Buoyant Mood : Sensex Opens At Record High As Chances Of Modi 3.0 On The Cards

The stock market opened with an unprecedented uptick on Monday, reaching an all-time high after exit polls forecast a decisive victory for the BJP-led NDA coalition, sparking widespread investor optimism.

The Sensex surged by 1859.88 points, opening at a record 75,821.19. Similarly, the Nifty jumped 603.85 points, starting the day at 23,134.55. Notably, all 50 companies in the Nifty index saw advances, with no declines, marking a rare and robust market performance.

Among the top performers were Adani Ports, Adani Enterprises, Power Grid, Shriram Finance, and NTPC, which led the rally with significant gains.

Public sector units’ indices jumped to fresh peaks during intra-day, in tandem with the benchmark barometers that hit new records. In the mid-session trade, the Nifty PSU Bank Index witnessed a steep surge climbing 644.15 points or 8.72 per cent to reach an all-time high of 8,030.15, with the scrip of Bank of Baroda rising 12.53 per cent to trade at Rs 298.10.

Central Bank of India rallied 12.53 per cent to Rs 72.55, State Bank of India went up 9.78 per cent to Rs 911.55, Canara Bank rose 9.07 per cent to Rs 128.70, and Indian Overseas Bank jumped 8.35 per cent to Rs 74.65 apiece on the NSE. At one point, shares of Bank of Baroda and SBI hit their 52-week highs of Rs 299.70, and Rs 912, respectively.\