New Delhi: Market investors cheered the BJP’s big victory in three Hindi heartland states – Chattisgarh, Rajasthan and Madhya Pradesh. The market opened higher on Monday, with the benchmark Nifty 50 and Sensex scaling new highs. According to analysts, BJP’s victory indicated political stability and reduced fears of populism.
At 9.30 am, the Sensex was up over 1,000 points, or 1.5 percent, at 68,525 and the Nifty was up over 300 points, or 1.5 percent, near 20,600. The Sensex scaled a lifetime high of 68,587.82, while the Nifty hit a new all-time high of 20,602.50 soon after the market opened. All sectors also traded in the green.
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