Indian equity benchmark indices opened at record high with Nifty 50 inching 2,77 per cent, or623.85 points higher at 23,174.20 and Sensex trading 2.43 per cent higher at 76,063.14. On the similar lines, Nifty Bank opened above 50,000 for the first time ever post after exit polls suggested a stronger return for the PM Modi led BJP government
Earlier today, indicating a strong of frontline indices Sensex and Nifty 50, GIFT Nifty is trading at 850.50 points, or 3.75 per cent higher at 23,538.50.
In the first trading session of this week, the Indian rupee opened at 82.99 against the US dollar. The rupee had closed 82.46 against the American currency on Friday.
As per analysts, trading in the equity market will largely depend on two major events this week, the general elections result to be announced on June 4 and the RBI interest rate decision that will be announced by Governor Das on June 7.
Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with NJP-led NDA winning anywhere between 350-401 seats.