Sensex

Sensex Hits Record High: Modi Wave Boosts Investor Confidence

Investors are riding the Modi wave as Sensex skyrockets to new heights! Find out the reasons behind this market frenzy.

The Sensex has been on a rollercoaster ride, reaching record highs fueled by investor optimism following exit polls predicting a third term for PM Modi. On June 3, the market witnessed a surge as predictions of a clear majority for the ruling party fueled excitement. The BSE Sensex soared an impressive 2777.58 points, hitting an all-time high of 76738.89. Foreign institutional investors (FIIs) also played a significant role, net buying Indian equities worth ₹1613.24 crore, adding to the market exuberance.

Exit polls have set the stock market abuzz, with Nifty 50 and BSE Sensex hitting new milestones. The market rally post-polls saw the Sensex climbing to unprecedented heights, with Nifty also witnessing a significant surge. Both indices opened at record highs, with the Sensex breaching the 76,000 mark for the first time. Investors are elated with the market performance, attributing it to the anticipation of a stable government and favorable economic policies under PM Modi's leadership.

The ongoing market frenzy was further intensified as Sensex and Nifty continued their upward trajectory post polls. With Nifty at 23150 and Sensex gaining 2000 points, major gainers included Power Grid Corp, Adani Ports, and NTPC. The Sensex's remarkable jump of over 2,000 points to 76,738.89 and Nifty's rise to 23,338.70 mark a historic moment in the Indian stock market, reflecting the positive sentiments of investors amidst political developments.

In anticipation of the Lok Sabha results, the market witnessed unprecedented growth, with the Sensex soaring by 2700 points a day before the outcome. Investors reaped massive profits of 13.7 lakh crores as Sensex closed at 76,468 and Nifty at 23,263. The market's stellar performance showcases the profound impact of political developments on investor confidence and market dynamics, making it a thrilling time for traders and analysts alike.