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Share market: IT shares fall; Sensex rises over 200 points; Nifty50 tops 10,800; Bandhan Bank jumps 6%

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State elections and stock markets-Shock for BJP! Congress leads in Madhya Pradesh, Rajasthan, Chhattisgarh; Sensex down by 330 points!

Countdown has begin and all eyes are watching two developed parties Congress and BJP, as today the outcome of assembly elections will be announced.
Ahead of the result, markets have already shown a negative sentiment, as in previous trading session, BSE Sensex cracked below the 35,000 mark to close at 34,959.72. The broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45.The benchmark Sensex plummeted 714 points as investors panicked over exit polls suggesting the Congress is giving a tough fight to the ruling BJP in state elections. The bruised rupee and weak global cues also further dampened sentiment. 


Share Market LIVE, Election results Updates:  Sensex opened today at 34,603.72. Before the market opened, all eyes were on the stock market as the counting for five state assembly elections has started today, a day after RBI governor Urjit Patel resigned. Patel's decision to quit as the Governor of the Reserve Bank came as a jolt to investors as it has apparently sha…

Opening Bell for December 11 2018

INTRADAY+BTST: BUY SBIN 280PE FIRE..................17.10...........!!!
The market fell sharply on December 10 with the Sensex losing more than 700 points after mixed outcomes from exit polls. Weak global cues amid rising tensions between the US and China also dampened market sentiment.

The Nifty50 closed below psychological 10,500 levels, forming small bearish candle on the daily charts on Monday. Traders retained their cautious stance ahead of outcome of five states' elections which is scheduled to be announced on December 11, and after Urjit Patel resigned as RBI governor. "The short term trend of Nifty is dicey. All eyes on tomorrow's 5 states assembly election results, which are expected to be out completely by noon," Nagaraj Shetti, Technical Research Analyst at HDFC securities said. Hence, a 10,450 levels is going to be a make or break situation for the bulls to hold on a defense, he added.

RBI Deputy governor Viral Acharya resigns minutes after the RBI governor Urjit Patel left his post

RBI Deputy governor Viral Acharya resigns minutes after the RBI governor Urjit Patel left his postAcharya assumed the office of Deputy Governor of RBI on January 20, 2017. NEW DELHI: RBI is locked in major tussle with the government over its autonomy Government has appointed several of its nominees to the board Urjit Patel says quitting effective immediately for personal reasons

In a series of tweets, Prime Minister Narendra Modi said Mr Patel "leaves behind a great legacy. We will miss him immensely".
Full  text of statement by Governor
On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Direct…

Share market update:Sensex falling 600 pts, Nifty nears 10,500, 200 stocks hit 52-week lows on NSE

The S&P BSE Sensex started at 35,204.66 and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,508.70 against their last closing levels of 35,673.25 and 10693.70 respectively. At 9:55 am, the 30-share Sensex was at 35,023.98, down 649.27 points or 1.82 per cent and the 50-scrip Nifty was at 10,498.10, with a loss of 195.60points or 1.83 per cent. All 50 Nifty stocks and the entire 30-share Sensex pack plunged. 


Top losers include Reliance Industries, Adani Ports, PowerGrid, Coal India, Asian Paints, Kotak Bank, ONGC, Vedanta, Yes Bank, Bharti Airtel, Hero MotoCorp and ICICI Bank, falling up to 4 per cent.
Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. International Brent crude oil futures were at $62.15 per barrel at 0129 GMT, up 48 cents, or 0.8 percent, from their last close.
Rupee at 3 week low; slips past 71 per US dollar -…