Sensex continues to rule high, up 482 points

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(PTI)

The Sensex’s gains slipped, but the gauge is still trading higher today by 482 points, powered by a huge sweep by the BJP in UP and Uttarakhand and a higher probability of the party forming government in other states.

The broader Nifty came off from record highs while holding on to the key 9,000 level. Solid IIP numbers and strong FII inflows bolstered sentiment too.Barring telecom counters which witnessed profit- booking, buying was led by capital goods, financials, realty, industrials and auto, among others.The Sensex opened gap-up at 29,437.23 and hovered in a range of 29,561.93 and 29,356.05 before trading at 29,428.40 at 1155 hours, a gain of 482.17 points, or 1.67 per cent.

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