April 21, 2026 08:14 am (IST)
Follow us:
Stock market surges record high over Modi hope
Mumbai, May 12 (IBNS) Amid widespread speculations from various polls that the BJP is set to win the elections and industry friendly Narendra Modi will be the next Prime Minister, the stock markets touched record high on Monday.
Rupee also rallied to its ten month high over hopes of a Modi government in New Delhi.
According to reports, the BSE Sensex crossed over 500 points, while the benchmark Nifty, which had surged 17 percent since Modi was named the PM candidate, reached above the 7,000 levels for the first time.
The market reacted to hopes of an exit polls showing a BJP government in power.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Oil jumps over 5% as Strait of Hormuz closure fuels supply fears
Mon, Apr 20 2026
Markets remain volatile amid West Asia tensions, rising crude
Mon, Apr 20 2026
From minerals to microchips: Odisha’s big leap into future tech
Sun, Apr 19 2026
Game changer: India’s first Advanced 3D Glass Semiconductor Packaging Unit to be unveiled in Odisha
Sat, Apr 18 2026
Meta eyes first wave of layoffs on May 20: Report
Sat, Apr 18 2026
Adani Group shares rise as Gautam Adani becomes Asia’s richest, overtakes Mukesh Ambani
Fri, Apr 17 2026
Lenskart dress code row: Hijab allowed, bindi restriction triggers backlash; CEO responds
Thu, Apr 16 2026
Rupee rises 9 paise, upside limited by dollar demand
Thu, Apr 16 2026