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Market Update

Sensex Ends Higher After Elections; Asia Weak

The Sensex bucked the trend in Asian trading Friday as India's opposing Bharatiya Janata Party swept to a comprehensive victory by a margin not seen in the last thirty years.

The Sensex ended 0.9% higher, giving up gains of as much as 6.1% as investors booked profits. The Sensex was in a tizzy in the morning session, creating another fresh record as early counting showed the BJP would rout the ruling Congress Party that has been plagued by corruption and bad governance. The Sensex surged to as high as 25,373.63 points, overtaking its previous highs hit on Tuesday before scaling back lower.