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Equity benchmarks maintained early gains with the Sensex
rising over 150 points, led by oil, auto, infra, technology and select FMCG
stocks.
The broader markets also gained, rising 0.4 percent. The
30-share BSE Sensex climbed 154.47 points to 25807.70 and the 50-share NSE Nifty
advanced 46.45 points to 7907.20.
The market breadth remained positive as about two shares
advanced for every share declining on Bombay Stock Exchange.
Axis Bank and ONGC rallied more than 2 percent followed
by HDFC and Bharti Airtel with over a percent upside while SBI and ICICI Bank
lost early gains.
Shares of Sun TV Network surged 10 percent as most exit polls have
predicted that the DMK-Congress alliance may win the state elections in Tamil
Nadu. Chennai-based Sun TV owned by Kalanithi Maran (grandnephew of DMK President
M Karunanidhi) is seen gaining high revenue growth when DMK is in power.
BUY SUN TV FUTURE ABOVE 435 TG 445, 460 SL 425, HOLD 1-2 DAYS,
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