Daily Business Wrap - Sensex surges 1,500 points as traders rejoice Modi sweep in #exitpolls - video Dailymotion

Gulf News

The 30-share index was trading 1,341 points, or 3.54 per cent, higher at 39,271.77.  In similar movement, the broader NSE Nifty soared 393.95 points, or 3.45 per cent, to 11,801.10.Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising over 7 per cent. Latest news from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos

Transcript

00:00India's benchmark Sensex index surge after the exit poll showed that the ruling NDA would

00:08cross 300 seat mark. The benchmark Sensex index rose about 3.45% to be at 39,200 while

00:18the Nifty index rose 3.45% to be at 11,800. The rupee appreciated about 89 paise against

00:26the dollar to be at about 69. Remember that these exit polls have shown that the BJP NDA

00:34would cross comfortably the 272 or the halfway mark and they would get about 300 seats according

00:41to exit polls. The impact of the Trump administration's threat to choke Huawei has reverberated the

00:46global supply chain. Shipmakers such as Qualcomm or Broadcom or Intel have told their employees

00:52they would not service or supply Huawei until further notice. Alphabet's Google has also

00:59made intentions clear to sever all the supply contracts with Huawei as far as hardware services

01:05or software services go. Oil prices surged after Saudi Arabian OPEC Plus members said that they

01:11would keep the supplies constrained. Oil prices rose as much as $1.7 to be at 63.81 that is in

01:21case of WTI and the Brent prices rose 30 cents to be at about $73 per barrel. Remember that oil

01:29prices have surged 40% in the year so far because of constrained supplies.

Daily Business Wrap - Sensex surges 1,500 points as traders rejoice Modi sweep in #exitpolls

Category

Transcript

Be the first to comment

Recommended