The Samajwadi Party (SP) has been leading in the results from the UP elections. Though the party may not obtain absolute majority, it has managed to score a higher share as compared to the BSP and the Congress. The BSP has around 83 constituencies, while the SP has an upper hand in 142+ constituencies. The BJP and Cong candidates are leading in 53 and 45 constituencies respectively.
In Punjab, the Shiromani Akali Dal led alliance is leading in 66 constituencies. BJP has the lead in Uttarakhand. However Congress is leading in the Manipur results.
In the wake of the much awaited results from the state elections, the Indian markets have been trading marginally in the green. The Nifty has managed to rise by 0.5% to trade at 5312, up by 32 pts.
Coal India is up by 1.8% in today’s trade, while other metal counters are trading soft. Hindalco is down by 2% and Sterlite industries is down by 1%. Tata steel is also mildly in the red.
L&T is up by 1.4%. Unitech has also gained 2%. Maruti, HDFC, SAIL, Punj LLoyd – have all gained over a 1% each. M&M is up by 2% in the trade.
The CNX Midcap index is up by 0.9%. The Nifty Junior is also up by a percentage.
Real estate company HDIL is up by 3.6%. Petronet LNG, Jubilant Foodworks (JUBLFOOD), Educomp – have all gained 1%. Sugar stock Renuka has also gained 1.5%.