Sensex jumps by 2000 and Nifty by 800 points after majority of exit polls show BJP winning for the third term
The financial stock market, the share bazaar which always wants a stable government has today morning exhibited tremendous faith in the exit polls telecast by at least twelve channels predicting a massive surge in seats of the saffron party led NDA government to 365 numbers or more.
About twelve electronic news channels have yesterday evening predicted that the current prime minister Narendra Modi is repeating for the third time in succession securing an absolute majority with the opposition INDIA strongly opposing, boycotting the exit polls claiming to form the government.
However, the India Financial market is highly enthusiastic by jumping up by 2621 points in Sensex and Nifty by 800 points a record in the last five years.
According to the latest news both, the Sensex and Nifty the Bombay Stock financial Market index and that of National stock exchange hit their record high levels today with all stock in Nifty and Sensex now being in the green.
Just after the stock market opened and started its proceedings at pre open the Nifty surprisingly went up by 800 points and Sensex by 2621 .98 points .
It may be recalled that the financial Market primarily feels comfortable with the government which secures a comfortable majority and when the electronic news channels started exhibiting Narendra Modi repeating for the third term consecutively with an absolute majority securing 365 or even more seats the Market Jumped up tremendously breaking the record of the lat four year. Even in the South these predictions showed the good performance of BJP securing few seats where it could even open its account.
The financial analysts predict that if the BJP led NDA really secures the absolute majority and forms a stable government the Indian stock market will reach unbelievable heights.
