Its Modi-Day for Stocks..! Markets hit high ever in 52-weeks with LS elections underway

With the vote count for the 17th LS polls being underway, the stock market managed hitting high at 40000 level, after the polls highly estimate a strong possibility of Modi coming back to power.

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The level of Nifty meanwhile crossed 12000 benchmark indices opening elevated, welcoming the ruling reigns for the second five year term as a stable government at the centre.

With the stocks in the market wavering continuously, the Foreign Institutional Investors moved up selling equity worth Rs 965.02 crore, while the Domestic Institutional Investors sold shares to the tune of Rs 157.75 crore, provisional data available with stock exchanges showed.

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Opening with a gap up of 1.39 per cent, marking a 52 week plunge record, Nifty has touched a new record high at 12041.15 by 11:52 am, whereas Sensex has reached 40,124.96.

Although after reaching the highest ever levels, the indices have pared gains and reached back to 1 per cent gains. Ahead of the day end, when Modi wave is heating the markets, economic indices blaze up like never before.

COURTESY:- NEWS BHARATI

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