With Narendra Modi surging to become PM for second term, Sensex hits 40K
New Delhi, May 23 (IBNS): As early trends showed Prime Minister Narendra Modi may be returning for a second term, the BSE Sensex hit an all-time high of 40,000 for the first time on Thursday.
Sensex moved up by 912 points to touch 40022.73 points, as per market figures at 10.44 am.
The Nifty on the other hand is ahead by 255 points to touch 11992.90 points.
Reliance Industries, HDFC, Larsen & Toubro, ICICI Bank and IndusInd Bank remained the top contributors as Sensex witnessed a majo lift during early trading session.
As per early trends, the Bharatiya Janata Party-led NDA is currently ahead in 328 seats.
The Congress is leading in 106 seats while others are ahead in 108 seats.
Modi and his BJP had scored a massive victory in the 2014 Lok Sabha polls to form the government at the Centre after the UPA rule from 2004 to 2014.
This will be Narendra Modi's second term as the PM.
His predecessor Manmohan Singh had also served as the PM of India for 10 years during the UPA regime.
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