ONGC, ICICI Bank, HDFC Bank hits new high

Shares of ICICI Bank surged over 10%, while ONGC stock up 5%. Tata Motors stock was up 5% and Axis Bank stock also surged 9%.

ICICI Bank, Oil and Natural Gas Corporation (ONGC), ITC, Tata Motors, HDFC Bank, HDFC, Axis Bank, Hero MotoCorp and Maruti Suzuki India hit respective  high level as poll outcome trends  showed the Narendra Modi-led National Democratic Allianec (NDA) leading in 249 , UPA in 75 seats. Shares of ICICI Bank surged over 10%, while ONGC stock up 5%. Tata Motors stock was up 5% and Axis Bank stock also surged 9%. State Bank of India (SBI), Bharat Heavy Electricals Limited (BHEL), Reliance Industries (RIL) and Coal India from the Sensex rallied between 3-8% on the Bombay Stock Exchange (BSE). The banking index Bankex and auto index have gained 8% and 5% respectively hits record high.