Following Exit polls, Sensex, Nifty reaches all-time highs at pre-opening

Nifty Bank opened above 50,000 for the first time ever, post after exit polls suggested a stronger return for the PM Modi-led BJP government.

Top Indian News Desk
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Courtesy: ANI

The Indian stock market is anticipated to start higher due to favorable global market cues, optimistic GDP growth in India, and exit polls from the Lok Sabha elections. The domestic equities indices ended a five-day losing run on Friday by closing with modest gains. The Nifty 50 closed 42.05 points, or 0.19%, higher at 22,530.70, while the Sensex increased 75.71 points to close at 73,961.31.

At the pre-opening, Indian stock markets were up nearly 3 percent after opening this morning. Nifty 50 stands at 23141.80, Sensex at 75949.00 and Nifty Bank at 50498.05.

The BJP was projected to win by a landslide, according to exit polls, and on Friday, GDP figures exceeded expectations.

It is a developing story…