Sensex jumps over 1400 points amid exit poll predictions that NDA will form the government again
Mumbai, May 20 (IBNS): A day after major exit polls predicted that Narendra Modi and his Bharatiya Janata Party are going to return at the Centre to form the government for a second straight term, the Indian market responded positively with the Sensex even gaining more than 1,400 points.
At around 3.24 pm, the Sensex was trading at 1394.54 points.
Nifty is trading over 427 points.
On Sunday, the Lok Sabha elections concluded with voting in 59 constituencies across the nation.
In several exit polls, it has been predicted that the BJP may win over 300 seats trumping the Congress and other regional parties.
The BJP is also predicted to make significant gains in the states of West Bengal and Odisha.