Sensex soars over 300 points, NIFTY jumps 85 points to 7290
- 5 years ago
The BSE Sensex surged over 300 points, while the broader Nifty advanced over 1 per cent on Monday. The Indian rupee rose over 0.5 per cent to an 11-month high of 58.48 per dollar.
The Sensex and Nifty have rallied sharply betting on a Modi win and now that the BJP has won a majority on its own, there are hopes of quick reforms and a turnaround in India's economy. Unlike his predecessors, Mr Modi will not have to deal with unruly partners as he implements reform. That could usher in profound economic changes, analysts say.
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The Sensex and Nifty have rallied sharply betting on a Modi win and now that the BJP has won a majority on its own, there are hopes of quick reforms and a turnaround in India's economy. Unlike his predecessors, Mr Modi will not have to deal with unruly partners as he implements reform. That could usher in profound economic changes, analysts say.
For More information on this news visit : http://www.newsx.com/
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