Stocks of industry majors recover as poll trends favour BJP

Mumbai, Dec 18 : Stocks of industry majors recovered during the mid-afternoon trade session as counting trends in Assembly polls favoured a BJP victory in both Gujarat and Himachal Pradesh.

The scrip of industrial majors like Reliance Industries, Adani Ports and Special Economic Zone Ltd (APSEZ), Tata Motors and Vedanta among others had slid substantially during the early hours of the trade session.

At 2.35 p.m. the scrip of Reliance Industries traded at Rs 924.05, up Rs 4.15    or 0.45 per cent from its previous close of Rs 919.90. The scrip had touched an intra-day low of Rs 861.70.

Similarly, the stocks of APSEZ traded at Rs 408.10, up by Rs 6.15 or 1.53 per cent from its previous close of Rs 401.95. It had touched an intra-day low of Rs 374.30.

On the same note, Vedanta's scrip stood at Rs 308.10, up Rs 10.10 or 3.39 per cent from its previous close. The stock had touched a low of Rs 286.55.

The scrip of Tata Motors traded at Rs 406.50, up Rs 1.35 or 0.33 per cent from its previous close of Rs 405.15. The scrip had touched an intra-day low of Rs 389.75.

Tata Steel's scrip price stood at Rs 704.30, up Rs 9.35 or 1.35 per cent from its previous close. The stock had touched a low of Rs 675.