Benchmark Indian indices Sensex and Nifty 50 recovered after early losses even as investors factored in BJP’s poor performance in assembly elections.
Latest trends in assembly election results showed the Congress leading in Madhya Pradesh, Rajasthan and Chhattisgarh—three states where BJP was in power.
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While the markets plunged in early trade over 1% on Reserve Bank of India Governor Urjit Patel’s unexpected resignation late on Monday, investors shrugged off both events and the indices ended the day in the green.
The BSE Sensex closed 190.29 points up at 35,150.01 and the Nifty 50 ended 60.70 points, higher at 10,549.12.