sid_22 Posted May 9, 2014 Report Posted May 9, 2014 The BSE Sensex surged to a record high over 23,000 as it went up by 675 points on Friday as it is being said that the market has sensed the victory of Bharatiya Janata Party and its leader Narendra Modi. The broader Nifty also touched the all-time high of 6,870, being up by 200 points. The traders in the markets said that the triumph of Modi-led BJP in Lok Sabha Elections is almost confirmed and the impact can now easily be on markets. Various surveys conducted in different parts of the country reveal that the Modi wave will sweep all the other political parties with high-voltage poll performance. The voting in the nine-phase long elections will conclude on Monday and the exit polls will closely follow. The exit polls will cast a shadow on the building situations of election result, while the actual result will be out on May 16. The markets view the opposition party as more investor- and business-friendly and the speculation ending in the favor of BJP has helped the market to touch the sky today. Market analyst Rajat Bose said that his sort of boost was required for the market as it had been showing some signs of worries. "Markets have been giving worrying signs over the last few sessions even as volumes dropped sharply... We needed some kind of comeback of this kind," he said.
posaanisam Posted May 9, 2014 Report Posted May 9, 2014 eroju kanna monna elections day rojuna 59 vachindi... aroju baga work out aindi.. waiting fr may 16 to downfall ruppe...
harvey Posted May 9, 2014 Report Posted May 9, 2014 rupee value will go....remember those days when it is 1$=35-45R ...those days will come back I think. Its good india will develop.
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