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Expectations of Modi 3.0 drive record highs for the Sensex-Nifty
Updated On: 03 June, 2024 10:39 AM IST | Mumbai | mid-day online correspondent
Monday`s stock market saw an unparalleled surge in the early going, culminating in a record high as exit polls predicted a resounding win for the BJP-led NDA alliance, inspiring a great deal of excitement among investors.
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Monday`s stock market saw an unparalleled surge in the early going, culminating in a record high as exit polls predicted a resounding win for the BJP-led NDA alliance, inspiring a great deal of excitement among investors. The Sensex opened at a record 75,821.19, rising by 1859.88 points. In a similar vein, the Nifty opened the day at 23,134.55 after rising 603.85 points.
Notably, the Nifty index`s 50 businesses all had gains and no falls, indicating an uncommonly strong market performance. Adani Ports, Adani Enterprises, Power Grid, Shriram Finance, and NTPC were among the top performers, driving the rally with notable gains. The positive market sentiment was reinforced by the remarkable 7.8% GDP growth in Q4FY24 in India, which surpassed forecasts and increased the country`s growth to a strong 8.2% for the fiscal year.
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