New Delhi, Jun 3 (EFE).- Indian stock indices opened with huge gains on Monday, a day before the announcement of the general election results, in which Prime Minister Narendra Modi is predicted to win according to several exit poll projections.
Sensex, an index of the top 30 companies with the highest capitalization in the Indian stock market, rose 2.7 percent early Monday to 75,880 points.
Nifty, an index of the 50 largest listed Indian companies in 12 sectors, also opened 2.72 percent up at 23,144 points.
On Saturday, after the last stage of the seven-phase elections, several exit polls by private media outlets predicted a resounding win for the Hindu nationalist Bharatiya Janata Party (BJP) led by Modi, who is seeking a third consecutive term.
The Election Commission of India will announce the result of the elections on Tuesday.
While the prime minister and his party workers are confident of forming a government with an absolute majority, opposition parties have dismissed the exit poll results, which in the past have proven to be unreliable.
“This exit poll is a betrayal to the public. This has been done by the BJP to put pressure on ECI and counting agents,” a leader from the opposition Congress Party, Udai Bhan, said on Sunday. EFE
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