Barometers turn rangebound; oil & gas shares rally ...Middle East

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The frontline indices traded in narrow range with robust gains in mid-morning trade. Barometers surged to record highs following exit polls projecting a third term for Prime Minister Narendra Modi’s government. The Nifty traded above the 23,150 mark. Oil & gas shares rallied for the second day in a row. The last phase of the Lok Sabha polls ended on Saturday, following which the exit poll results forecast a historic third term for Prime Minister Narendra Modi. The counting for the Lok Sabha polls will take place on Tuesday, June 4. At 11:30 IST, the barometer index, the S&P BSE Sensex soared 2,181.87 points or 2.96% to 76,153.14. The Nifty 50 index surged 658.05 points or 2.92% to 23,188

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