Markets have remained rangebound with cautious trades seen in the wake of Gujarat & Himachal poll results being announced today.
BJP is moving ahead of the Congress party, with leads in 92 out of the 143 seats in Gujarat. Congress candidates are leading in 47 constituencies. However Congress’s state chief Arjun Modhwadia is receding at Porbandar constituency. Chief Minister Narendra Modi is leading in Maninagar from where he is seeking to enter the state assembly for a third time.
BSE Realty index has declined by almost 1% followed by counters like Banks, Power, Capital Goods, Oil & Gas, Auto, Consumer Durable and Metal, all declining marginally. However, BSE Healthcare and IT indices are up nearly 1%.
Among other shares, Gujarat Apollo Industries has rallied 12%.
Reliance Power is trading lower by 2% at Rs 96.50.