Markets hit fresh record highs on state election result boost

Mumbai, 4/12: Equity benchmark indices maintained their winning streak for the fifth straight session on Monday as investors, already buoyed by the strong macroeconomic data, responded positively to BJP’s victory in three assembly polls.

 

BJP’s clear majority in Madhya Pradesh, Rajasthan and Chhattisgarh state elections further fuelled the positive sentiment built up last week on the back of robust macroeconomic numbers and unabated foreign fund inflows, analysts said.