Jubilation in stock market |
The exit polls not only sent the ruling NDA into celebration mode but had a major impact on the domestic stock market as the Bombay stock exchange registered a biggest single day gain in 10 years, as stocks surged after most exit polls showed that the ruling NDA government at the Centre is likely to return to power. Sensex skyrocketed 1,422 points, or 3.8 percent, to close at a record high of 39,353. The Nifty surged 421 points, or 3.7 percent, to also end at a fresh all-time high of 11,828. With exit polls unanimous in predicting a clear majority for the BJP-led NDA and continuation of the Narendra Modi-led government, traders and investors cheered on Dalal Street on Monday. Of the 30 sensex stocks, 28 closed higher, with only Infosys and Bajaj Auto losing ground. The day`s session witnessed stocks belonging to RIL, Reliance (Anil Ambani) and Adani groups rallying smartly.
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