February 03, 2026 07:45 am (IST)
Follow us:
Stock market surges record high over Modi hope
Mumbai, May 12 (IBNS) Amid widespread speculations from various polls that the BJP is set to win the elections and industry friendly Narendra Modi will be the next Prime Minister, the stock markets touched record high on Monday.
Rupee also rallied to its ten month high over hopes of a Modi government in New Delhi.
According to reports, the BSE Sensex crossed over 500 points, while the benchmark Nifty, which had surged 17 percent since Modi was named the PM candidate, reached above the 7,000 levels for the first time.
The market reacted to hopes of an exit polls showing a BJP government in power.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Mahindra’s Trucks, buses roar ahead with 40% sales surge in January
Mon, Feb 02 2026
SBI bets big on next-gen sectors with massive financing push
Mon, Feb 02 2026
TCS crowned Europe’s most trusted large IT services provider
Mon, Feb 02 2026
Renault India off to a flying start in 2026 with 33 pct YoY surge
Mon, Feb 02 2026