BSE in celebratory mood after Sensex touches 40,000 on Modi victory

BSE, formerly Bombay Stock Exchange, announced a cake-cutting ceremony on Thursday after Sensex topped 40,000 in opening trade after early trends made it clear that Prime Minister Narendra Modi was set for a landslide victory. The Sensex, however, failed to close above 40,000 amid profit-taking and ended below 39,000. The exchange routinely celebrates Sensex milestones; however, it typically considers the index’s closing levels. The sharp fall in the market at day's end didn’t deter the exchange from going ahead with the cake-cutting ceremony, which seemed more like a victory celebration for the PM, with many present showing up in “Namo