Indian benchmark equity indices Nifty 50 surged past 23,000 and BSE Sensex crossed the 76,000 mark as they opened at a record high on Monday, buoyed by exit polls predicting a third term with a sizable mandate for Prime Minister Narendra Modi. Investors are optimistic that Modi’s administration will continue to invest in infrastructure and manufacturing to sustain economic growth.
The BSE Sensex was trading 2,178 points, or 2.94%, higher at 76,139. The Nifty 50 was up 579 points, or 2.57%, trading at 23,109 around 9:17 am.
Almost all exit poll surveys indicate that the BJP is likely to win the Lok Sabha election on June 4th. The average of all major exit polls suggests that the BJP-led NDA will secure 374 seats.
Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 11.1 lakh crore to Rs 423.21 lakh crore.
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