Brief by Shorts91 Newsdesk / 06:16am on 03 Jun 2024,Monday Business
Indian share market hit record highs on Monday, buoyed by exit polls suggesting a third term for PM Narendra Modi and the BJP-led NDA. The BSE Sensex soared 2,178 points (2.94%) to 76,139, while the Nifty50 climbed 579 points (2.57%) to 23,109 by 9:17 am. By 10:20 am, the Sensex was up 2,118.84 points at 76,080.15, and the Nifty50 rose 665.60 points to 23,196.30. Investor optimism was driven by expectations of continued infrastructure and manufacturing investments under Modi's leadership. Key sectors, including PSU banks, energy, realty, and financial services, saw gains of 3-5%, boosting the BSE market capitalization by over Rs 11 lakh crore.
