Benchmark Indices Touched All Time Record High As Sensex Hit 40,000

Benchmark indices touched all-time record high as Sensex hit 40,000 and Nifty crosses 12,000 for the first time as early trends are showing that BJP led NDA is taking clear majority.

The Sensex is up 887.97 points or 2.27% at 39998.18, and the Nifty up 263.10 points or 2.24% at 12001.About 1424 shares have advanced, 476 shares declined, and 78 shares are unchanged.

Mohammed Apabhai of Citi told CNBC-TV18 that India will get FII inflow after election verdit.

Outperformance of India among emerging markets is quite significant, he said. "I think lot of money forced into India even though is economy is not very strong."

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