Sensex gives 1400-pt salute to Modi's return; best post-exit poll rally since 1999

Banking, capital goods, oil & gas, realty, metal, consumer durables, automobiles and utilities indices were up in the range of 2.5% to 4% on the BSE on Monday

The benchmark indices on Monday posted their biggest post exit poll intra-day gain since the 1999 Lok Sabha elections with the S&P BSE Sensex and Nifty50 rallying nearly 2.7 per cent each, expecting ruling the Narendra Modi – led Bharatiya Janata Party (BJP) to return to power at the Centre. Exit polls showed the incumbent government bagging close to 300 seats in the recently concluded Lok Sabha elections.

The S&P BSE Sensex rallied over 1,400 points, or 3.7 per cent to 39,352 levels, while the Nifty 50 index surged 421 points, or 3.7 per cent, to 11,828 levels at close.