Indian stocks were virtually on fire leading a key index to breach 25,000 points mark, as Narendra Modi-led Bharatiya Janata Party took a big early lead in India's national election vote count
Indian stocks were virtually on fire leading a key index to breach 25,000 points mark, as Narendra Modi-led Bharatiya Janata Party took a big early lead in India's national election vote count.
Around 10.50 a.m., the sensitive index (Sensex) of the Bombay Stock Exchange was ruling at a never before high of 25,375.63 points against the previous close of 23,905.60 points, to log a single-day gain of 871.39 points, or 3.65 percent.
ADVERTISEMENT
Analysts said the markets were afire expecting a stable government under BJP's prime ministerial candidate Narendra Modi, who is also seen as a industry-friendly leader. Every industry-specific index was trading at record highs, exchange data showed.
The 50-scrip Nifty of the National Stock Exchange also surged in a similar fashion.
According to officials at the markets watchdog Securities and Exchange Board of India (SEBI), a close watch will be kept on market movements Friday during the counting of votes to prevent any disorderly trading.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
