Sensex soars 1,422 points

Mumbai, May 20

Riding a wave of optimism, the Sensex on Monday vaulted 1,422 points to close at a record 39,352.67 as investors cheered the exit polls predicting a clear mandate for the Narendra Modi-led NDA.

The NSE Nifty surged over 421 points to log its best single-day gains in over 10 years.

The 30-share BSE gauge also registered its biggest one-day rise in six years. The market capitalisation of BSE-listed companies jumped by Rs 5,33,463.04 crore.

HDFC Securities MD and CEO Dhiraj Relli said, “Markets expectedly cheered the outcome of the exit polls and Nifty registered its largest point gains since January 25, 2009. Nifty is just shy of all-time high of 11,856, but has nevertheless closed at its all-time closing high.” — PTI