Day before Assembly Election Results 2018, RBI Governor Urjit Patel submits resignation

RBI Governor Urjit Patel has decided to step down from his post. "On account of personal reasons, I have decided to step down from my current position (RBI Governor) effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years," said Patel in a statement. READ FULL REPORT HERE

Breaking News: RBI Governor Urjit Patel resigns for this reason

Assembly Election Results 2018: A day ahead of the Assembly election results in five states, the benchmark Sensex plummeted 714 points as investors panicked over exit polls suggesting the Congress is giving a tough fight to the ruling BJP in state elections. The bruised rupee and weak global cues also further dampened sentiment. BSE Sensex cracked below the 35,000 mark to close at 34,959.72. The broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45.

HDFC Securities` Retail Research Head Deepak Jasani told IANS, "Election results will be known on Tuesday. If the BJP does well compared to expectations in exit polls, then we could witness a minor relief rally. However, the overhang of negativity may still persist." The exit polls Friday predicted a tight finish between the BJP and the Congress in Madhya Pradesh and Chhattisgarh, and a win for the opposition party in Rajasthan. "If exit polls are true, then it can increase the political risk premium on the rupee," said said Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities. (Agencies)

Day Before Assembly Election Results, meet five Nifty50 champions

A day before the Assembly election results in five states of the country, five shares ended up as heroes at Nifty. The biggest gainers were IOC, BPCL, COal India, Hind Petro and Maruti. All of these ended 3.51%, 1.72%, 0.3%, 0.29% and 0.15% up respectively.

#MarketAtClose | जानिए वो कौन से शेयर थे जो बने आज के #Nifty50 के हीरो।#Gainers pic.twitter.com/r4WLNvqUic

— Zee Business (@ZeeBusiness) December 10, 2018

Telangana Election Result: TRS to win?

AIMIM President Asaduddin Owaisi Monday said TRS will form the next government in Telangana on its own strength and his party will stand by it and its chief K Chandrasekhar Rao. Owaisi said he will meet KCR (Rao) Monday afternoon adding this is "our first step towards a larger goal of nation building." (PTI)

Watch Assembly Election Results LIVE on Zee Business

#ElectionsWithZB | मंगलवार को आएंगे 5 राज्यों के चुनावों के नतीजे, किसकी बनेगी सरकार? कौन होगा फेल, कौन पास? बाज़ार किसकी सरकार बनने पर देगा सलामी या होगा निराश, नतीजों का पूरा विश्लेषण देखिए सिर्फ #ZeeBusiness पर कल दिनभर अनिल सिंघवी और बाज़ार के दिग्गजों के साथ। pic.twitter.com/eF2T3bVwus

— Zee Business (@ZeeBusiness) December 10, 2018

Assembly election results: How Sensex behaved on Gujarat result day

In Gujarat assembly elections, BJP hardly managed to win. In the middle of the counting day, BJP faced a tough challenge from the Congress and the Sensex fell sharply, around 800 points. However, as the BJP neared win, the Sensex recovered, closing the day with 216.14 points. 

Rajasthan, Madhya Pradesh, Telangana, Chhattisgarh, Mizoram Assembly Election Results 2018: Indian markets saw a massive fall in the opening session today, as BSE Sensex tumbled over 561 points to 35112.10 in early morning trade and Nifty at 10520.75, lower by 172.95 points or 1.62% at around 0935 hours. Such performance was due to drop witnessed in global peers and also on the back of exit polls - state elections results will be announced tomorrow. READ MORE

Rajasthan, Madhya Pradesh, Telangana, Chhattisgarh, Mizoram Assembly Election Results 2018: Negative global markets, along with caution ahead of the results of assembly elections in five states and a rise in crude oil prices, suppressed the key Indian equities indices during Monday morning`s trade session. The key indices -- the S&P BSE Sensex and NSE Nifty50 - had a gap-down opening and subsequently shed over 600 points and 190 points or more than 1.60 per cent each. The BSE market breadth was bearish with 1,787 declines and 546 advances. "Our markets have fallen in line with the other global markets which were down due to resurgence of US-China friction and rise in crude prices,"

HDFC Securities` Retail Research Head Deepak Jasani told IANS. "Election results will be known on Tuesday. If the BJP does well compared to expectations in exit polls, then we could witness a minor relief rally. However, the overhang of negativity may still persist." IANS

Rajasthan, Madhya Pradesh, Telangana, Chhattisgarh, Mizoram Assembly Election Results 2018: Indian markets weakened as exit polls in the state elections augured badly for Prime Minister Narendra Modi’s ruling party just months before a national vote. Reuters reports that Investors are scrutinising polls in five states - Rajasthan, Chhatisgarh, Madhya Pradesh, Telengana, Mizoram - for clues to how Modi’s Bharatiya Janata Party will fare in a general election that must be called by May. “The exit polls are mixed, but we don’t want to take any risk before actual results are out given that oil is also up,” said a trader at a foreign bank. “Sentiment will remain cautious until state election results are out.” (Reuters)