Market Rises To The Highest Of 10 Years Due To Exit Poll

Indian markets has gone higher today and are on track for their biggest gain in 10 years after exit polls showed BJP-led NDA getting a good majority in Lok Sabha Elections 2019. Most of the exit polls predicted a majority for the Prime Minister Narendra Modi's BJP and its allies after the six-week-long general election ended on Sunday. The rupee rose to a two-week high of 69.36 against the US dollar, as compared to its Friday’s close of 70.23.


The Sensex jumped nearly over 1,300 points while Nifty rose above 11,800. Among Sensex stocks, SBI surged 8% and Yes Bank 6% while L&T, Yes Bank, ICICI Bank, IndusInd Bank, Tata Motors, Maruti, Tata Steel, ONGC and RIL gained between 4-5%. Banking and auto stocks led the rally while some weakness was seen in IT stocks. 


After the actual election results are announced, the market’s focus will shift back to economy and earnings, says Jagannadham Thunuguntla, senior VP and head of research (Wealth) at Centrum Broking. The result will be out on this Thursday i.e. May 23.

Read More Latest Bollywood Movie Reviews & News

Read More Sports News, Cricket News

Read More Wonderful Articles on Life, Health and more

Read More Latest Mobile, Laptop News & Review


Today’s Trending Videos

Join Us on Youtube: Subscribe Our Channel Now

Leave a Reply