Mumbai, May 14 (PTI) Stocks: Fag-end buying and short- covering from operators in view of reducing fears of a political uncertainty after winning of the assembly elections by Congress party and its coalition in most of the states pushed up the BSE benchmark Sensex marginally by 12 points.
Results of the 2011 assembly poll in Tamil Nadu, Kerla, Puducherry, Assam and West Bengal showed former Tamil Nadu Chief Minister J Jayalalitha and Union Minister for Railways Mamata Banerjee set to gain power in their respective states.
The BSE Sensex edged high 12.47 points or 0.07 per cent to end at 18,531.28, while the S&P CNX Nifty fell 6.70 points, or 0.12 per cent, to finish at 5,544.75.
The key benchmark indices tumbled on Thursday tracking weak global stocks in anticipation of further monetary tightening by China, the world's second largest economy. The BSE 30-share Index was down by 249.