Modi wave engulfs market; Nifty soars 80 pts

Posted on May 16 2014 - 10:22pm by IBC News

Mumbai, May 16 The much-awaited poll-result day witnessed index flaring up to fresh life-time high 7,563.50, but later cozying up to close to a new high of 7,203 on profit-booking at the National Stock Exchange (NSE) today.

Earlier, investors gorged shares with massive participation riding on the Modi wave, with the news starting to trickling that BJP-led NDA is all set to form government with thumping majority, sentiments signalling stability, growth amid economic reforms.

Aggressive buying was witnessed in realty

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