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Elections 2019: In Anticipation Of PM Modi’s Reelection, Stock Markets Register Big Gains; Sensex Closing In On 40K
Stock traders rejoice the as Sensex rose to a third consecutive record high at Bombay stock exchange. (Anshuman Poyrekar/Hindustan Times via Getty Images)
With some media outlets already giving NDA a clear majority in the early trends, the sentiment across the investor community is upbeat on account of PM Modi’s reelection.
Bombay Stock Exchange’s flagship index Sensex was up by 600 points (9:38 AM) at 39,700 points, registering a gain of 1.5 per cent. Similarly, National Stock Exchange’s Nifty 50 is up by 172 points (9:38 AM) at 11,900 points.
If the trends translate into definite victories for the BJP, then it is highly plausible that Sensex will breach the 40,000 mark for the first time in its history today.
It should be noted that both Sensex and Nifty also registered substantial gains on Monday when the exit polls gave NDA a clear majority.
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