The benchmark BSE Sensex zoomed past the 39,000 mark, rallying over 1,100 points, in afternoon trade Monday as investors cheered exit poll results that showed the ruling NDA is likely to win the general elections.<\/p>\n\n\n\n
The\n 30-share index was trading 1,114.42 points, or 2.94 per cent, higher at\n 39,045.19. In similar movement, the broader NSE Nifty soared 326.80 \npoints, or 2.86 per cent, to 11,733.95.<\/p>\n\n\n\n
Top gainers in the Sensex\n pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd \nBank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, \nVedanta, Asian Paints, Tata Steel and Bajaj Finance, rising up to 7 per \ncent.<\/p>\n\n\n\n
On the other hand, Bajaj Auto and Infosys slipped up to 1 \nper cent. Most exit polls Sunday forecast another term for Prime \nMinister Narendra Modi, with some of them projecting that BJP-led NDA \nwill get more than 300 seats to comfortably cross the majority mark of \n272 in the Lok Sabha.<\/p>\n\n\n\n
The results of the seven-phase polls will \ncome out Thursday. “The rise in main indices is justified considering \nthe numbers that have come in the exit poll,” said Rusmik Oza, Head of \nFundamental Research, Kotak Securities.<\/p>\n\n\n\n
Expect Nifty 50 to retest\n the recent high of 11, 850 before May 23. Break out into a new zone \nwould depend on whether BJP on its own is able to secure more than half \nthe seats, Oza added. Meanwhile, market regulator Sebi and stock \nexchanges have beefed up their surveillance mechanism to <\/p>\n\n\n\n
check \nany manipulative activities in the market this week in view of the \nhigh-octane election related events lined up.On the currency front, the \nrupee appreciated by 68 paise to 69.54 against the US dollar. Brent \ncrude, the global benchmark, was trading at 73.22 per barrel, higher by \n1.40 per cent.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
The benchmark BSE Sensex zoomed past the 39,000 mark, rallying over 1,100 points, in afternoon trade Monday as investors cheered exit poll results that showed the ruling NDA is likely to win the general elections. The 30-share index was trading 1,114.42 points, or 2.94 per cent, higher at 39,045.19. In similar movement, the broader NSE […]<\/p>\n","protected":false},"author":1,"featured_media":61679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-61678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=61678"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61678\/revisions"}],"predecessor-version":[{"id":61680,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61678\/revisions\/61680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/61679"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=61678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=61678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=61678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}