Government of India official economic reports and financial news outlets

Sensex and Nifty50 Hit Record Highs as Modi Begins Third Term

Jun 10, 2024, 05:27 AM

Indian stock markets opened in green on Monday morning, with benchmark indices BSE Sensex and Nifty50 hitting record highs. The Sensex climbed 387 points to 77,079 levels, while the Nifty50 rose 0.39% to 23,411.90 levels. This surge follows Prime Minister Narendra Modi's oath-taking for a historic third term. Analysts attribute the market gains to Modi's swearing-in and regional uplift. The rally marks the fourth consecutive day of gains for the Sensex, which breached the 77,000-mark for the first time ever.