Share market highlights: The Sensex and Nifty posted their biggest intra-day jump in 10 years on Monday, after exit poll results showed that PM Narendra Modi may retain power. The Sensex posted its highest ever closing figure at 39,352.67, while the Nifty is closed 421 points higher at 11,828.25. IndusInd Bank (8.64%), SBI (8.04%), Tata Motors (7.53%), Yes Bank (6.73%) were among the biggest gainers in the 30-share index. Among the indices, Nifty Bank index surged over 1,000 points the most since May 2009. Notably, shares of banking majors ICICI Bank, HDFC Bank and Kotak Mahindra Bank surged to fresh record high, surging up to 7%.
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.