The prospect of the National Democratic Alliance led by Prime Minister Narendra Modi returning to power has got investors in India’s equity markets all excited. Both the Nifty and the Sensex reached all-time highs on Monday as the indices appreciated 3.75% and 3.69%, respectively, the largest rise in percentage terms since September 2013. Though sanity returned on Tuesday with the indices shedding some of Monday’s gains, in terms of the number of points gained Monday’s rise was the largest in 10 years. This rally was after most exit polls released on Sunday predicted that the present NDA government would easily cross the halfway mark required to form the next government. The rally on Monday, however, was fuelled mainly by purchases made by foreign investors.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
The prospect of the National Democratic Alliance led by Prime Minister Narendra Modi returning to power has got investors in India’s equity markets all excited. Both the Nifty and the Sensex reached all-time highs on Monday as the indices appreciated 3.75% and 3.69%, respectively, the largest rise in percentage terms since September 2013. Though sanity returned on Tuesday with the indices shedding some of Monday’s gains, in terms of the number of points gained Monday’s rise was the largest in 10 years. This rally was after most exit polls released on Sunday predicted that the present NDA government would easily cross the halfway mark required to form the next government. The rally on Monday, however, was fuelled mainly by purchases made by foreign investors.