Market rejoices poll verdicts as Nifty gains 1.07 pc

Mumbai, May 13 (PTI) Markets reacted bullishly to the election results in four states and a union territory as the domestic bourses witnessed frantic across the board activities after an overnight fall with the benchmark S&P CNX Nifty gaining 58 points at the National Stock Exchange (NSE) today.

The 50-share S&P CNX-Nifty shuttled between a high of 5,605.00 and low of 5,472.15 before concluding at 5,544.75, a net gain of 58.60 points, or 1.07 per cent over its last close.

The session started on a better note after its overnight sharp fall taking cues from strong recovery in global bourses and traded range-bound but gradually picked up steam as trading progressed on low level buying.

The trading sentiment, which was boosted by the UPA win in three state assemblies, took the key-index to 5,605-- the day's highest point.

source: PTI