MUMBAI, 9 May-2014, Reuters: The Sensex touched a life high of 23,021.62 points on hopes the BJP would win a majority in Lok Sabha elections set to conclude next week, sending blue chips such as ICICI Bank sharply higher.
Sensex touches a high point to the 23,000 level for the first time
The five-week-long elections are set to conclude on Monday, with exit polls from media organizations to be issued after the last votes are cast. Actual results will be unveiled on May 16.
Polls have consistently shown the BJP and its prime ministerial candidate Narendra Modi ahead, raising expectations the opposition party, which is seen by markets as being more investor- and business-friendly, will either win or come close to an outright majority.