Indian stock index Sensex soars over 3 pct as voting concludes in biggest democracy

The benchmark BSE Sensex zoomed past 39,312, rallying over 1,300 points, in afternoon trade Monday as investors cheered exit poll results that showed the ruling NDA is likely to win the general elections.

Nifty also soared over 3.6 per cent on upbeat sentiments of voters.

Sensex at 39,249.76, up by 1,318.99 points. pic.twitter.com/7M6k3Ur1UG

— ANI (@ANI) May 20, 2019

"The rise in main indices is justified considering the numbers that have come in the exit poll," said Rusmik Oza, Head of Fundamental Research, Kotak Securities.

Expect Nifty 50 to retest the recent high of 11, 850 before May 23.