Stock markets were cheerful in early hours on Thursday as the country began counting of votes with early trends showing a comfortable win for Prime Minister Narendra Modi-led coalition in the just-concluded general elections.
At 10:38 am, the BSE S & P Sensex was up 710 points at 40,015.49 while the Nifty 50 gained 208 points to 11,946. At the National Stock Exchange, all sectoral indices were in the positive zone.
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Among the early gainers were IndusInd Bank which gained 7.5 per cent and Indiabulls Housing Finance which moved up 5.5 per cent. Zee Entertainment, State Bank of India and Larsen & Toubro also gained between 3.5 to 4 per cent.
#Sensex currently at 40,015.49 at 10:38 am https://t.co/aVFQpzRTcl
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But Vedanta, ONGC, Hindalco, Sun Pharma and Tech Mahindra were in the red.
Meanwhile, Asian stocks traded in the red as investor concerns grew over the escalating US-China tensions.
Shares fell were in the negative zone in Tokyo, Sydney, Hong Kong, Shanghai and Seoul.
(With ANI inputs)
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