Sensex reclaims 80k mark; Nifty surges more than 1% after BJP-led Mahayuti's win in Maharashtra

From the 30-share Sensex pack, Larsen & Toubro, State Bank of India, Adani Ports, Reliance Industries, Power Grid, ICICI Bank, HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank and Axis Bank were the biggest gainers.  | Photo Credit: Reuters

Benchmark equity indices Sensex and Nifty surged much than 1% connected Monday (November 25, 2024), helped by a rally successful bluechip stocks 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 992.74 points oregon 1.25% to settee astatine 80,109.85. During the day, it soared 1,355.97 points oregon 1.71% to 80,473.08. The NSE Nifty surged 314.65 points oregon 1.32% to 24,221.90.

From the 30-share Sensex pack, Larsen & Toubro, State Bank of India, Adani Ports, Reliance Industries, Power Grid, ICICI Bank, HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank and Axis Bank were the biggest gainers. On the different hand, JSW Steel, Tech Mahindra, Infosys, Maruti, Asian Paints and HCL Tech were the laggards.

Online nutrient transportation elephantine Zomato volition go a portion of the benchmark BSE Sensex, replacing JSW Steel from December 23. This is portion of the latest reconstitution announced by Asia Index Private Limited, a subsidiary of BSE.

"The quality of the marketplace to astonishment was evident successful the 557 points spurt successful the Nifty connected Friday (November 22, 2024.) 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 pulled disconnected a stunning show successful Maharashtra, winning a grounds fig of seats to propel the party-led ruling Mahayuti confederation to a landslide victory, portion the INDIA bloc stormed backmost to powerfulness successful Jharkhand connected the backmost of a spectacular showing by the Jharkhand Mukti Morcha.

Maharashtra authorities enactment LIVE: Who volition beryllium Mahayuti’s CM pick? Aaditya Thackeray elected Shiv Sena (UBT) legislature enactment leader

In Asian markets, Seoul and Tokyo settled higher, portion Shanghai and Hong Kong ended successful the red. European markets were trading successful the green. The U.S. markets ended successful affirmative territory connected Friday (November 22, 2024.) Global lipid benchmark Brent crude dipped 0.40% to $74.87 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹1,278.37 crore connected Friday (November 22, 2024,) according 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 04:57 p.m. IST