Modi eyes power as Obama makes pledge to new India leader

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3. Sensex Scales 24,000 as Exit Polls Predict Modi Win

http://profit.ndtv.com/news/market/article-sensex-scales-24-000-as-exit-polls-predict-modi-win-388202

Sensex Scales 24,000 as Exit Polls Predict Modi Win
NDTV | Updated On: May 13, 2014 12:30 (IST)

The BSE Sensex surged over 500 points to edge above the psychological 24,000 mark for the first time on Tuesday as markets reacted positive to exit poll results announced on Monday. The Sensex has now gained over 1,700 or nearly 8 per cent in just three sessions since Friday.

The broader Nifty jumped around 160 points and traded above the key 7,150 levels. This is the third straight day when Indian stock markets have hit record highs. (Track markets)

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Narendra Modi-led BJP is seen by markets as being more investor- and business-friendly. The Nifty has already surged around 20 per cent since Mr Modi became the BJP prime minister candidate on September 13. A large part of gains have come on account of strong buying by foreign investors, who have purchased cash shares worth about $4.3 billion so far in 2014.

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