Sensex, Nifty race over 3 per cent to record highs as exit polls predict massive win for NDA
Sensex, Nifty race over 3 per cent to record highs as exit polls predict massive win for NDA
Mumbai: Benchmark stock indices Sensex and Nifty rallied more than 3 per cent to close at lifetime highs on Monday following across-the-board buying as exit polls predicted a massive win for the BJP-led NDA in the general elections.
The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new closing peak of 76,468.78, marking its biggest single-day gain in three years. During the day, the barometer jumped 2,777.58 points or 3.75 per cent to hit a record intra-day peak of 76,738.89.
The NSE Nifty climbed 733.20 points or 3.25 per cent to finish at 23,263.90. During the day, it soared 808 points or 3.58 per cent to hit a fresh intra-day all-time high of 23,338.70. A sharp rally in blue-chip stocks Reliance Industries, ICICI Bank, HDFC Bank and State Bank of India propelled the indices to lifetime high levels. Strong GDP data also added to the buoyancy in equity markets.
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