Nifty ends at two-year high; state election results in focus
Mon Mar 06 2017
Ramesh Sridharan (877 articles)

Nifty ends at two-year high; state election results in focus

Nifty closed at its highest in two years on Monday, near a key psychological level of 9,000, on hopes the ruling Bharatiya Janata Party (BJP) would win the elections in Uttar Pradesh.

The broader NSE Nifty ended up 0.7 percent at 8,963.45, its highest closing since March 2015, while the benchmark BSE index ended 0.8 percent higher at 29,048.19.

Reliance Industries Ltd climbed as much as 4.3 percent to its highest since May 2008, and was the top percentage gainer on the NSE Nifty.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

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