Sensex falls 147 points; Nifty trades at 10212

Sensex falls 147 points; Nifty trades at 10212”

Carrying forward the excitement of Bharatiya Janata Party's win in Gujarat and Himachal Pradesh Assembly polls, stock markets opened on a higher note on Tuesday. The yield on 10-year government bonds climbed three basis points to 7.16 per cent.

Around 9.15 am, the BSE Sensex was down 98 points at 33,365 points and NSE Nifty was 70 points down at 10,263, reports said.

The metal index advanced 1.83%, followed by auto, consumer durables and healthcare.

The Sensex touched a high of 33,746.73 points and a low of 33,666.62 points during the intra-day trade so far.

At 11.10 a.m., the 30-share BSE index Sensex was up 101.71 points or 0.3 per cent ta 33,703.39 and the 50-share NSE index Nifty was up 30.7 points or 0.3 per cent at 10,419.45. However, the tide turned as the BJP came back and started to take lead in a majority of seats.

Market breadth was negative with 502 advances against 1,169 declines.

Given the improvement in sentiment, the broader markets played along, with the mid-cap index rising 0.76 per cent and small-cap 0.45 per cent. "Having said that, equity markets are eventually slave of earnings and will track the same for future performance", Rakesh Tarway, head of research at Reliance Securities said.

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