Indian Stock Market Soars on Strong Investor Sentiment

Indian Stock Market Soars on Strong Investor Sentiment

Market Highlights:

  • Both Sensex and Nifty 50 continued their rally at 11 AM IST.
  • Sensex jumped 2,034 points (2.75%) to 75,995.
  • Nifty 50 surged 615 points (2.73%) to 23,146.
  • Earlier, markets opened at record highs. Nifty 50 climbed 3.58% and Sensex gained 3.55%.
  • Investor sentiment is positive after exit polls predicted a strong return for the BJP government.
Sensex 30
sensex 30

Other Market Movements:

  • Government bond yields dropped slightly.
  • The rupee strengthened against the US dollar.
  • Dollar index weakened marginally.

Reason for Rally:

  • Exit polls suggesting PM Modi’s re-election are boosting investor confidence.