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.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement