The benchmark Sensex and Nifty hit new all-time high on Monday after exit polls showed the ruling Narendra Modi-led Bharatiya Janata Party (BJP) was set to win a second term in the general elections concluded on Sunday.
The Sensex climbed 3.75 per cent, or 1,422 points, to end at 39,353, while the Nifty50 index vaulted 421 points, or 3.7 per cent, to close at 11,828. Both indices surpassed their previous record highs touched on April 16. This is the biggest one-day gain in 10 years in point terms and the most since September 2013 in percentage terms.
Investor sentiment was