Brief by Shorts91 Newsdesk / 09:39am on 03 Jun 2024,Monday Business
Indian stock markets surged to record highs as exit poll predictions of political stability propelled the Sensex and Nifty indices. Sensex soared over 2,000 points and Nifty recorded its largest jump in four years, adding ₹12.48 lakh crore to BSE stocks' market cap. Adani Ports, Adani Enterprises, and others led the rally. The optimism was fueled by India's robust Q4FY24 GDP growth of 7.8%, surpassing expectations. However, analysts caution about market volatility ahead of the Lok Sabha election results, despite exit polls projecting a return to power for the BJP-led NDA alliance.
