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Sensex rises 194 pts on Gujarat exit polls
January 21 2018, 12:23 | Irvin Gilbert
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Benchmark equity indices BSE Sensex and NSENifty surged almost 1 per cent each in early trade on Friday after exit polls predicted a victory for the ruling BJP in Gujarat.
The 30-share BSE index came off its early high, but was still up 269.51 points - 0.81% - at 33,516.21 at 1128 hours. During the afternoon trade, Sensex zoomed 313 points or 0.94% to 33,560.27 while the wider Nifty was up by over 98 points or 0.96% to 10,350.75. "GST Council's urgent meeting scheduled on Saturday also keeps market interested, while advance tax numbers could give a leading indication towards corporate performance and growth expectations".
"Markets ended higher on Friday on the back of the outcome of Gujarat and Himachal Pradesh exit polls".
In the forex market, the rupee appreciated 23 paise to 64.11.