- India’s Nifty closed over 3% higher on Monday, just below fresh all-time highs.
- Exit polls predict a stronger return for the PM Modi-led BJP government.
- All eyes remain on the June 4 India’s election outcome and the June 7 RBI policy decision.
Nifty 50, India’s key benchmark index, rallied to a new record high to end Monday with heavy gains, reversing the previous week’s 2% decline.
Nifty recorded its biggest jump in four years during the market opening.
A potential win, with a majority, for the Bharatiya Janata Party (BJP)-led Prime Minister Narendra Modi’s government ramped up the optimism in the Indian stock…