Modi wave sweeps D-Street; Sensex skyrockets 2,600 pts, Nifty tops 23,300

Indian benchmark equity indices Nifty 50 surged past 23,000 and BSE Sensex crossed the 76,000 mark as they opened at a record high on Monday, buoyed by exit polls predicting a third term with a sizable mandate for Prime Minister Narendra Modi. Investors are optimistic that Modi's administration will continue to invest in infrastructure and manufacturing to sustain economic growth.