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India's Sensex Advances Amid Optimism Modi Win Will Drive Growth

A screen displays stock figures inside the Bombay Stock Exchange (BSE) building in Mumbai. — A screen displays stock figures inside the Bombay Stock Exchange (BSE) building in Mumbai.
Photographer: Dhiraj Singh/Bloomberg

By

Abhishek Vishnoi

May 27, 2019, 4:37 AM UTCUpdated onMay 27, 2019, 10:21 AM UTC

Indian equities advanced amid continued optimism that Prime Minster Narendra Modi will adopt more policies to spur growth in Asia’s third-biggest economy.

The benchmark S&P BSE Sensex rose 0.6% to 39,683.29 at the 3:30 p.m. close in Mumbai, adding to a series of record highs this year after capping its best week in seven months on Friday. The NSE Nifty 50 Index advanced 0.7%, also marking a new all-time high close.