Driven by significant short-covering by Foreign Institutional Investors (FIIs), the Nifty surged approximately 3%, while the Sensex soared by a staggering 2,778 points on Monday morning, following the unexpected exit poll projections of a landslide victory for the NDA. The “Aayega To Modi” slogan became an investing strategy as traders enthusiastically bought Prime Minister Narendra Modi’s favored Public Sector Undertakings (PSUs) in entirety.
