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Exit Polls Boost Sensex To Biggest 1-Day Rise in 10 Years


Exit Polls Boost Sensex To Biggest 1-Day Rise in 10 Years

With exit polls unanimous in predicting a clear majority for the BJP-led NDA and continuation of the Narendra Modi-led government, traders and investors cheered on Dalal Street on Monday. The sensex rallied 1,422 points — its highest single-day gain in over a decade and the second highest ever — to settle at 39,353, its highest-ever close.

The 3.7% rise in the index was also its highest single-day percentage gain since Narendra Modi was announced as the NDA’s Prime Minister candidate in September 2013.

On Monday, the NSE Nifty too rallied 421 points to 11,828, also the highest closing level for the index.

The day’s gains added Rs 5.4 lakh crore to investors’ wealth with BSE’s market cap now at Rs 151.4 lakh crore. Of the 30 sensex stocks, 28 closed higher, with only Infosys and Bajaj Auto losing ground.

Leading brokers said market players are expected to take a breather over the next two sessions. On Thursday, the day the poll results are announced, the market is expected to see increased volatility. 

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