Assembly Election results 2018! Investors find love for pharma, IT, consumer durable stocks

The Indian markets have reversed their trend of losses and turned a profit with Sensex trading over 35,000-mark and Nifty above 10,500-level. Investors sentiment has been quite volatile in today's trading session with the ongoing counting of assembly elections today. Five states namely Madhya Pradesh, Rajasthan, Chattisgarh, Telangana and Mizoram election results are going to be announced soon. BJP is gaining momentum in Madhya Pradesh and is leading in 111 seats compared to 108 seats where Congress party is leading. Interestingly, there were three sectors which were highly preferred by investors on Sensex today, so much so, that they were trading up by over 200 points.

Over the last few elections, markets have performed well, and today too, after quite a horrific fall, they returned to green. If you have invested in these sectors then you will likely gain a hefty amount today. 

The most loved sector of investors, consumer durables is doing well. The S&P BSE Consumer Durables index was trading over 380 points higher or 1.91% at 20,362.31. 

Here is the Zee Business tweet here:

#ElectionsWithZB | क्या विधानसभा चुनाव के नतीजों का 2019 के चुनाव पर पड़ेगा असर? जानिए HDFC सिक्योरिटीज के वी के शर्मा से इसका जवाब।

देखिए #DeshKiBaat : https://t.co/3OVt1HS3Ag @AnilSinghviZEE @drchintamani @RajeevRai @RajivRanjanJDU @Ajay_Bagga pic.twitter.com/a6I4QgeSqz

— Zee Business (@ZeeBusiness) December 11, 2018

In this sector, most of the stocks saw buying sentiment. Among gainers were Crompton Greaves at Rs 223 per piece, higher by 3.26%, followed by VIP Industries at Rs 510 per piece, up by 2.98%, Titan at Rs 928.20 per piece, up 2.37%, VOLTAS at Rs 547 per piece,  up 2.34% and PC Jewellers at Rs 64.05 per piece, up by 1.99%. 

Meanwhile, the S&P BSE Information Technology index surged by over 200 points or 1.44% trading at 14,380.99. In this index, the gainers were 63Moons up by 11% at Rs 92.90 per piece, followed by Moschip Semiconductor Technology at Rs 25.40 per piece up 9.48%, NELCO at Rs 227.15 per piece up 4.82%, Subex at Rs 6.20 per piece up 3.85%, NIIT Technologies at Rs 1095.50 per piece up 3.66% and Hexaware Technologies at Rs 329.05 per piece up 3.49%. 

#AssemblyElections2018 | सभी 5 राज्यों के रुझान आ चुके हैं, डिंपी कालरा से समझिए चुनावी नतीजों का पूरा गणित।@AnilSinghviZEE @dkalra81 @mrituenjayj pic.twitter.com/a2XbyByRNO

— Zee Business (@ZeeBusiness) December 11, 2018

Another index that saw an upbeat sentiment was S&P BSE Healthcare, which rose by 208.86 points or 1.55%, trading at 13,659.45. 

Major pharma stocks that gained were SunPharma, Ajanta Pharma, Glenmark, Jubilant Life Science, Granules India, Wokhardt Pharma and Marksans Pharma ranging from 2% to 5%.