India stock rally signals confidence in Modi's growth agenda

Sensex index hits record highs heading into marathon election

20240502N BSE REUTERS

The Bombay Stock Exchange in Mumbai. The Sensex stock index rose above 75,000 for the first time in April. © Reuters

HIONA SHIRAIWA, HAYATE KOIKE and RYOSUKE HANADA, Nikkei staff writers

TOKYO/MUMBAI -- Indian stocks have been staging strong performances during the country's weekslong lower house election on market expectation for Prime Minister Narendra Modi to become re-elected and usher in further economic growth.

The Sensex stock index is hovering around record-high territory. The benchmark closed 0.17% higher Thursday to hit 74,611. 

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