Share Market: The exit polls jolted the stock market, 11 lakh crore rupees entered the investors' pockets within an hour.
Mumbai: Exit polls say that the ocher storm is rising again in the country. Prime Minister Narendra Modi is going to do a hat trick. And with the exit poll indicating the victory of BJP and NDA, there is a big jump in the stock market. Monday morning Sensex climbed 2600 points at the opening of the stock market. The Sensex index reached 76,000 in the morning. Nifty is also above 23 thousand. According to market experts, the stock market is buoyant as there are signs of a strong government.
Sensex index increased by 2,500 points when the stock market opened this morning, the Sensex index reached 76,000.
On the other hand, the Nifty 50 index made the biggest jump in the last four years. The Nifty index reached 23338.70. By 10:00 am, the Sensex index was at 76042.60. The Nifty index also increased by 646 points. Both the Bombay Stock Exchange and the National Stock Exchange hit record highs.
All the Nifty stocks are in the positive as the stock market gets a positive vibe from the polls. Most profitable Reliance Industries Limited, ICICI Bank and HDFC Bank।
The Sensex index is also on the positive side. Power Grid, Adani Port, Shriram Finance, L&T, NTPC, SBI, Axis Bank, M&M, ICICI Bank and Ultratech Cement were the top gainers.. Each of these stocks rose 3 to 7 percent.
According to market experts, the stock index has moved upwards on the indication of stable government formation. While shares fall during polls, the picture usually changes after the results are released. When the government is stable, the country's economy is also strengthened. Its reflection can also be seen in the stock market. But this time, the stock market recovered before the results of the vote were announced.