Continuing its strong rally, BSE Sensex breached 31,000-point mark, while Nifty crossed 9,600 points for the first time ever, even as the nation celebrates Prime Minister Narendra Modi’s three years in power. The spectacular rallies marked by economic reforms including the push to manufacturing, radical tax overhaul and clearing of infrastructure logjam.
The benchmark stock indices, which rose to all-time highs in last few trading sessions, hit an all-time high today. BSE Sensex soared to 31,034.3 points in the afternoon trade, rising 1.05 per cent intraday,

continuing its stellar rise so far this year where it has returned 16.7%. The broader NSE Nifty hit its all-time high of 9,604.90 points in last hour of trade, up 1% intraday, adding to the spectacular 17.3% returns it has given since the beginning of 2017.
Indian equity markets are on a sustained rally since the beginning of this year, supported by BJP’s recent landslide win in UP state elections, prospects for a revival in corporate earnings, implementation of GST (Goods and Services Tax), expectations of good monsoon and an upmove in the global markets. 
The rally has been supported by strong foreign fund inflows, robust corporate earnings growth and remarkably improved political stability across the country.
Under the aegis of the Narendra Modi government, Sensex has grown from 24,716.88 points on 26 May 2014 to 31,034.30 points on 26 May 2017, giving a return of 24.40% in the three year period and 18.80% in the last one year. 
Similarly, Nifty 50, the broader of the two indices, has grown from 7,359.05 points on 26 May 2014 to 9,592.15 points on 26 May 2017, returning 29.20% in these three years and 19.80% in the last year alone.