Indian shares zoom to record highs as exit polls signal a Modi win

AMIT DHAKAR


 

The Indian stock market indexes have skyrocketed to record highs as exit polls predict a massive win for the Narendra Modi-led Bharatiya Janata Party and its allies, in a weeks-long voting process that ended on Saturday.


The equity benchmark indices opened at record highs on Monday as investors eyed continued public spending and the maintenance of momentum in what is the world’s fifth-largest economy. Both Sensex and Nifty, the indices of the Bombay Stock Exchange and the National Stock Exchange, hit record highs. While Nifty zoomed 3.6% to a record 23,338 points, Sensex surged 3.8% to a record 76,738.89, Mint reported.

Location: India

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