Sensex is down by 0.1 per cent after hitting record high on exit polls
Mumbai: The BSE Sensex is down by 0.1 per cent, while the Nifty is nearly flat on profit-taking after hitting record highs on Tuesday on exit polls that showed the Bharatiya Janata Party and its allies winning a majority in the elections. Nifty has gained more than 20 percent since September13, when Narendra Modi was named as BJP's prime ministerial candidate.
Oil and Natural Gas Corp Ltd is down by 1.02 per cent, while Maruti Suzuki India Ltd is down 0.55 per cent. Shares also showing signs of being technically overbought as the Nifty trades above all short and long-term price averages, Bollinger bands and their relative strength index is above 75 level.
( Source : reuters )
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