Stock Market Today Highlights

Stock Market Today Highlights: BSE Sensex closes at record high, up over 2,500 points; Nifty50 above 23,250 as Lok Sabha exit polls predict Modi victory

Stock Market Today Highlights: BSE Sensex, Nifty50 Live: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Monday to hit life-time highs on the back of most Lok Sabha election exit polls showing the Prime Minister Narendra Modi returning for a third term. While BSE Sensex scaled above the 76,400 level to close at record high, Nifty50 was above 23,250. Most exit polls have predicted that the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) will secure a thumping majority with many of them even saying that PM Modi’s ‘400 Paar’ target may be crossed. The counting of votes for the Lok Sabha elections, which took place in seven phases, will take place on June 4, 2024.

So which stocks will be the top gainers? Which stocks will be top losers? What should your investment strategy be? Will BSE Sensex and Nifty50 hit record highs today? If the exit poll predictions prove to be accurate, it could lead to a significant surge in the stock prices of companies dubbed as “Modi stocks.” These are businesses or sectors that have directly benefited from the policies and initiatives implemented by the government under the leadership of Prime Minister Narendra Modi. Investors seeking to capitalize on government-driven growth often find these stocks attractive.

Many analysts have anticipated a rally in Modi stocks if the exit polls turn out to be correct. The potential for a strong NDA victory has created optimism among investors who believe that the continuation of Modi’s policies will further boost the growth and profitability of these companies.