Exit polls predict huge win for PM Modi
PrashantNews
The benchmark BSE Sensex on Monday was back in bullish mode as it gained an unprecedented 3.55 percent or 2622 points to hit lifetime high of 76583 levels after exit polls indicated that Prime Minister Narendra Modi would get a third term comfortably in the general elections.
Nitfy50 climbed 3.58 percent or 807 points to reach 23337 levels in the early trade. The market experts said the bull-run is likely to continue in few more days on the back of the election results tomorrow.
The sensex had hit the 75000 mark on April 9 for the first time in the bull-run in the stock market that began last year soon after Diwali celebrations.
The heavy buying was seen in defence and rail sectors. Top gainers in the sensex were Powergrid, NTPC, SBI and LT. Renewed buying was also seen in Adani group shares including Adanipower and Adani Enterprises.
Among the banking sector, the Central Bank was in good demand.
The stock market is witnessing a big rally in the past few days with the expectations of a stable government after the 7-phased Lok Sabha elections which concluded on June 1.