Mumbai: Indian stock markets experienced a significant rally this morning, with the BSE Sensex soaring by 1,200 points following the BJP-led NDA’s impressive victory in Maharashtra’s assembly elections. The win in Maharashtra, home to Mumbai, the country’s financial capital, sent positive signals to investors, boosting market sentiment.
The Sensex opened at 80,193.47 points, while the Nifty 50 index climbed by 346.30 points to settle at 24,253.55 points. All major sectors saw gains, with small- and mid-cap stocks rising approximately 2% each.
Adani Group stocks also rebounded sharply after a tumultuous period marked by a massive sell-off. The conglomerate had faced allegations of a $250 million bribery scheme, which it strongly denied, calling the accusations “baseless.” At the open, most Adani stocks saw an uptick, with Adani Energy and Adani Green leading the charge.
This market surge follows a strong performance on Friday, where both Sensex and Nifty indexes saw their best session since early June. The BSE Sensex rose by 1,961.32 points, or 2.54%, settling at 79,117.11, while the Nifty climbed 557.35 points, or 2.39%, to 23,907.25.
The BJP’s remarkable victory in Maharashtra, where it secured a record number of seats, helped propel the Mahayuti alliance to a resounding win, adding to market optimism.
Meanwhile, in broader Asian markets, Seoul and Tokyo were trading higher, while Shanghai and Hong Kong saw a dip in their indexes.
