Money on the markets

A maturing market amid the mayhem

Sensex jumps before election results


INDIA-STOCKS/The Sensex rose 301 points to 12,173 on investor optimism about the formation of a stable government.

Index heavyweight and top private lender ICICI Bank gained over 7 percent to close at 574 rupees. Its shares have gained 28 percent this year.

Stalwarts Reliance Industries and Bharti Airtel too made impressive gains, adding 2 percent and 4.6 percent respectively.

Among sectors, the Bankex led the pack with gains of 3.8 percent. Other than ICICI, Oriental Bank of Commerce also registered smart gains of over 7 percent.