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Elections 2019: Anticipating PM Modi’s Re-election, Sensex Crosses 40,000 Mark For the First Time In Trading History
A heavy buying day for operators and retail investors as the Sensex crossed the 9000-mark after touching 9005.63, an intra-day historic high, and ending at a new closing peak of 8994.94 points at the Bombay Stock Exchange on the day Patel resigned. (Manoj Patil/Hindustan Times via Getty Images)
With early trends giving the BJP a clear majority on its own, the upbeat investor community took the stock markets by a storm. For the first time in its history, Bombay Stock Exchange’s (BSE) benchmark index crossed the 40,000 mark, up by around 950 points in the current trading session.
Mirroring Sensex’s decisive rally, National Stock Exchange’s Nifty also breached the 14,000 mark, gaining around 260 points in the current session.
The stock markets have been on a bull run since Monday when the exit polls gave the NDA clear majority.
Investors are hoping that a clear majority for the business-friendly BJP government at the centre headed by PM Modi, will undertake crucial reforms to kickstart growth in the economy.
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