India, May 24 -- Indian shares posted strong gains on Friday to end near the day's highs as investors cheered Prime Minister Narendra Modi's landslide win in Lok Sabha election as well as a steep fall in oil prices overnight.
The benchmark BSE Sensex jumped as much as 623.33 points or 1.61 percent to 39,434. 72 on expectations that the new government will undertake structural reforms over the next few months to reverse the slowdown in economic growth and create more jobs for the youth.
The broader Nifty index ended up 187.05 points or 1.60 percent at 11,844.10.
Zee Entertainment Enterprises, Bharti Airtel, Tata Steel, Vedanta and ICICI Bank jumped 4-5 percent in the Nifty pack, while IT companies such as TCS and Tech Mahindra were among ...