Money on the markets

A maturing market amid the mayhem

Sensex soars as bulls cheer poll verdict

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The Sensex created history today, jumping more than 17 percent for its biggest single-day gain in almost two decades as investors cheered the ruling coalition’s election victory.

The benchmark hit the first circuit breaker a few seconds after opening. The second breaker came at 11:55 am and trade was finally halted for the day, with the Sensex closing 2110.79 points up at 14, 284.21.

Reliance Industries, ICICI Bank, L&T, Bharti Airtel and HDFC were the top contributors to the market surge.
INDIA-STOCKS/JUMP
Reliance Industries rose more than 20 percent and had the largest turnover of Rs 95.9 million.

Its market capitalisation rose from $13 billion to about $75 billion, on low volume of 41,096 shares.

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