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MUMBAI, March 14 India's NSE index rose as much
as 2.1 percent to a record high on Tuesday as investors saw
Prime Minister Narendra Modi's landslide victory in the northern
state of Uttar Pradesh as endorsing his economic reform agenda.
The record was set in the first trading session since
election results came out over the weekend. Indian markets were
closed on Monday for a holiday.
The broader NSE index rose as much as 2.1 percent to
a record 9,122.75 points, surpassing the previous peak of
9,119.20 hit on March 4, 2015
The NSE was last up 1.74 percent.
Meanwhile, the benchmark 10-year bond yield
fell 4 basis points to 6.86 percent from its previous close,
while the Indian rupee strengthened to 66.2150/66.2175
from its 66.60/66.61 close on Friday.
(Reporting by Savio Shetty and Swati Bhat; Editing by Richard