Sensex on Tuesday snapped its seven-day losing streak but failed to maintain early gains a day when the BJP was trounced by the AAP in Delhi assembly elections. The BSE bluechip index, which rose over 400 points just before noon, \\more than halved its gain to conclude at 28,355.62, up 128.23 points or 0.45 per cent.
The Sensex, after resuming higher at 28,122.48, rose to 28,633.72 on initial strong buying as India’s GDP growth is likely to accelerate to 7.4 per cent in 2014-15. However, the Sensex declined afterwards to 28,044.49 on late selling pressure and rising foreign capital outflows. Yesterday, market participants had attributed the Sensex’s 490-point plunge to exit polls predicting BJP’s defeat in Delhi elections.