Sensex and Nifty Reach Record Highs on Expectations of Modi 3.0
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Sensex and Nifty Reach Record Highs on Expectations of M odi 3.0 The stock market opened with unprecedented gains on Monday, driven by exit polls predicting a decisive victory for the BJP-led NDA coalition. This surge in investor optimism propelled the Sensex and Nifty to new all-time highs. Sensex and Nifty Surge The Sensex soared by 1859.88 points, opening at a record 75,821.19, while the Nifty jumped 603.85 points, starting the day at 23,134.55. Remarkably, all 50 companies in the Nifty index saw advances, marking an exceptionally strong market performance. Leading the rally were Adani Ports, Adani Enterprises, Power Grid, Shriram Finance, and NTPC. Strong Economic Indicators The buoyant market sentiment was further supported by India's impressive Q4FY24 GDP growth of 7.8%, surpassing expectations and bringing the fiscal year's growth to a robust 8.2%. Varun Aggarwal, founder and managing director of Profit Idea, commented on the positive sentiments driven by the GDP growth...