Sensex Up 5,000 Points Since Poll Results; Here's Why

The benchmark Sensex has gained more than 5,000 points since the announcement of the Lok Sabha election results on June 4 amid a rally in the broader market. On a monthly scale, the 30-share Sensex is up nearly 5% in June. The Sensex extended the rally for the sixth consecutive day to trade at 77,475.08, up 137.48 points (0.18%), at 3:15 pm on Thursday. This rally is being powered by the improvement in investor sentiment on expectations of political stability, policy continuity, solid economic growth, a healthy monsoon and easing inflation.The volatility in the market around the poll results day was triggered by a sharp selloff by foreign institutional investors (FIIs).