncing back to gain 250 points when BJP lead, top market voices say that the markets were expecting a more easy win for BJP.

Stock markets today stabilised a bit after a crash earlier on as available leads showed the BJP having an upper hand in Gujarat and Himanchal Pradesh assembly polls within two hours of counting of votes.

Both Sensex and Nifty made good all their early losses and traded much higher. In fact, the BSE index was up 241 points whereas the Nifty barometer reclaimed the 10,400-mark.

Meanwhile, the BJP is leading in 83 Assembly seats and the Congress in 62, according to trends available so far for 150 seats in Gujarat. In Himanchal Pradesh, the BJP is ahead in 36 seats while for the Congress, the figure is 21.

The 30-share BSE Sensex bounced back to 33,703.51, up 240.54 points, or 0.71 percent.

The gauge rallied 409.93 points in the previous two sessions after exit polls had predicted BJP win in Gujarat and Himanchal Pradesh assembly elections.

The 50-issue NSE Nifty, which had lost over 258 points in the opening trade, was higher by 77.85 points, or 0.75 percent, at 10,411.10 at 1000 hours.

The rupee recovering much of its lost ground against the dollar provided more support. Major gainers were M&M, Adani Ports, L&T, ICICI Bank, HDFC Bank, SBI and Tata Steel, rising by up to 2.46 percent.

Other Asian markets too were in a better shape, taking positive leads from record highs on Wall Street on Friday.

 Japan's Nikkei was up 1.39 percent and Hong Kong's Hang Seng rose 0.53 percent. Shanghai Composite, however, was down.

 

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