The benchmark equity indices, Sensex and Nifty, started Wednesday's trading on a positive note following a severe beating in the previous session as value-buying at lower prices sparked an uptick in the markets.
Following a severe loss on Tuesday, the 30-share BSE Sensex made a remarkable recovery, rising 948.83 points to 73,027.88 in early trade. To reach 22,131.60, the NSE Nifty increased by 247.1 points.
In the 543-member Lok Sabha, the NDA easily leads with 272 votes, while the BJP has not reached the magic number for the first time since 2014 and is heavily reliant on its partners to form a government.
Results for all 543 Lok Sabha seats have been released by the Election Commission; the Congress has won 99 seats and the BJP 240.
Hindustan Unilever, Nestle, Asian Paints, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, and ITC were the top gainers among the 30 Sensex businesses.
NTPC, Power Grid, Larsen & Toubro, and State Bank of India were a few of the underachievers.
Tuesday saw a sharp sell-off in the BSE benchmark Sensex, which plunged 4,389.73 points, or 5.74 percent, to close at a level that was over two months below, at 72,079.05. The barometer plummeted to 6,234.35 points, or 8.15 percent, during the day session, to a level of 70,234.43, which was over five months below its peak.
The NSE Nifty lost 1,982.45 points, or 8.52 percent, during the day to reach 21,281.45. It witnessed a sharp fall of 1,379.40 points, or 5.93 percent, to finish at 21,884.50.
