Sensex jumps over 280 points, Nifty above 11,200

The announcement of General Election dates by the Election Commission also added to positivity in the markets. It was a strong start to markets for the second day on Tuesday amidst positive global cues. The BSE Sensex jumped 287.32 points or 0.78 percent to 37,341.42 in early trade while the NSE Nifty edged higher by 85.10 points or 0.76 percent to 11,253.15. Lok Sabha elections will begin on April 11, till May.

The announcement of General Election dates by the Election Commission also added to positive sentiments for the investors. Lok Sabha elections will begin on April 11 and continue for over a month till May 19 across seven phases, followed by counting of votes on May 23, the Election Commission announced Sunday.

The major gainers included NTPC (2.63 %), Powergrid (1.95 %), Reliance (1.67 %), Vedanta (1.58 %), Tata Motors (1.37 %), Lt (1.24 %), ICICI Bank (1.17 %), Sun pharma (1.09 %), ONGC (0.98 %), Yes Bank (0.93 %), HCL (0.92 %) and Axis Bank (0.86 %)

Bucking the trend, TCS (0.11 %), Hero Motocorp (0.17 %) and Airtel (0.24 %) were trading in red.