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.
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.
