DSIJ Mindshare

Markets soar in anticipation of a Narendra Modi led government in the center. The BSE Sensex scaled 40,054.42, up by 944.21 point or 2.41 per cent, while Nifty50 was at 12,031.95, up by 294.05 points or 2.51 per cent.

Of the 542 seats in fray, BJP-led alliance NDA is leading in 321 seats, while Congress-led alliance UPA is leading in 94 seats, and in 92 seats Others are leading.

Overall volumes in futures & options currently stand at 72.91 lakhs contracts with a turnover of Rs. 5,27,886.13 crore.

Overall volumes in futures & options currently stand at 72.91 lakhs contracts with a turnover of Rs. 5,27,886.13 crore.

Nifty needs to decisively take out the level of 11,850 and, on the downside, support is seen around the Monday’s session low of 11,592. Going ahead, if bulls manage to defend the support level of 11,592 and the opening gap of May 20, it would be an interesting day’s ahead for the bulls. Stocks in news: L&T, Biocon, ITI, Bodal Chemicals, Wipro, OBC, HDFC Bank.