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Market recovering post clarity in Karnataka

ANI  |  Mumbai (Maharashtra) [India] 

Following the swearing-in ceremony of Bharatiya Janata Party's (BJP) B.S. Yeddyurappa, market indices began to recover on Thursday morning, post a nearly 200-point plunge in closing trade on Wednesday.

The BSE's Sensex slipped 105.09 points to 35,282.69, while Nifty traded 30.45 points lower at 10,710.65.

While Titan Company, and gained more than one percent, Hindalco, Cipla, Tata Steel, and BPCL incurred significant losses while tradinng under pressure.

About 1,186 shares advanced against 945 declining shares on the BSE, while the Dow Jones industrial average closed 62.52-points higher at 24,768.93, according to moneycontrol.

Meanwhile, the Indian Rupee rose by five paise to trade at Rs.67.74 against one US dollar.

On a related note, the BJP's B.S. Yeddyurappa on Thursday was sworn-in as the of for the third time at Bengaluru's

Yeddyurappa took oath as the 23rd of after the earlier this morning decided not to put a stay on the swearing-in while conducting a post-midnight hearing, wherein and JD(S) pleaded for the same citing BJP's inadequate strength in the assembly to stake claim at forming the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 11:47 IST