Markets are at record highs on exit poll cues!
On Monday, Sensex and Nifty surged nearly 4 percent in early trade to hit their fresh all-time high levels after exit polls predicted a massive win for Prime Minister Narendra Modi-led NDA in the Lok Sabha polls.
The 30-share BSE Sensex jumped 2,777.58 points or 3.75 percent to hit a record peak of 76,738.89 in early trade. The NSE Nifty rallied 808 points or 3.58 percent to hit a fresh all-time high of 23,338.70.
Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls.
All the 30 Sensex companies were trading in the green. Power Grid, NTPC, Larsen & Toubro, State Bank of India, Axis Bank, IndusInd Bank, ICICI Bank, and Mahindra & Mahindra were the biggest gainers.
India’s economy grew by 8.2 percent in the fiscal year that ended in March, cementing the country’s position as the fastest-growing major economy in the world.
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