SEBI, exchanges and investors: All gear up for polls D-day

With Indian stock markets reaching dizzying heights on hopes of a strong and stable government after polls, investors have started adding `defensive` stocks to shock-proof their portfolios ahead of election results on May 16.

Market retreat on monsoon worries, Sensex down 3%

Below the normal rainfall so far this
year has halted a strong bull run on the bourses pulling down
the key indices Sensex and Nifty by more than three percent
amid a sudden pullout by foreign institutional investors.