Market jumps 1.2%, analysts say AAP victory priced in

Stock market analysts yesterday lamented that the BSE's Sensex fell nearly 500 points because the exit polls suggested a clear AAP victory in Delhi elections. 

On Tuesday, AAP has achieved a clear majority but the stock market is trading fairly higher. 

As on 11.40 am, the BSE's Sensex was trading up by 1.25%, or 352 points. 

Analysts say that the AAP victory has been priced-in already with Monday's 500 point fall. 

Also Read: Sensex tanks 490 points to three-week low on exit polls forecast

On Monday, power companies like Tata Power fell by 2.44% and Reliance Power closed 5.59% lower as AAP said it will half tariffs in Delhi. 

Also Read: Water and Electricity: the economics behind AAP's basic promises

However, on Tuesday, Tata Power and Reliance Power were trading up by 0.5% and 1.6% respectively at 11.45 am.