mo4ch:>India’s stocks flying high as PM Modi is set to secure second term | Mo4ch News

Benchmark Indian indices have closed with gains and came close to their all-time highs after exit polls showed that the country’s ruling alliance led by Prime Minister Narendra Modi's party is likely to win the general election.Both S&P BSE Sensex and the NSE Nifty 50 were up more than three percent as of Monday's close. BSE Sensex was higher 1,421 points, or 3.75 percent, to end trading at 39,352.67 points. This is just around 135 points lower than its all-time record.The Nifty 50 indices extended gains to close at 11,828.25, having jumped 3.69 percent. The result is the key Indian index’s closing high, and just 28 points short of its intraday record of 11,856.Also on rt.comAsian economies to take over ‘7% Growth Club’ in 2020s, but China is not on the listMonday’s results are considered the biggest single-day gains for both indices in more than five years, since September 2013, according to the Economic Times.Markets cheered after most exit polls results signaled that Na…