Sensex, Nifty log biggest single-day gain in 3 years as exit polls predict 3rd term for Modi govt

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Key Points

After the exit polls predicted the return of the Modi government for the third straight term, benchmark Sensex and Nifty zoomed more than 3 per cent on Monday, recording their biggest single-day gain in three years and closing at lifetime highs...

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 points with 25 of its constituents ending in the green and five in the red..

Interestingly, Sensex and Nifty had spurted more than 3 per cent on May 20, 2019, after the exit polls predicted a major win for the BJP-led NDA in the 2019 general election...

Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for the third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls..

"Nifty logged its best session in over three years, as investors cheered exit polls, along with better-than-expected India Q4 GDP," said Deepak Jasani, Head of Retail Research, HDFC Securities...

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