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Sensex jumps by 1000 points as NDA set for massive win
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  • Sensex jumps by 1000 points as NDA set for massive win

Sensex jumps by 1000 points as NDA set for massive win

FP Archives • May 16, 2014, 10:41:49 IST
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The BSE Sensex gained around 1,000 points in early trade to a record high of 24,956.60, while the broader Nifty also hit a record high at 7,433.20.

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Sensex jumps by 1000 points as NDA set for massive win

Mumbai - The BSE Sensex and Nifty rallied to record highs, while the rupee strengthened to near a 10-month high against the dollar, as early vote counts in the general elections showed the opposition Bharatiya Janata Party and its allies leading. [caption id=“attachment_1526737” align=“alignleft” width=“380”] ![The Bombay Stock Exchange. AP](https://images.firstpost.com/wp-content/uploads/2014/05/Sensex-crop.jpg) The Bombay Stock Exchange. AP[/caption] The BSE Sensex gained around 1,000 points in early trade to a record high of 24,956.60, while the broader Nifty also hit a record high at 7,433.20. The partially convertible rupee was trading at 58.84/85 per dollar by 9:10 a.m. after hitting as much as 58.81, its strongest level against the dollar since July 26. The local unit closed at 59.29/30 on Thursday. The benchmark 10-year bond yield fell 6 basis points to 8.72 percent. Reuters

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