Sensex, Nifty Hit All-Time High Levels as Exit Polls Predict Massive Win for BJP-Led NDA in LS Polls

Sensex and Nifty reached record highs, surging nearly 4% in early trade, driven by exit polls predicting a significant victory for the BJP-led NDA in the Lok Sabha polls. The Sensex rose by 2,777.58 points to 76,738.89, while the Nifty rallied 808 points to 23,338.70.

Mumbai: Benchmark equity indices Sensex and Nifty surged nearly 4 per cent in early trade on Monday to hit their fresh all-time high levels after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls. The 30-share BSE Sensex jumped 2,777.58 points or 3.75 per cent to hit a record peak of 76,738.89 in early trade.

The NSE Nifty rallied 808 points or 3.58 per cent to hit a fresh all-time high of 23,338.70. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls.

The counting of votes will take place on June 4. All the 30-Sensex companies were trading in the green. Power Grid, NTPC, Larsen & Toubro, State Bank of India, Axis Bank, IndusInd Bank, ICICI Bank and Mahindra & Mahindra were the biggest gainers.