Post Exit Polls, Sensex zooms by 924 pts

Mumbai:The BSE Sensex on Monday zoomed up by 924 points to 38,855.13 after exit poll results predicted the BJP-led National Democratic Alliance (NDA) will come to power.

The Nifty of National Stock Exchange (NSE) too rose by 272.60points to 11,679.95.The sensex registered intra day high and low at 38,909.79 and 38,570.04 points respectively.The Nifty recorded intra day high and low at 11,699.95 and 11,591.90 points respectively.

The BSE Sensex was up almost 2.4 per cent, or 924 points, with State Bank of India, Mahindra & Mahindra Ltd, Tata Motors, ICICI Bank, and Larsen & Toubro among the top gainers. The broader Nifty50, had gained 263 points, or 2.31 per cent, to trade at 11,671.

All the Sensex sectoral indices, included Materials, Energy, Finance, Industrials, Auto and Metal increased more than three percent.In the broader market, the S&P BSE MidCap index had gained 425 points, or 2.97 per cent while the S&P BSE SmallCap index was up 2.77 per cent. 

 The rupee on Monday opened sharply higher against the US dollar  after the exit polls showed clear majority for the NDA (National Democratic Alliance) in the Lok Sabha elections 2019.

The gainers were SBI by 6.60 pc to Rs 340,M & M by 5.78 pc to Rs 657.15, ICICI Bak by 5.30 pc to Rs 411, L & t by 5.22 pc to Rs 1433 and Tata Motors by 5.12 pc to Rs 185.75.The losers were Bajaj Auto by 1.08 pc to Rs 3008.80 and Infosys by 1.02 pc to Rs 716.45.(UNI)