The sensex and Nifty achieved record highs on Monday, with the sensex surging 1,383.93 points to reach an all-time high of 68,865.12, while the Nifty jumped 418.90 points to close at a record 20,686.80. These impressive gains were driven by the Bharatiya Janata Party’s (BJP) victory in three state elections on Sunday.
The energy sector saw a 3% increase, while financial services rose by 2.6%, leading the overall sectoral gains. Additionally, small- and mid-cap stocks also experienced a 1% increase, reaching new all-time highs. This information comes from news agency Reuters.
The BJP emerged victorious in three out of four states, namely Rajasthan, Madhya Pradesh, and Chhattisgarh. However, they faced defeat at the hands of the Congress party in Telangana.
Prior to this surge, the Nifty had already reached a record high on Friday, buoyed by strong quarterly growth and positive monthly factory activity data.
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