(Image source from: Market Modified)

As news of Modi leading in Vadodara by 1.68 lakh votes trickles in, there are some serious celebrations happening. With BJP leads pacing past 300 seats, it seems like Diwali time for both BJP supporters and the Sensex!

Yes, the snail-paced Sensex now stands at a record-breaking 25,319 points.

Among the top 10 gainers on the NSE were SBI up 8.6 percent, PNB 8.6 percent, IndusInd Bank 8.3 percent, Kotak Mahindra Bank 7.68 percent, Maruti Suzuki 7.56 percent, Hero MotoCorp 7.11 percent, HDFC Bank 7.1 percent ICICI Bank 7.02 percent Bank of Baroda 7.47 percent and Axis Bank 6.77 percent.

Of the 10, eight are bank shares and the remaining two automobiles.

True, when the economy revives, banks are the ones which will gain the most as their NPAs decrease and profitability increase.

AW: Suchorita Choudhury