Sensex, Nifty soar after BJP-led Mahayuti's win in Maharashtra

The BSE benchmark Sensex jumped 1,289.89 points to 80,407 successful aboriginal trade. File. | Photo Credit: PTI

Benchmark equity indices Sensex and Nifty surged successful aboriginal commercialized connected Monday (November 25, 2024), helped by across-the-board rally and the BJP pulling disconnected a stunning show successful Maharashtra winning a grounds fig of seats to propel the party-led ruling Mahayuti confederation to a landslide victory.

Extending its erstwhile day's crisp rally, the BSE benchmark Sensex jumped 1,289.89 points to 80,407 successful aboriginal trade. The NSE Nifty surged 405.25 points to 24,312.50.

From the 30-share Sensex pack, Mahindra & Mahindra, Larsen & Toubro, State Bank of India, Reliance Industries, ICICI Bank and Bajaj Finance were the biggest gainers.

JSW Steel and Infosys were the laggards.

"The quality of the marketplace to astonishment was evident successful the 557 points spurt successful the Nifty connected Friday. This crisp upswing volition proceed contiguous assisted by the ace NDA show successful Maharashtra. The governmental connection from this predetermination is immense and highly affirmative from the marketplace perspective," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

The BJP connected Saturday successful Maharashtra won a grounds fig of seats to propel the party-led ruling Mahayuti confederation to a landslide triumph portion the INDIA bloc stormed backmost to powerfulness successful Jharkhand connected the backmost of a spectacular showing by the JMM.

In Asian markets, Seoul and Tokyo were trading higher portion Shanghai and Hong Kong were quoting lower.

The U.S. markets ended successful affirmative territory connected Friday.

"Sentiment is expected to stay affirmative pursuing the BJP-led alliance's important triumph successful the Maharashtra assembly elections, on with a rally successful planetary markets," Vikas Jain, Head of Research, Reliance Securities, said.

Global lipid benchmark Brent crude dipped 0.37% to $74.89 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹1,278.37 crore connected Friday, to speech data.

The BSE benchmark jumped 1,961.32 points oregon 2.54% to settee astatine 79,117.11 connected Friday. The Nifty soared 557.35 points oregon 2.39% to 23,907.25.

Published - November 25, 2024 10:26 americium IST