India’s Nifty rebounded to open at record highs on Monday. Exit polls point to a stronger return for the PM Modi-led BJP government. All eyes remain on the June 4 India’s general election outcome. Nifty recorded its biggest jump in four years during the market opening. A potential win, with a majority, for the Bharatiya Janata Party -led Prime Minister Narendra Modi’s government ramped up optimism in the Indian stock market. The National Stock Exchange Nifty 50 is up 2.
It was launched in 1996 by the National Stock Exchange of India . It plots the weighted average share price of 50 of the largest Indian corporations, offering investors comprehensive exposure to 13 sectors of the economy. Each corporation's weighting is based on its free-float capitalization, or the value of all its shares readily available for trading.
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