Markets log biggest single-day gain in 3 years as polls predict 3rd term for Modi

After the exit polls predicted the return of the Modi government for the third straight term, benchmark Sensex and Nifty zoomed more than 3 per cent on Monday, recording their biggest single-day gain in three years and closing at lifetime highs.

The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new closing peak of 76,468.78 points with 25 of its constituents ending in the green and five in the red. During the day, the barometer jumped 2,777.58 points or 3.75 per cent to hit a record intra-day peak of 76,738.89.

The NSE Nifty climbed 733.20 points or 3.25 per cent to finish at 23,263.90. During the day, it soared 808 points or 3.58 per cent to hit a fresh intra-day all-time high of 23,338.70.