Markets are pricing in the formation of a stable government and continuation of reforms
By ETMarkets.com |
The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds.
Markets are pricing in the formation of a stable government and continuation of reforms, experts said.
The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. Similarly, the broader Nifty rose 150.05 points, or 1.33 per cent, to settle at 11,407.15.
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