On Monday, May 12, the polling in India comes to an end but the markets are not awaiting for the final results. Assuming a BJP win, the benchmark BSE Sensex surged nearly 459 points to hit new record high of 23,453.29 ahead of the exit polls which were allowed to be telecast or published after the market hours today.
With sectors like banking, capital goods, oil and gas and PSU stocks gaining high, the 30-share Sensex soared by 459.06 points, or 1.99 per cent, to trade at an all-time high of 23,453.29 at 11:45 hours.
The NSE 50-share index Nifty rose by 129.45 points, or 1.8 per cent, to 6,988.25, slightly below the “psychological level of 7000, which may be possible soon”, said sources.
Brokers confirm that the investors and retail investors are returning to the market.
Rupee Surges To Rs. 59.51
The Indian rupee too saw a heavy surge on Monday against the US dollar., surging past the 60 level, crossing the psychological barrier of Rs.60 per dollar. It was quoted at 59.51 on Monday morning, while it had closed at 60.04 on Friday.