Get Intraday Tips Today Nifty hits record high of 6400 on State polls outcome

Today The Intraday market kicked-off the week on a strong note on Monday with the Nifty rallying to a record high of 6400 level after state polls outcome. The Sensex rose 442.30 points or 2.11 percent at 21,438.83, and the Nifty rallied 133.75 points or 2.14 percent at 6,393.65. About 633 shares have advanced, 58 shares declined, and 16 shares are unchanged.

BJP won three out of five state elections (Madhya Pradesh, Rajasthan and Chattisgarh) with a majority while in Delhi, it got the maximum vote of 32 seats followed by Aam Adami Party (AAP) with 28 seats. After these state elections results, experts are hopeful that the Nifty may scale new highs in 2014, especially ahead of general elections.
Indian markets played dicey on Friday backed by exit poll jitters and uncertain tapering talks happening in other part of the world. Asia shares waver; bond yields climb into US data. World markets will take cues from US unemployment data. Nifty up by 18 points, closed at 6259. Sensex up by 38 points, closed at 20996. Europe is trading in green.

The Indian rupee opened with a gap up of 59 paise at 60.83 per dollar on Monday against 61.42 on Friday. The euro raced to a near six-week high against the dollar as investors ploughed back into the common currency after an unexpectedly upbeat US jobs report failed to impress dollar bulls. The dollar index subdued closer to 80 levels.

 
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