Sensex Jumps Over 1,000 Points After Exit Polls Predict NDA Win

Domestic stock markets soared on Monday, with the Sensex gaining more than 1,000 points in late afternoon deals, a day after exit polls predicted that the Bharatiya Janata Party will win almost as many seats as it did in 2014 and form a government comfortably. The S&P BSE Sensex surged as much as 1,044.68 points to hit 38,975.45, and the NSE Nifty climbed to 11,718.30, up 311.15 points from the previous close. Advances in financial, auto, energy and metal stocks supported the markets. Analysts said the current rally could be short-lived before election results are declared on Thursday.

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