The Indian stock market reached unprecedented heights driven by robust growth in the financial sector and optimistic signals from exit polls favoring the Bharatiya Janata Party (BJP). The Bombay Stock Index surged by 492.75 points, concluding at a remarkable 67,481.19, while the national index also witnessed a substantial gain of 134.70 points, closing at 20,267.90. Investors responded positively to the impressive 7.6 percent expansion in the country’s gross domestic product during the July to September quarter.
The exit poll results further fueled market enthusiasm, projecting BJP’s victory in two significant states. Both domestic and international investors capitalized on the positive sentiment, contributing to the market’s surge. Amid global economic uncertainties, the prevailing perception that India remains a secure investment destination has reinforced the market’s resilience.