The BSE Sensex was trading 902 points or 1.34% higher at 68,383. Nifty50 was trading at 20,554, up 286 points or 0.1.41% at around 9.17 am.
The market capitalisation of all listed companies on BSE surged by Rs 4.09 lakh crore to Rs 341.76 lakh crore.
Analysts stated that the state assembly election results, which were announced on December 3 are positive for markets.
From the Sensex pack, SBI, ICICI Bank, L&T, NTPC, and Airtel were the top gainers, rising over 2% each. M&M, HDFC Bank, Bajaj Finance, and Axis Bank also opened higher. Whereas only Nestle opened in the red.
At the same time, Adani stocks also rallied up to 14%. Adani Energy Solutions rose 14%, while Adani Power and Adani Green Energy surged over 12%. Adani Enterprises, Adani Total Gas, and Adani Wilmar advanced 6-8%.
MORE TO COME…
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