Amid Exit poll predictions Sensex jumps 1421.90 pts, highest single day gain since 2013
Mumbai, May 20 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday zoomed up by 1421.90 pts to 39,352.67, biggest single day gain since 2013, a day after exit polls predicted that once again Modi-led National Democratic Alliance (NDA) will come to power.
The Nifty of National Stock Exchange (NSE) too rose by 421.10 points to 11,828.25 pts.
The Sensex and Nifty posted their biggest intra-day jump in 10 years on Monday, after exit poll results showed that Prime Minister Narendra Modi may retain power.
The day opened on a strong note at 38,701.18, up by 771 pts. It surged by 1482 pts to 39,412.56, day high before closing at 39,352.67, up by 1421.90 points from its last close.
In sectoral indices, Industrtials, Capital Goods and Realty went up by more than 5 per cent, followed by Materials, Energy, Finance and Bankex too gained more than 4 per cent.
In scrips, IndusInd Bank, SBI, Tata Motors, Tata Motors DVR, Yes Bank and L & T kept the rally intact for the third straight day on Monday.
The S&P BSE Mid-Cap index rose 3.59 pc. The S&P BSE Small-Cap index rose 3.46 pc.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 2018 shares rose and 611 shares fell. A total of 184 shares were unchanged.
Asian stocks were mixed on Monday as investors awaited the next chapter in the Sino-American trade dispute. Japan's economy grew at an annualized 2.1 pc in the first quarter, gross domestic product (GDP) data showed on Monday.
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