Market Boosted by Election Results
Mumbai: Benchmark equity indices rallied on Monday, driven by election results in five states that aligned with market expectations, coupled with encouraging quarterly earnings and buying activity in blue-chip stocks. At one point during the session, the Sensex surged by as much as 997.25 points, hitting an intraday high of 77,910.75. However, as investors engaged in profit-booking starting in the afternoon, the index eventually settled at 77,269.40, recording a gain of 355.90 points. The Nifty closed at 24,119.30, up 121.75 points.
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