Sensex inches closer to 40000-mark as trends show NDA getting clear majority

As the counting of votes began on Thursday morning, the stock market witnessed gap-up opening in the pre-market session with the NSE Nifty 50 index surging as much as 159 points to record high of 11,897.
On the other hand, the S&P BSE Sensex surged nearly 500 points to record high of 39,606 as early trends showed NDA advancing on over 200 parliamentary seats.
The latest trends show NDA notching over 300 out of 543 seats which means the Sensex could even breach the 40,000-mark in a scenario where BJP emerges as the single largest party. Nifty, too, is expected to hit record highs and cross the 12,000-mark.