Equity benchmark indices continued their winning streak, marking a fifth consecutive session of gains on Monday. Investor optimism, initially fueled by robust macroeconomic data, received a further boost from the BJP’s triumph in three state assembly polls.
The BJP’s decisive victories in Madhya Pradesh, Rajasthan, and Chhattisgarh elections further bolstered the positive sentiment established last week, supported by strong macroeconomic indicators and consistent foreign fund inflows, analysts observed.
By the closing bell, the 30-share BSE Sensex surged by 1,383.93 points or 2.05% to reach 68,865.12. Similarly, the Nifty soared by 416.95 points or 2.06% to achieve a record high of 20,684.85.
Eicher Motors, Adani Enterprises, Adani Ports, BPCL, and ICICI Bank led the gainers among Nifty firms. Conversely, HDFC Life, Britannia, HCL Tech, Sunpharma, and Wipro closed in negative territory, diverging from the overall trend.