Mumbai: The Sensex and Nifty surge in the opening trade on Monday morning, tracking exit polls results showing that PM Narendra Modi may retain power.
The Sensex is up 854 points to 38,784.77, while the Nifty is trading near the 11,700-mark. Maruti Suzuki shares are trading 5% higher at Rs 7,032, while L&T shares are up 4% to emerge among the biggest Sensex gainers.
Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China. In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.6% after a steep 3% loss the previous week.
U.S. S&P 500 e-mini futures also turned higher, rising 0.5% following losses on Wall Street on Friday, Reuters reported. We bring to you live updates.